UPDATE: Kimco Completes Atlantic Realty Trust Acquisition

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NEW HYDE PARK, NY-Kimco Realty Corp. has completed its $81.8-million purchase of Atlantic Realty Trust. When the deal was originally announced last December, Kimco officials had estimated the cost would be $92.5 million.

The New York City-based Atlantic was a Maryland REIT formed for the purpose of liquidating its interests in real properties, its mortgage loan portfolio and certain other assets and liabilities which were transferred from Ramco-Gershenson Properties Trust. It owned one retail property, the Hylan Plaza Shopping Center in Staten Island.