NEW HYDE PARK, NY-Shortly after disposing of $215 million worth of shopping centers, New Hyde Park-based Kimco Realty Corp. closed on a new $400 million unsecured term loan, GlobeSt.com has confirmed with the Long Island retail REIT. The loan is scheduled to mature on April 17, 2014 with three additional one-year options to extend the maturity date at Kimco’s discretion to April 17, 2017, according to a statement from the company.

David F. Bujnicki, vice president of investor relations and corporate communications at Kimco, tells GlobeSt.com that the unsecured loan’s proceeds will be used toward “general corporate purposes,” which also includes the repayment of upcoming debt maturities.

“We do have the ability, if we want, to help us fund some other items, but there is nothing specific that it is indentified for,” he says, noting that the REIT also has a $1.75 billion unsecured resolving line of credit available for property acquisitions.