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Kimco Acquires Partner's Interest in Retail Property

BELLEVUE, WA—Marketplace at Factoria is a 510,000 square-foot center anchored by Wal-Mart, Target and Nordstrom Rack.

By David Phillips | Updated on May 20, 2013

BELLEVUE, WA—Kimco Realty Corp., owner and operator of the nation’s largest shopping center portfolio, has added the Marketplace at Factoria to its consolidated portfolio.

The company has acquired a majority of its joint venture partner’s ownership interest in this 510,000-square-foot shopping center based on a gross value of $130.75 million. Kimco previously held a 50% ownership interest in this property. This strategic acquisition furthers the company’s objectives of acquiring high quality shopping centers and streamlining its joint venture investments.

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