Kimco Realty paid $33.7 million for four plots of land near its tier-one shopping centers, expanding gross leasable area at centers in Florida, Maryland, New Jersey, New York and Virginia, the company said Monday. The company also purchased the remaining stake in Montgomery Plaza in Texas for $58.3 million.
Two retail centers in Dayton, Ohio, are among those that Glimcher Realty Trust has on the market as part of its plan to sell 13 shopping centers around the country. The REIT hopes to raise up to $300 million from the sale and use the proceeds to fund redevelopment.
Kimco Realty is selling a four-property shopping-center portfolio in Mexico to its local operating partner, Planigrupo, for $92 million. The properties are an aggregate 1.1 million square feet. The sale is expected to close in the fourth quarter.
Grubb & Ellis Healthcare REIT purchased several health care properties in Ohio, Colorado and Missouri in December after its merger with NNN Realty Advisors Inc. A three-building, multi-tenant office complex in Dayton, Ohio, was the largest of the deals.