Kimco Realty Corporation announces groundbreaking ceremony for 450,000 square foot shopping center in Spring, Texas

NEW HYDE PARK, N.Y., 2016-Mar-23 — /EPR Retail News/ — Kimco Realty Corporation is happy to announce a groundbreaking ceremony to commemorate Grand Parkway Marketplace, a new 450,000 square foot open-air shopping center development in Spring, Texas anchored by Target Corporation. The project has generated strong retailer demand with approximately 75 percent pre-leased, based on leases in progress and signed letters of intent, including eight leases with national, best-in-class junior anchors. Once completed, Grand Parkway Marketplace will be a signature property in a core major metro market for the company.

“Grand Parkway Marketplace is an illustration of Kimco’s strategy to selectively develop state of the art projects in highly desirable trade areas. The shopping center will bring an exciting mix of national, regional and local retailers, restaurants and services to both the local community and the northern Houston area at large. The architecture, landscaping and amenities package will be exceptional and transform this intersection”, commented Rob Nadler, President of Kimco’s Central Region.

When: Thursday, April 7, 2016 at 10:00 a.m. CDT

Where: Grand Parkway Marketplace – Corner of Kuykendahl Road and Spring Stuebner Road

The groundbreaking ceremony is open to the public and media are invited to attend. To RSVP, contact Jo Anne Jarosik at 847.294.6447 or jjarosik@kimcorealty.com by Friday, March 25th.

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of December 31, 2015, the company owned interests in 564 U.S. shopping centers comprising 90 million square feet of leasable space across 38 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

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CONTACT:
David F. Bujnicki
Senior Vice President – Investor Relations and Strategy
Kimco Realty Corporation
1-866-831-4297

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