M&A Deal Summary

Kimco Realty Acquires Bell Camino

On January 23, 2012, Kimco Realty acquired real estate company Bell Camino

Acquisition Highlights
  • This is Kimco Realty’s 24th transaction in the Real Estate sector.
  • This is Kimco Realty’s 15th transaction in the United States.
  • This is Kimco Realty’s 1st transaction in Arizona.

M&A Deal Summary
Date 2012-01-23
Target Bell Camino
Sector Real Estate
Buyer(s) Kimco Realty
Deal Type Add-on Acquisition

Target

Bell Camino

Arizona, United States
Bell Camino is a 63,000-square-foot grocery-anchored shopping center approximately 15 miles northwest of Phoenix serving the established retirement community of Sun City with an estimated population of 87,000 within a 3-mile radius. The center is 95 percent leased, anchored by CVS, and shadow-anchored by Safeway.

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Buyer(S) 1

Buyer

Kimco Realty

Jericho, New York, United States
Category Company
Sector Real Estate
Employees660
Revenue 1.8B USD (2023)
DESCRIPTION

Kimco Realty is a real estate investment trust (REIT) that owns and operates North America's major publicly traded portfolio of neighborhood and community shopping centers. Kimco Realty is based in Jericho, New York.

DEAL STATS #
Overall 24 of 38
Sector (Real Estate) 24 of 37
Type (Add-on Acquisition) 12 of 19
State (Arizona) 1 of 1
Country (United States) 15 of 28
Year (2012) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-23 Woodbridge Shopping Center

Texas, United States

Woodbridge is a 97,000-square-foot unencumbered grocery-anchored shopping center that is 96 percent occupied. In addition to the Kroger grocer, the center offers a mix of restaurants,wellness, personal and professional services, as well as fuel and convenience shopping.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-21 Orleans Gardens Shopping Centre

Ontario, Canada

Orleans Gardens Shopping Centre 110,000-square-foot center is anchored by two Canadian retailers: a 49,000- square-foot Loblaws Supermarket, and an 11,000-square-foot Rexall Pharma Plus drugstore.

Buy CA$16M
Mergr

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