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 commences $186 million redevelopment of former Hylan Plaza shopping center on Staten Island into The Boulevard

Kimco commences $186 million redevelopment of former Hylan Plaza shopping center on Staten Island into The Boulevard

 

Anchors for the multi-level, open-air center include ShopRite, Alamo Drafthouse, Marshalls, Ulta, PetSmart, LA Fitness and more

NEW HYDE PARK, N.Y., 2017-Nov-08 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM) has commenced construction on The Boulevard, the company’s dramatic $186 million redevelopment of the former Hylan Plaza shopping center on Staten Island, New York. The dynamic retailer lineup for this grocery-anchored Kimco Signature Series redevelopment includes best-in-class brands such as ShopRite, Alamo Drafthouse, Marshalls, Ulta, PetSmart and LA Fitness. The 460,000-square-foot open-air center, which will feature a multi-level “main street” format, is scheduled to open in early 2020.

“The Boulevard is 80 percent preleased as construction begins, demonstrating the solid demand we continue to see in the marketplace, particularly from necessity, discount, health and beauty, and entertainment concepts, which we consider to be in the sweet spot of retail,” stated David Jamieson, Executive Vice President and Chief Operating Officer at Kimco. “With a full roster of thriving national and regional brands already committed, it’s evident that investing in our portfolio through redevelopment is a clear path to organic growth and value creation for our shareholders.”

Hylan Plaza’s transformation into The Boulevard will result in a newly-constructed, multi-story center with a “town square” feel, where ground-level retail shops and restaurants face a main street plaza with sidewalks and outdoor dining. The second level accommodates larger anchor tenants and entertainment attractions, with multiple access points providing connectivity across the two levels.

Regional grocer ShopRite will headline the redevelopment, moving from a nearby location into a 68,000-square-foot space at The Boulevard. Alamo Drafthouse, well known for its outstanding food and beverage service brought to the theater seats, will open a 46,000-square-foot cinema, its first location in the Staten Island borough. Marshalls, Ulta, PetSmart and LA Fitness are expanding their presence in the Staten Island market with new locations at The Boulevard.

The project sits along Hylan Boulevard, a major commercial corridor that sees close to 50,000 cars per day, and is easily accessible from all parts of the island. The densely populated Staten Island is New York City’s wealthiest outer borough, and the site boasts excellent demographics, with a three-mile population of 156,000 and an average household income of $97,000. The Boulevard comes on the heels of Kimco’s successful completion of three additional redevelopment projects on Staten Island, where the company owns five properties totaling approximately 1 million square feet, making it one of the borough’s largest retail landlords. Since 2013, Kimco has invested in the transformation of over 560,000 square feet of retail on the island with additional phases underway, consistent with its 2020 Vision strategy to create value through the redevelopment and densification of its existing portfolio, clustered around major metropolitan markets.

“The Boulevard will bring a host of benefits to the people of Staten Island,” said Josh Weinkranz, President, Northeast Region at Kimco. “Along with renewed economic activity and jobs, both construction and permanent, we’re providing this community with new and exciting retail and entertainment options, and a shopping and dining experience unlike any other on the island.”

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: Nearly All Houston-Area Locations Resume Operations

Nearly All Houston-Area Locations Resume Operations

New Hyde Park, NY, 2017-Sep-06 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) today announced that nearly all the company’s 17 Houston-area assets have restarted operations, including the recently opened Grand Parkway Marketplace development.

The company also announced that it has pledged to match its employees’ donations to the American Red Cross for Harvey relief.

“While we are fortunate that our team members in Houston are safe and our centers are intact, we are acutely aware that there are those who are in dire need of assistance,” said Conor Flynn, Kimco’s Chief Executive Officer. “Kimco is committed to supporting the communities in which we operate.”

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 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.

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: Cinépolis USA to bring its Luxury Cinema concept to Kentlands Market Square in Gaithersburg, Maryland

Kimco: Cinépolis USA to bring its Luxury Cinema concept to Kentlands Market Square in Gaithersburg, Maryland

 

The arrival of this luxury cinema kicks off a full-scale redevelopment of the Maryland open-air shopping center

NEW HYDE PARK, N.Y., 2017-Jul-21 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) announced that it has signed a lease with Cinépolis USA, a leading world-class cinema exhibitor, to bring their Luxury Cinema concept to Kentlands Market Square in Gaithersburg, Maryland. This announcement marks the first stage in a comprehensive redevelopment of the 250,000-square-foot center which will result in a walkable, mixed-use destination with a wide array of shopping, dining and entertainment options.

“With Cinépolis USA, we’re bringing the very best in entertainment to the residents of Gaithersburg,” said Tom Simmons, President of Kimco’s Mid-Atlantic Region. “We consider this the first step in transforming Kentlands Market Square into the vibrant town center that it was always intended to be.”

Kentlands Market Square is a Whole Foods-anchored, open-air center in an affluent master-planned community in a northwest suburb of Washington D.C. Kimco acquired the center in 2016 in large part because of the asset’s prime redevelopment potential. The company’s planned multi-year project will include renovated facades, improved pedestrian access and signage, as well as upgraded lighting and landscaping, in addition to increased density. The project’s focal point will be the revitalization of Market Street, the center’s “main street,” including the creation of a new “paseo” lined with cafes, boutiques and service offerings.

“The redevelopment of Kentlands Market Square is a prime example of how retail will evolve to meet changing consumer needs,” said David Jamieson, Executive Vice President and Chief Operating Officer of Kimco Realty. “By bringing in a unique operator like Cinépolis USA, we’re elevating the experience at Kentlands and providing residents with much more than just a shopping trip. The addition of entertainment, dining and service offerings, along with top-performing retailers, is key to our redevelopment strategy and the execution of our 2020 Vision.”

Cinépolis Luxury Cinemas-Gaithersburg, anticipated to open in 2019, marks Cinépolis USA’s debut into Maryland and adds to the brand’s existing list of 16 movie houses in the U.S., six of which are Luxury Cinemas. The approximately 34,000-square-foot movie theater will hold 540 seats, and offer guests an exciting new movie-going experience with its fully-reclining leather seat auditoriums, cutting-edge sound and high-definition projection technology, an upscale lounge-style lobby space, gourmet meals and a curated selection of beer, wine and liquor, as well as its in-theater waiter service.

“Teaming with Kimco to be an entertainment anchor in Kentlands Market Square is a tremendous opportunity,” said Neil Baron, Vice President of Real Estate, Cinépolis USA. “The breadth of this project, coupled with the company’s exceptional background, marks an exciting move for the area of which we are thrilled to be a part. The redevelopment’s emphasis on building community and offering a wide series of elevated experiences are brand pillars for Cinépolis USA. We look forward to introducing an unforgettable luxury experience to new film aficionados in the area.”

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 June 30, 2017, the company owned interests in 510 U.S. shopping centers comprising 84 million square feet of leasable space across 32 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.

About Cinépolis USA

Cinépolis USA is a leading world-class cinema exhibitor that offers guests enhanced movie-going experiences through its “Cinépolis Luxury Cinemas” and “Cinépolis” theater concepts, and newly debuted 4DX and kid-approved Cinépolis Junior auditoriums. The Dallas-based theater chain opened its first theater in Del Mar, CA in July 2011 and has some of the top performing theaters in the country, currently operating a total of 16 theaters with a presence in Southern California, Florida, New York, New Jersey and Connecticut. Additional theaters across the U.S. are planned to open in the next few years. Its México-based parent company, Cinépolis, is the fourth largest movie theater exhibitor in the world. For more information about Cinépolis USA, please visit www.cinepolisusa.com, or follow on Facebook at www.facebook.com/CinepolisUSA, Instagram at @CinepolisUSA or Twitter at www.twitter.com/CinepolisUSA.

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

Source: Kimco Realty Corporation

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Kimco: Target to open at Westmont Plaza in Haddon Township, New Jersey in July 2018

The addition of the brand’s small-format concept will spark a transformative repositioning of this New Jersey shopping center

NEW HYDE PARK, N.Y., 2017-Jul-15 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) announced that it has signed a lease with Target for a 48,000-square-foot, small-format store at Westmont Plaza in Haddon Township, New Jersey, set to open in July 2018. The addition of Target is the first step in a larger repositioning of the 173,000-square-foot, open-air center.

“The addition of Target opens the door for some exciting changes that will significantly enhance the retail and service offerings available in Haddon Township,” said David Jamieson, Executive Vice President and Chief Operating Officer of Kimco Realty. “Quality attracts quality, and we’ve seen that time and time again across our portfolio as we redevelop assets and execute on our 2020 Vision. Residents can look forward to additional changes in the near future, with Target setting the tone for Westmont Plaza’s revitalization.”

The Westmont Target, which is the brand’s third small-format store in the state of New Jersey, will provide residents with a quick-trip shopping experience featuring Target’s curated assortment of apparel and accessories, grocery and grab-and-go items, beauty products, electronics, toys, and more. The store will also offer a CVS Pharmacy and Target’s Order Pickup service for added convenience.

“We’re thrilled to bring the convenience of Target and its robust assortment of offerings to the residents of Haddon Township,” said Tom Simmons, President of Kimco’s Mid-Atlantic Region. “This addition is the perfect fit for the community, and we look forward to providing more best-in-class brands that will transform the shopping experience at Westmont Plaza.”

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 June 30, 2017, the company owned interests in 510 U.S. shopping centers comprising 84 million square feet of leasable space across 32 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:
Jennifer Maisch
516-869-7224
Director, Corporate Communications
jmaisch@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 to assist The SCORE Foundation in the creation of educational services for retail entrepreneurs

NEW HYDE PARK, N.Y., 2017-Feb-15 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM) today (2/13/2017) announced that it has sponsored The SCORE Foundation in the development by SCORE of new educational services focused specifically on entrepreneurs who are starting, operating or managing small businesses in the brick-and-mortar retail, service or restaurant industries. The program and sponsorship align with Kimco’s goals to support its small shop tenant base and to enrich local economies by helping to build and grow small businesses, including veteran, minority and women-owned retailers.

Under this alliance, Kimco will assist SCORE in the creation of educational services benefiting entrepreneurs in the retail, restaurant or service industries. Tenants and prospective tenants who wish to take advantage of the program will have access to a SCORE “concierge service” – a dedicated contact providing tenants an appropriate mentor based on their individual needs and access to SCORE training, counseling and other services that will be available through SCORE’s local chapters throughout the United States or through convenient web-based modules.

“Kimco is thrilled to be working with SCORE to assist small businesses not only in our portfolio, but across the country,” said David Jamieson, Kimco’s Executive Vice President, Asset Management and Operations. “Small shops are part of the fabric of our communities, and it’s vital to local economies that small businesses thrive. We are passionate about doing our part to help.”

“SCORE is teaming up with Kimco so more brick-and-mortar small business owners can have the help they need to find success,” added David Bobbitt, President of The SCORE Foundation and Vice President of Development at SCORE. “We know that small businesses counseled by SCORE mentors have a higher rate of surviving and, indeed, thriving. Brick-and-mortar small business owners face a changing marketplace, yet an experienced SCORE mentor can help them negotiate this new terrain with confidence.”

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.

ABOUT SCORE

Since 1964, SCORE has helped more than 10 million aspiring entrepreneurs. Each year, SCORE’s 10,000+ volunteer business experts provide 350,000+ free small business mentoring sessions, workshops and educational services to clients in 300+ chapters nationwide. In 2015, SCORE volunteers provided 2.2+ million hours to help create more than 45,000 jobs and 55,000 small businesses.

For more information about starting or operating a small business, call 1-800-634-0245 for the SCORE chapter nearest you. Visit SCORE at www.score.org. Follow @SCOREMentors on Facebook and Twitter.

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

Source: Kimco Realty Corp.

Kimco announces Starbucks, Dynamic Dental Care LLC and Salons by JC as new tenants at its Wilde Lake center in Columbia, Maryland

LEED-certified redevelopment sparks new community interest and investment

NEW HYDE PARK, N.Y., 2017-Jan-27 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM) announced today (1/26/2017) that it has signed three new leases, including Starbucks, at its Wilde Lake center in Columbia, Maryland, on the heels of a dramatic $18.1 million redevelopment which transformed the project into a mixed-use destination with 230 residential rental units, 30,000 square feet of office space, 41,000 square feet of retail, and 20,000 square feet of restaurants.

Starbucks is opening both a café and a drive thru in fall 2017. In addition to Starbucks, Kimco has signed leases with Dynamic Dental Care LLC, which opened December 2016; and Salons by JC, scheduled to open in early fall 2017 above David’s Natural Market.

“Kimco’s redevelopment has inspired a flurry of activity by existing tenants, enhancements to the Village’s swim center and water park amenity, construction of a new net-zero energy middle school, an expanding interfaith center, and new pedestrian and cycling pathways,” stated Kevin McAliley, Wilde Lake Village Board Chair. “Active home owners associations, involved neighborhood representatives and local leaders have noticed the new Wilde Lake center has created a movement toward improvements, renovations and investment throughout our village. We welcome Starbucks, Salons by JC, Dynamic Dental Care and the many new tenants and residents joining our vibrant and growing community.”

Wilde Lake Village Center is located in Columbia, Maryland, conveniently situated between Washington, D.C. and Baltimore on 7.4 acres. The redevelopment encompassed freshly-paved walking paths, outdoor seating areas, and community space. New landscaping throughout the center enhanced the existing vegetation, along with stamped concrete walkways and crosswalks, and impervious paver parking spaces. Wilde Lake is a LEED-certified project. As part of the redevelopment, existing grocer David’s Market expanded into a new, larger, and LEED-certified facility, featuring a contemporary interior floor plan with an interior/exterior café.

“These three tenants are a wonderful addition to the area,” said Tom Simmons, President, Mid-Atlantic Region at Kimco. “They are a direct result of our redevelopment of the shopping center to better reflect the current demographics of the area and improve the shopping experience. Starbucks was especially attracted by the residential component of the center, as it ensures a steady stream of foot traffic to their location. Whether it’s a resident of Wilde Lake Village Center or a visiting customer, we have a range of high-quality services, retailers, and dining options for everyone.”

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 September 30, 2016, the company owned interests in 534 U.S. shopping centers comprising 86 million square feet of leasable space across 35 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:
Jennifer Maisch
Director, Corporate Communications
516-869-7224
jmaisch@kimcorealty.com

Source: Kimco Realty Corp.

RioCan completes 2nd phase of the purchase of Kimco’s interest in collection of 22 Canadian properties

TORONTO, ONTARIO and NEW HYDE PARK, NEW YORK, 2015-12-21 — /EPR Retail News/ — RioCan Real Estate Investment Trust (“RioCan”) (TSX:REI.UN) and Kimco Realty Corp. (“Kimco”) (NYSE:KIM) announce that RioCan has completed the second phase of the previously announced transaction to purchase Kimco’s interest in a collection of 22 Canadian properties selected by RioCan. The remaining three properties were acquired at a purchase price of $238 million, and RioCan assumed Kimco’s share of the existing in place debt of $104 million.

Additionally, in a separate transaction RioCan has acquired Kimco’s 50% interest in Tillicum Centre, a 468,533 square foot shopping centre inVictoria, BC at a net purchase price of $58.9 million (at a 50% interest) along with possible future consideration to Kimco based on additional potential residential density. In connection with the purchase, RioCan assumed Kimco’s interest in the in place mortgage financing of $32.5 million(at a 50% interest) that carries an interest rate of 2.9% and matures in May 2018. RioCan estimates that the acquisition is expected to generate incremental NOI of approximately $3.6 million on an annualized basis.

Tillicum Centre is anchored by Save-On-Foods, Cineplex, London Drugs, and Winners. Lowe’s has assumed 120,000 square feet that was previously leased by Target Canada. Other national tenants at the centre include Old Navy, Dollar Tree, and Ardene. In addition, Tillicum Centre has municipal approval for the potential development of a multi-storey residential development/intensification at the site.

The partners continue to market for sale a second group of eight retail assets, which are in various stages of marketing. There remains a third group of three transitional properties that were previously occupied by Target, which will be dealt with at a future date.

About RioCan
RioCan is Canada’s largest real estate investment trust with a total enterprise value of approximately $15.1 billion as at September 30, 2015. It owns and manages Canada’s largest portfolio of shopping centres with ownership interests in a portfolio of 354 retail properties containing approximately 78 million square feet, including 49 retail properties containing 13 million square feet in the United States as at September 30, 2015. RioCan’s portfolio also includes 16 properties under development in Canada. For further information, please refer to RioCan’s website at www.riocan.com.

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 September 30, 2015, the company owned interests in 710 shopping centers comprising 105 million square feet of leasable space across 39 states, Puerto Rico, and Canada. Publicly traded on the NYSE since 1991, and included in the S&P500 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 Information:
RioCan Real Estate Investment Trust
Cynthia Devine
Executive Vice President,
Chief Financial Officer and Corporate Secretary
(647) 253-4973

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

SOURCE: RioCan

Kimco’s public offering: $500 million notes due 2022 at a coupon of 3.400% per annum with an effective yield of 3.510%

NEW HYDE PARK, N.Y., 2015-10-8 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM) today announced its public offering of $500 million notes due 2022 at a coupon of 3.400% per annum with an effective yield of 3.510%, maturing November 1, 2022. The offering is expected to settle on October 19, 2015, subject to customary closing conditions.

The company intends to use the net proceeds of approximately $493.0 million from the offering for general corporate purposes, including to (i) pre-fund near-term maturities, including one or more of the company’s (a) $150 million aggregate principal amount of 5.584% Senior Notes due November 2015, (b) $300 million aggregate principal amount of 5.783% Senior Notes due March 2016 and (c) $562.0 million of mortgage debt maturing during the remainder of 2015 and 2016 with a weighted average interest rate of 6.16% and (ii) partially reduce borrowings ($225 million as of June 30, 2015) under the company’s revolving credit facility maturing in March 2018 (subject to two six-month extension options), which borrowings bear interest at a rate of one-month LIBOR plus 0.925% (1.11% as of June 30, 2015).

Citigroup Global Markets Inc., RBC Capital Markets, LLC, Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC and UBS Securities LLC served as the joint book-running managers for this offering. J.P. Morgan Securities LLC and U.S. Bancorp Investments, Inc. served as the senior co-managers. Barclays Capital Inc., BNY Mellon Capital Markets, LLC, Deutsche Bank Securities Inc., PNC Capital Markets LLC, Regions Securities LLC, Scotia Capital (USA) Inc., SunTrust Robinson Humphrey, Inc. and TD Securities (USA) LLC served as the co-managers.

The offering was made pursuant to an effective shelf registration statement, prospectus and related prospectus supplement. Copies of the prospectus supplement and the base prospectus, when available, may be obtained by contacting Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Telephone: (800) 831-9146, RBC Capital Markets, LLC, Three World Financial Center, 200 Vesey Street, New York, NY 10281, Attn: Debt Capital Markets, telephone: (866) 375-6829, email: RBCNYFIXEDINCOMEPROSPECTUS@RBCCM.COM or Wells Fargo Securities, LLC, 608 2nd Avenue, South Minneapolis, MN 55402, Attention: WFS Customer Service, toll-free 1-800-645-3751, email: wfscustomerservice@wellsfargo.com. Investors may also obtain these documents for free by visiting EDGAR on the Securities and Exchange Commission’s website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

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.

SAFE HARBOR STATEMENT
The statements in this 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 that could 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, disposition, development and redevelopment opportunities, and risks related to acquisitions not performing in accordance with the company’s 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, including but not limited to the company’s Annual Report on Form 10-K for the year ended December 31, 2014 and any subsequent Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. 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 sections titled “Risk Factors” in the prospectus supplement and prospectus relating to the company’s 3.400% Notes due 2022 and in the company’s Annual Report on Form 10-K for the year ended December 31, 2014, as it may be updated or supplemented by subsequent Annual Reports on Form 10-K or Quarterly Reports on Form 10-Q filed with the SEC, which discuss these and other factors that could adversely affect the company’s results.

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

Source: Kimco Realty Corp.

RioCan and Kimco agree to unwind their Canadian joint venture

TORONTO, ONTARIO and NEW HYDE PARK, NEW YORK, 2015-9-28 — /EPR Retail News/ — RioCan Real Estate Investment Trust (“RioCan”) (TSX:REI.UN) and Kimco Realty Corp. (“Kimco”) (NYSE:KIM) announce that after fifteen successful years as partners, RioCan and Kimco have agreed to unwind their Canadian joint venture. The portfolio of 35 jointly owned properties (“RioKim Portfolio”) will be divided into three groups:

  • the first group is a collection of 22 properties selected by RioCan that will be acquired in two stages: 19 properties during the third quarter of 2015 and three properties in the first quarter of 2016;
  • the second group consists of ten institutional-quality retail assets which the partners have agreed to market for sale, one of which is currently under a conditional contract to be sold; and
  • the third group of assets includes three transitional properties that were previously occupied by Target, which will be dealt with at a future date.

In March 2015, RioCan acquired Kimco’s 50% interest in Grand Park and RioCan Leaside Centre in Toronto, Ontario, as well as Brentwood Village inCalgary, Alberta. The joint venture partners also completed the sale of Centres Jacques Cartier on July 31, 2015 at a sale price of $18 million ($9 million at RioCan’s interest). The property was sold free and clear of financing.

“The management team at RioCan is familiar with every aspect of the portfolio, as they have been providing leasing, asset, and property management duties for these properties since the inception of this very successful joint venture relationship that we have enjoyed with Kimco. It is an exceptionally rare opportunity to acquire a selection of properties from a portfolio of this scale that can be easily absorbed by the Trust,” saidEdward Sonshine, Chief Executive Officer of RioCan. “This acquisition improves RioCan’s Canadian portfolio by increasing the concentration of the Trust’s portfolio located in Canada’s six largest markets, most notably in the Greater Toronto Area.”

“Our long-standing relationship with RioCan has been excellent and this transaction allows both companies to pursue their own longer term strategic objectives,” said Dave Henry, Chief Executive Officer of Kimco. “This sale enables Kimco to continue simplifying its operations by reducing the number of properties in joint ventures, including those that we do not manage, and provides an important source of capital to fund redevelopment activities and further strengthen our balance sheet.”

Transaction Details

RioCan will acquire Kimco’s interest in a portfolio of 22 Canadian properties at a purchase price of $715 million. Under the terms of the transaction, RioCan will assume Kimco’s share of the existing in place debt, subject to conventional closing conditions, of $231 million, which carries an average interest rate of 4.1% with a weighted average term to maturity of approximately 3.5 years.

The initial closing of RioCan’s acquisition of Kimco’s interest in 19 properties is expected to occur by September 30, 2015 (subject to Competition Bureau approval) at a purchase price of $477 million. RioCan will assume Kimco’s share of the existing in place debt of $127 million, representing a cash commitment of approximately $350 million by RioCan. RioCan will fund its acquisition through a combination of internal resources and credit facilities. The remaining three properties will be acquired at a purchase price of $238 million. RioCan will assume Kimco’s share of the existing in place debt of $104 million. This phase of the transaction is expected to be completed in January 2016.

Properties to be acquired by RioCan

Property Name* City Province Square feet
(at Kimco’s
interest)
Total Site NLA
(incl. shadow
anchors)
RioCan Centre Grand Prairie Grande Prairie AB 31,707 63,413
Abbotsford Power Centre Abbotsford BC 110,573 459,892
Clearbrook Town Square Abbotsford BC 93,937 188,962
RioCan Langley Centre Langley BC 193,183 386,366
404 Town Centre Newmarket ON 133,933 267,866
Albion Centre Toronto ON 195,715 391,430
Clarkson Crossing Mississauga ON 107,186 214,372
Green Lane Centre Newmarket ON 57,161 417,716
Kendalwood Park Plaza Whitby ON 80,608 161,216
King George Square Belleville ON 35,993 71,986
Lincoln Fields Shopping Centre Ottawa ON 141,451 287,760
RioCan Centre Sudbury Sudbury ON 204,252 669,193
RioCan Marketplace Toronto Toronto ON 58,203 413,582
RioCan St. Laurent Ottawa ON 156,583 313,166
Shopper’s World Danforth Toronto ON 163,867 327,734
Viewmount Centre Ottawa ON 65,385 130,770
Walker Place Burlington ON 34,929 69,858
Place Greenfield Montreal QC 187,510 375,020
RioCan Gatineau Gatineau QC 150,004 300,008
PHASE II
RioCan Shawnessy Calgary AB 237,774 839,586
South Edmonton Common Edmonton AB 226,257 981,488
Strawberry Hill Shopping Centre Surrey BC 168,921 337,810
Total 22 Properties 2,835,132 7,669,194
* certain properties listed above are considered as multiple business units for accounting purposes, and therefore multiple properties for purposes of past disclosures.

RioCan Transaction Impact

The portfolio to be acquired will be immediately accretive, and upon completion of the second phase of the transaction the portfolio is expected to generate additional annualized net operating income of approximately $45 million and will require no additional resources by management. RioCan’s cash commitment of approximately $485 million needed to complete the transaction will be funded from a combination of internal resources and credit facilities.

Kimco Transaction Impact

The initial sale of its ownership interests in the 19 properties will result in approximately USD $220 million in cash proceeds, net of its pro-rata share of debt and the impact of currency and taxes.

Remaining Properties in the Joint Venture

RioCan and Kimco will seek to dispose of nine of the remaining thirteen co-owned properties, which total approximately 783,000 square feet, in the first half of 2016. These properties are in the early stages of being marketed and there is no assurance that a sale transaction will be completed. The remaining three properties will be dealt with at a future date.

Property Name* City Province Square feet
(at RioCan’s
interest)
Total Site NLA
(incl. shadow
anchors)
The Junction Mission BC 141,267 330,607
Parkwood Place Prince George BC 186,362 372,724
Peninsula Village Surrey BC 85,391 170,782
Tillicum Centre Victoria BC 235,937 471,874
Halifax Walmart Centre Halifax NS 68,909 137,818
Gates Of Fergus Fergus ON 52,983 105,966
Hawkesbury Centre Hawkesbury ON 36,233 72,466
Huron Heights London ON 43,640 87,280
Nortown Centre Chatham ON 35,712 71,424
RioCan Thickson Ridge Whitby ON 185,755 493,070
Charlottetown Mall Charlottetown PEI 165,630 331,260
Centre Regional Chateauguay** Chateauguay QC 100,151 200,302
Desserte Ouest Laval QC 58,074 116,148
Total 13 properties 1,396,044 2,961,721
* certain properties listed above are considered as multiple business units for accounting purposes, and therefore multiple properties for purposes of past disclosures.
** Centre Regional Chateauguay is currently under contract subject to conditions that have not yet been waived.

About RioCan
RioCan is Canada’s largest real estate investment trust with a total enterprise value of approximately $15.6 billion as at June 30, 2015. It owns and manages Canada’s largest portfolio of shopping centres with ownership interests in a portfolio of 353 retail properties containing approximately 79 million square feet, including 48 retail properties containing 13 million square feet in the United States as at June 30, 2015. RioCan’s portfolio also includes 15 properties under development in Canada. For further information, please refer to RioCan’s website at www.riocan.com.

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 theS&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years.

Forward-Looking Statements – RioCan
This news release contains forward-looking statements within the meaning of applicable securities laws. These statements include, but are not limited to, statements concerning our objectives, our strategies to achieve those objectives, as well as statements with respect to management’s beliefs, plans, estimates, and intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plans” or “continue”, or similar expressions suggesting future outcomes or events. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. All forward-looking statements in this News Release are qualified by these cautionary statements.

These forward-looking statements are not guarantees of future events or performance and, by their nature, are based on our estimates and assumptions, which are subject to risks and uncertainties, including those described under “Risks and Uncertainties” in RioCan’s latest financial statements and RioCan’s Management’s Discussion and Analysis for the period ended June 30, 2015, which could cause actual events or results described above to differ materially from the forward-looking statements contained herein. Those risks and uncertainties include, but are not limited to, RioCan’s future acquisition or disposition activities with its joint venture partners.

Material factors or assumptions that were applied in drawing a conclusion or making an estimate set out in the forward-looking information may include, but are not limited to: a stable retail environment; relatively low and stable interest costs; access to equity and debt capital markets to fund, at acceptable costs, the future growth program to enable the Trust to refinance debts as they mature; and the availability of purchase opportunities for growth in Canada and the US. Although the forward-looking information contained in this News Release is based upon what management believes are reasonable assumptions, there can be no assurance that actual results will be consistent with these forward-looking statements.

Except as required by applicable law, including compliance by RioCan of all obligations under securities laws, to the extent applicable, RioCan undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Forward-Looking Statements – Kimco
The statements in this 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 that could 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, disposition, development and redevelopment opportunities, and risks related to acquisitions not performing in accordance with the company’s 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, 2014, 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 Information:
RioCan Real Estate Investment Trust
Cynthia Devine
Executive Vice President, Chief Financial Officer
and Corporate Secretary
(647) 253-4973

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

Kimco CEO David B. Henry to retire on January 1, 2016; Conor C. Flynn to succeed

NEW HYDE PARK, New York, 2015-2-26 — /EPR Retail News/ — Kimco Realty Corporation (NYSE: KIM) today announced that David B. Henry will retire on January 1, 2016 as Vice Chairman of the Board of Directors and Chief Executive Officer. Conor C. Flynn, President and Chief Operating Officer, has been appointed to succeed Mr. Henry as Chief Executive Officer, effective on that date.

“This announced transition comes at a time of strength for Kimco given our well-positioned portfolio, deep management team and strong balance sheet. The selection of Conor to succeed Dave next year reflects our excellent talent base and internal succession planning process,” said Milton Cooper, Executive Chairman.

Mr. Cooper continued, “Dave’s contribution to Kimco has been enormous. In his 14 years at Kimco, he has been a trusted partner, mentor and friend. He has played a key leadership role in guiding our transformation over the last few years, which will serve as the foundation for Kimco’s continued success. The Board offers Dave our sincere thanks for his contributions to Kimco and its stakeholders. I wish him and his family much happiness in the future.”

Mr. Henry, who will turn 66 years old in 2015, said, “It’s been an honor and privilege to lead Kimco as Chief Executive Officer since November 2009. I am proud of our team’s many accomplishments and Kimco’s wonderful portfolio of properties. Conor is terrific, and I am confident that the company will continue to thrive under his leadership.” Upon his retirement, Mr. Henry will serve as a senior advisor to Kimco and provide consulting and advisory services to the company as requested from time to time.

Conor Flynn was appointed President of the company in August 2014 after previously being named Kimco’s Chief Operating Officer (May 2013) and, more recently, Chief Investment Officer (May 2014). Mr. Flynn will continue in these roles until January 1, 2016. In addition to the appointment of Mr. Flynn, Kimco announced the promotion of David Jamieson to Senior Vice President of Asset Management and Ross Cooper to Senior Vice President of Acquisitions.

In his current role, Mr. Flynn is responsible for overseeing the company’s shopping center business including the supervision of all regional personnel as well as guiding new investment decisions for the organization. Mr. Flynn joined Kimco in 2003 as an asset manager and has held a variety of senior leadership roles over the past 11 years, including President, Western Region. Mr. Flynn received a B.A. degree in Economics from Yale University and a Master’s degree in Real Estate Development from Columbia University.

“I have benefitted greatly from the close working relationship I have with Dave. He has been very helpful and I’m grateful for his continued support during this transition,” said Mr. Flynn. “Kimco is an admired industry leader and I am honored to lead this organization with a rich history of innovation, entrepreneurship and integrity. I am excited about our company’s future and look forward to working closely with the Board and our talented associates in further strengthening Kimco’s market position and driving long-term shareholder value.”

ABOUT KIMCO
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that owns and operates North America’s largest publicly traded portfolio of neighborhood and community shopping centers. As of December 31, 2014, the company owned interests in 754 shopping centers comprising 110 million square feet of leasable space across 39 states, Puerto Rico, Canada, Mexico 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.

###

CONTACT:
David F. Bujnicki
Vice President, Investor Relations and Corporate Communications
Kimco Realty Corp.
1-866-831-4297
dbujnicki@kimcorealty.com