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Thursday, 15 February 2018

Los Angeles-Area Retail Center Trades for $123Mln

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Kimco Realty Corp. has paid $123 million, or about $157/sf, for the Whittwood Town Center in the Los Angeles suburb of Whittier, Calif.

The New Hyde Park, N.Y., REIT bought the 783,000-square-foot shopping center from a venture of DDR Corp. and Blackstone Group, which had acquired it in 2014 from American Realty Capital Properties Inc. as part of portfolio.

Kimco funded the acquisition by assuming a $43 million...

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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Los Angeles
  • States: California
  • Sector: Retail
  • Subject: Property Acquisitions (ACQ)
  • Company: Kimco Realty Corp.
  • Valuation: Between $100 million and $150 million
  • Private: Yes
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Dan Moynihan

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