Mill Station: Kimco unveils plans for a new, open-air shopping destination in Baltimore County, Maryland

Mill Station: Kimco unveils plans for a new, open-air shopping destination in Baltimore County, Maryland

 

Costco to anchor this Kimco Signature Series development

NEW HYDE PARK, N.Y., 2017-Nov-22 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM) today (11/21/2017) introduced plans for Mill Station – a new, open-air shopping destination at the former site of the Owings Mills Mall in Baltimore County, Maryland. Costco will anchor the 575,000-square-foot Kimco Signature Series development, which will feature national, regional and local retailers, a variety of dining options, ample parking, green space and pedestrian-friendly walkways. Construction is scheduled to commence in early 2018, with completion expected in early 2019.

“Mill Station will be a dynamic retail destination that breathes new life into the Owings Mills community,” said Conor Flynn, Kimco’s Chief Executive Officer. “Kimco is transforming this asset, delivering an impressive mix of national brands, local shops and dining options in a modern, open layout that better reflects the desires of local shoppers and the character of this area.”

The approximately $108-million, ground-up development will house up to 30 retailers and restaurants, linked by a network of walkways and connections to existing office and retail. Mill Station lies in close proximity to mass transit, and enjoys direct access to I-795, connecting Carroll County with Baltimore County. The shopping center will serve a population of 166,000 in the surrounding five-mile area, with an average household income of approximately $93,000.

Costco will open a 148,000-square-foot warehouse club at the shopping center, to include a deli, bakery, food court, garden center, optical department, photo center and a gas station. The Mill Station club will be the only Costco location within a 15-mile radius. Kimco is negotiating leases with several additional retailers to occupy a total of 350,000 square feet at the new center. Furthermore, the site’s existing AMC Theatre will be fully modernized, creating a state-of-the-art cinema experience.

“We are confident that Mill Station will be a lifestyle destination that the Owings Mills community will enjoy for years to come,” said Tom Simmons, President of Kimco’s Mid-Atlantic Region. “We’d like to thank the Owings Mills residents, area businesses and local officials, whose voices and opinions were heard and appreciated throughout the planning process.”

About Kimco

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of September 30, 2017, the company owned interests in 507 U.S. shopping centers comprising 84 million square feet of leasable space primarily concentrated in the top major metropolitan markets. 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.

Contact:
Jennifer Maisch
516-869-7224
Director, Corporate Communications
jmaisch@kimcorealty.com

Source: Kimco Realty Corporation

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Kimco Realty starts construction of Phase I retail at Dania Pointe; expected to open for the 2018 holiday season

Kimco Realty starts construction of Phase I retail at Dania Pointe; expected to open for the 2018 holiday season

 

Phase I of the Kimco Signature Series development is approximately 80% preleased as construction kicks off

NEW HYDE PARK, N.Y., 2017-Aug-12 — /EPR Retail News/ — Dania Pointe continues to take shape in Southern Broward County, Florida, as Kimco Realty Corp. (NYSE:KIM) announces the groundbreaking of building construction at the project’s Phase I retail portion, expected to open for the 2018 holiday season. Phase I comprises 300,000 square feet of retail, which is approximately 80% preleased to a variety of national and regional brands including TJ Maxx, Hobby Lobby, BrandsMart and Ulta Beauty, along with several restaurants.

“We’re thrilled with the level of leasing activity we’ve seen to date at Dania Pointe,” said Paul Puma, President of Kimco’s Southern Region. “The construction of Phase I retail is a significant step towards the realization of the innovative live, work, play environment that we envision for this Kimco Signature Series development.”

Upon completion, Dania Pointe will be a comprehensive open-air lifestyle community incorporating over 100 national and local retail tenants and restaurants in approximately 1 million square feet of space, complemented by up to 500,000 square feet of Class A office space, 1,000 luxury rental apartments and condominiums, and two signature hotels. With more than a dozen unique restaurants and entertainment venues, Dania Pointe will quickly become “the place to be” in Greater Fort Lauderdale and much of South Florida.

“With the Dania Pointe project, combined with our adjacent Oakwood Plaza property, Kimco now controls three full exits of frontage along I-95, totaling approximately two miles,” said Conor Flynn, Kimco’s Chief Executive Officer. “The strong demand we continue to see for locations of this caliber indicates a bright future for Kimco as we redevelop and reimagine our real estate.”

Dania Pointe will be easily accessible to tri-county residents and tourists alike, with its prime location less than 10 minutes from the Fort Lauderdale-Hollywood International Airport and Port Everglades, and just 20 minutes from the upscale communities of Weston and Plantation to the west; Fort Lauderdale and Pompano Beach to the north; and Hollywood and North Miami Beach to the south. Immediately adjacent to I-95, it will serve as a central location for residents travelling north and south on I-95, as well as east and west on I-595.

Dania Pointe retail leasing and office development opportunities are available. For more information, visit DaniaPointe.com.

ABOUT KIMCO REALTY

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of June 30, 2017, the company owned interests in 510 U.S. shopping centers comprising 84 million square feet of leasable space primarily concentrated in the top major metropolitan markets. 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.

Media Inquiries:
Jennifer Maisch
516-869-7224
Director, Corporate Communications
jmaisch@kimcorealty.com

Leasing Inquiries:
Spencer Phelps
407-302-6518
Senior Director of Real Estate
sphelps@kimcorealty.com

Source: Kimco Realty Corporation

Kimco announces achievements on its corporate responsibility program for 2016

Building on the corporate responsibility program’s six years of success, Kimco sets its sights beyond basic environmental, social, and governance practices

NEW HYDE PARK, N.Y., 2017-Jun-17 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) announced today (6/15/2017) the release of its 2016 Corporate Responsibility Report. This fourth annual report provides a comprehensive account of Kimco’s performance on a range of environmental, social and governance aspects.

“Over the past several years, we’ve been hard at work transforming Kimco’s business—reshaping our portfolio, cultivating new leaders from within, and establishing a 2020 Vision that will provide the strategic direction to deliver steady and recurring growth for many years to come,” said Conor Flynn, Chief Executive Officer at Kimco Realty. “During this period we’ve also developed a robust corporate responsibility program, establishing Kimco as an early industry leader and earning recognition from the Dow Jones Sustainability Indices, Global Real Estate Sustainability Benchmark, and others.”

“As we reflect on recent milestones and plan for the future, our team is committed to going beyond expectations to build a next-generation Real Estate Investment Trust,” said David Jamieson, Executive Vice President and Chief Operating Officer. “We understand that we must not only identify challenges, but seek solutions and innovations that will position Kimco for success. Sustainability serves as one of the lenses through which we are evaluating these emerging opportunities in our business.”

2016 Highlights

Kimco’s achievements for 2016 include:

  • Named to the Dow Jones Sustainability North America Index, GRESB Green Star, and Newsweek’s Top Green Companies in the U.S.
  • Achieved a cumulative 18 percent reduction in same-site energy consumption since 2011 by investing in property improvements that are delivering significant operational savings. The company is going beyond existing operations to embed sustainability criteria into the design of new properties and major redevelopments.
  • Completed 170 sustainable improvement projects for a total investment of $10.1 million.
  • Produced 3,564 megawatt hours of solar energy.
  • Diverted approximately a quarter of all operational waste (57,313 metric tons) from landfills or incinerators.
  • Launched initiatives that exemplify Kimco’s commitment to developing its talented team. Kimco’s employees are its most important asset, and the company made significant investments in diversity, education, and wellness programs in 2016.
  • Contributed 476 hours of employee volunteer service through Kimco’s Community Connection program.
  • Continued to build upon its long-term commitment to best practices in areas such as stakeholder engagement, corporate governance, ethics, and external reporting. Kimco recently expanded board- and executive-level involvement in its corporate responsibility program, and has also published a comprehensive ESG (environmental, social and governance) policy to clearly articulate program governance to external audiences.

The 34-page Corporate Responsibility Report follows the Global Reporting Initiative’s (GRI) G4 Sustainability Reporting Guidelines. The summary report is intended for all audiences and covers the most relevant content for stakeholders. The report appendix is designed as optional supplemental reading for those stakeholders interested in more detailed GRI indicator data on Kimco’s performance.

About Kimco Realty

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of March 31, 2017, the company owned interests in 517 U.S. shopping centers comprising 84 million square feet of leasable space across 34 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.

Contact:
David F. Bujnicki
1-866-831-4297
Senior Vice President
Investor Relations & Strategy

Source: Kimco Realty Corporation

Kimco Realty announces the appointment of Mary Hogan Preusse to its Board of Directors

NEW HYDE PARK, NEW YORK, 2017-Feb-06 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) today (February 03, 2017) announced that Mary Hogan Preusse, Managing Director and co-head of Americas Real Estate for APG Asset Management US, has been appointed to the company’s Board of Directors. Her term will begin immediately. With Ms. Hogan Preusse’s appointment, Kimco’s Board has expanded to include nine members.

Ms. Hogan Preusse has been an active participant in the REIT industry for over 25 years, nearly 17 of which have been at APG, which manages pension assets on behalf of approximately 4.5 million Dutch citizens. In her role at APG, where she was an early and active advocate for REITs, Ms. Hogan Preusse is responsible for managing all of the firm’s public real estate investments in North and South America, currently $13 billion in assets. She also serves on the Executive Board of APG Asset Management US.

“Mary is one of the most respected individuals in the REIT industry, and we are incredibly fortunate to have her join our Board of Directors,” said Milton Cooper, Executive Chairman. “Mary was instrumental in bringing Kimco public 25 years ago in her role at Merrill Lynch. Her appointment to our Board today brings our relationship full circle, and speaks to our great regard for her talent, experience and knowledge.”

“I am thrilled to welcome Mary to the Kimco Board, and I look forward to working with her,” said Conor Flynn, President and Chief Executive Officer. “Her passion for the industry is unmatched, and she brings a tremendous wealth of REIT experience, which will serve us well as we work towards our 2020 Vision and beyond.”

Prior to joining APG in 2000, Ms. Hogan Preusse spent eight years as a sell side analyst covering the REIT sector, and began her career at Merrill Lynch as an investment banking analyst. In 2015, she was the recipient of NAREIT’s E. Lawrence Miller Industry Achievement Award for her contributions to the REIT industry. She is also a member of the International Council of Shopping Centers, serves on the Investor Advisory Council for NAREIT, and is a member of the Real Estate Advisory Board for the Carey Business School at Johns Hopkins University. Ms. Hogan Preusse graduated from Bowdoin College in Brunswick, Maine with a degree in Mathematics and is a member of Bowdoin’s Board of Trustees.

About Kimco

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2016, the company owned interests in 524 U.S. shopping centers comprising 85 million square feet of leasable space across 34 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.

CONTACT:

David F. Bujnicki
Senior Vice President
Investor Relations and Strategy Kimco Realty Corp.
1-866-831-4297
dbujnicki@kimcorealty.com

Source: Kimco Realty Corp.

Kimco’s sustainability initiatives recognized by Global Real Estate Sustainability Benchmark and Dow Jones Sustainability North America Index

NEW HYDE PARK, N.Y., 2016-Sep-09 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM) is pleased to announce that it has achieved the “Green Star” designation from the Global Real Estate Sustainability Benchmark (GRESB) for the third consecutive year. In addition, the company was named for the second consecutive year to the Dow Jones Sustainability North America Index (DJSI), and remains the only retail owner recognized on the Index. These distinctions highlight the company’s commitment to sustainability and corporate citizenship, and its desire to lead by example in the areas of environmental, social and governance performance.

The “Green Star” is GRESB’s highest designation, and Kimco’s 2016 GRESB survey score places the company first among its U.S. open-air peers. Founded in 2011, GRESB is considered the real estate sector’s roadmap to high sustainability performance and low carbon emissions. Its annual survey is the leading global forum for real estate companies seeking to voluntarily disclose sustainability performance. Kimco has participated since the survey’s inception, with 2016 marking the company’s fifth consecutive year of aggregate score improvement.

The Dow Jones Sustainability Index assessment process involves the evaluation of more than 3,400 of the world’s largest companies each year and is considered a leading authority for investors tracking the financial performance of corporate sustainability leaders in their respective industries. This is the second year that Kimco has completed the DJSI assessment and also the company’s second consecutive year as the sole retail REIT selected for inclusion in the North America Index.

“It is our goal to make sustainability a calling card for Kimco, and I’m proud to say we are leading the charge,” said Conor Flynn, President and Chief Executive Officer at Kimco. “In the five short years since we launched our sustainability initiative in 2011, we have decreased same site energy consumption in our centers by over 15 percent – an impressive feat for a company of our size. Kimco continues to focus on improving communities across the country and encouraging innovation and efficiency in property operations – important components of our 2020 Vision that have led us to these two prestigious distinctions.”

This is not the first time Kimco’s sustainability initiatives have been recognized this year. The company was also named by Newsweek as a Top Green Company for 2016.

ABOUT KIMCO
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 June 30, 2016, the company owned interests in 537 U.S. shopping centers comprising 86 million square feet of leasable space across 36 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.

SAFE HARBOR STATEMENT
The statements in this news release state the company’s and management’s intentions, beliefs, expectations or projections of the future and are forward-looking statements. It is important to note that the company’s actual results could differ materially from those projected in such forward-looking statements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the company, (iv) the company’s ability to raise capital by selling its assets, (v) changes in governmental laws and regulations, (vi) the level and volatility of interest rates and foreign currency exchange rates and management’s ability to estimate the impact thereof, (vii) risks related to the company’s international operations, (viii) the availability of suitable acquisition and disposition opportunities, and risks related to acquisitions not performing in accordance with our expectations, (ix) valuation and risks related to the company’s joint venture and preferred equity investments, (x) valuation of marketable securities and other investments, (xi) increases in operating costs, (xii) changes in the dividend policy for the company’s common stock, (xiii) the reduction in the company’s income in the event of multiple lease terminations by tenants or a failure by multiple tenants to occupy their premises in a shopping center, (xiv) impairment charges and (xv) unanticipated changes in the company’s intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity. Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company’s SEC filings. Copies of each filing may be obtained from the company or the SEC.

The company refers you to the documents filed by the company from time to time with the SEC, specifically the section titled “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2015, as it may be updated or supplemented in the company’s Quarterly Reports on Form 10-Q and the company’s other filings filed with the SEC, which discuss these and other factors that could adversely affect the company’s results.

Contact:
David F. Bujnicki
1-866-831-4297
Senior Vice President
Investor Relations and Strategy
dbujnicki@kimcorealty.com

Source: Kimco Realty Corporation

Kimco Realty named to the prestigious Dow Jones Sustainability North America Index

Designation follows recent recognition from the Global Real Estate Sustainability Benchmark

NEW HYDE PARK, N.Y., 2015-9-16 — /EPR Retail News/ — Kimco Realty Corporation (NYSE: KIM) is pleased to announce that it has been named to the prestigious Dow Jones Sustainability North America Index (DJSI), effective September 21. The company is the only open-air shopping center REIT to be recognized in this index after it was selected among a peer group of global sustainability leaders based on its economic, environmental and social performance.

The DJSI assessment process involves the evaluation of more than 3,400 of the world’s largest companies each year and is considered a leading authority for investors tracking the financial performance of corporate sustainability leaders in their respective industries. This is the initial year that Kimco has completed the DJSI assessment and was selected for inclusion in its North America Index.

In addition, Kimco was awarded “Green Star” status for the second consecutive year by the Global Real Estate Sustainability Benchmark (GRESB), its highest designation for real estate portfolio owners demonstrating sustainability leadership. Kimco has participated in GRESB since its inception, increasing its aggregate score in each successive reporting cycle.

“Kimco’s continued investment in our corporate responsibility program is producing outstanding results, and we are honored to be recognized by both the DJSI and GRESB for our efforts,” said Conor Flynn, President and Chief Operating Officer at Kimco. “We are proud to be an industry leader in same-site energy, water, and emissions performance metrics as benchmarked by GRESB and look forward to further improving our performance in the years to come.”

About Kimco
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 June 30, 2015, the company owned interests in 727 shopping centers comprising 107 million square feet of leasable space across 39 states, Puerto Rico, Canada, and Chile. 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
Vice President, Investor Relations and Corporate Communications
1-866-831-4297
dbujnicki@kimcorealty.com

Kimco Realty expanded its highly regarded innovative incubator program Kimco Entrepreneurs Year Start (KEYS)

Kimco KEYS encourages entrepreneurs in the Northeast to unlock success

NEW HYDE PARK, N.Y., 2015-8-26— /EPR Retail News/ — Kimco Realty Corporation (NYSE: KIM) is pleased to announce that it has expanded its highly regarded Kimco Entrepreneurs Year Start (KEYS) program into Connecticut, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, and Rhode Island. KEYS is an innovative incubator program for aspiring entrepreneurs seeking to launch their first retail venture, service operation, or restaurant. The program places qualified applicants into Kimco shopping centers with one year of free rent and additional benefits.

KEYS was launched as a pilot program in California in 2012, and it has since expanded into a total of 19 states across the U.S. There are hundreds of small shops (2,500 square feet and under) available for KEYS participants, including pre-built restaurant spaces. Through KEYS, several retail entrepreneurs in the Western region have already been able to turn their passions into profitable businesses, and this expansion will give aspiring business owners in the Northeast equal opportunity to succeed with Kimco’s guidance.

“At Kimco, small shops are an integral part of our neighborhood and community shopping centers, adding diversity, value, and a local touch to our tenant mix,” said Conor Flynn, President and Chief Operating Officer at Kimco. “Providing operational and financial support through the critical start-up incubation years is part of our commitment to encourage small businesses, as well as women, minority and veteran-owned businesses, to open their doors and flourish.”

KEYS program participants benefit from:
• One year of free rent
• Affordable first year property charges to minimize initial overhead (standard triple net fees shall apply)
• Access to personal Kimco retail business counselors
• The flexibility of exercising a four-year lease option after the first year
• Access to shop space in established retail centers

Interested KEYS applicants are asked to provide a written business plan with specific goals and objectives, and demonstrate adequate funding for their venture. An endorsement, certificate, degree, or letter of completion from small business educational classes, NxLeveL, Small Business Development Center, or a college or university is also recommended.

Earlier this year, Kimco announced an alliance with NxLeveL Education Association to provide comprehensive 30-hour educational course programs for start-up entrepreneurs and prospective business owners interested in opening their first retail store, restaurant, or service operation. NxLeveL, the nation’s largest entrepreneurial training network, with more than 300,000 graduates and 8,000 certified instructors, offers a practical, hands-on approach to preparing and executing a business plan.

For more information on the Kimco KEYS program or to obtain an application, please visit www.KimcoKeys.com or call 1-888-668-1690.

About Kimco
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 June 30, 2015, the company owned interests in 727 shopping centers comprising 107 million square feet of leasable space across 39 states, Puerto Rico, Canada, and Chile. 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
Vice President, Investor Relations and Corporate Communications
1-866-831-4297
dbujnicki@kimcorealty.com