Kimco Realty has purchased an Orlando shopping center that attracts millions of people per year for $322 million.
The real estate investment trust said in a statement that the deal includes the assumption of a $164 million mortgage.
The asset, called Waterford Lakes Town Center, measures 976,000 square feet and sits on 79 acres. The West University submarket location commands an occupancy rate of about 99 percent, featuring major retailers such as Target, Panera Bread, Best Buy, Tiger Woods' PopStroke Sephora, TJ Maxx, Ross Dress for Less, Bath & Body Works, Lululemon, Nike, Shake Shack, and Warby Parker.
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