(KIM) Kimco Realty Adds Santee Trolley Square

Kimco Realty Corp. (KIM) announced the addition of the Santee Trolley Square in suburban San Diego to its portfolio. Particularly, the company purchased a 50% ownership interest of its institutional partner in Santee Trolley Square for $98 million. A Premium Property Spanning 311,000-square-foot, this San Diego property is 98% occupied and is burdened with a $48.5 million mortgage. It houses several well known national retailers like The TJX Companies Inc. (TJX), Bed Bath & Beyond (BBBY), and Target Corp. (TGT). Its tenant list also includes industry leading restaurateurs such as Darden Restaurants Inc. (DRI), Starbucks Corporation (SBUX), Brinker International Inc. (EAT) and Chipotle Mexican Grill Inc. (CMG). Moreover, Santee Trolley Square offers locational advantage to Kimco as it is well connected to major roadways and Trolley lines. This premium shopping