Already closed is the acquisition of Strawberry Hill Shopping Centre, a 330,000-sf unenclosed property located in Surrey, British Columbia. The facility is anchored by a 104,000-sf Home Depot, a 52,000-sf Cineplex theater and a 31,000-sf Winners discount-apparel chain location. The center is 99% occupied and has an additional 16,000 sf of expansion capability.

Expected to close within the next few days is the JV's purchase of Brentwood Village Shopping Centre, located in Calgary, Alberta. Another open-air complex, Brentwood Village is a 315,000-sf property anchored by a Safeway supermarket, a 46,000-sf Sears Whole Home and a 25,000-sf London Drugs. Other national tenants include Blockbuster Video, Pier 1 Imports, Bank of Montreal, Pennington's and Sleep Country Canada. The center is currently 97.2% occupied.

The Kimco-Riocan JV is also expected to close this week on a shopping center in Ottawa, Ontario. Lincoln Fields Mall is a 289,000-sf enclosed facility anchored by a 117,000 square foot Wal-Mart and a 42,000 square foot Loeb Glebe supermarket. Other national tenants include Moores Clothing for Men, Pharma Plus, A Buck or Two and Wendy's. The center is 99.5% occupied and has density to permit up to 10,000 additional square sf in out-lot space.