(Ian Ritter is national online editor for GlobeSt.com/RETAIL.)

NEW HYDE PARK, NY-Kimco Realty Corp. has closed on the acquisition of 18 shopping centers and one mixed-use project from Crow Holdings for $920 million. The transaction is part of an overall deal valued at $2.2 billion in which GE Real Estate also acquired some Crow assets.

Kimco's recently-purchased properties comprise 3.6 million sf and are located in the Atlanta; Austin, TX; Dallas; Fort Lauderdale, FL; Los Angeles; Minneapolis; New York City; Portland, OR; and Washington, DC areas. Sixteen of the 18 assets will go into a joint venture with Prudential Real Estate Investors.

Kimco will have sole ownership of three properties, a center each in Atlanta and Dallas, and the mixed-use project, which is under construction in Fairfax, VA. The entire portfolio of assets are 98.5% leased.