M&A Deal Summary

Kimco Realty Acquires Holmdel Town Center

On December 30, 2002, Kimco Realty acquired real estate company Holmdel Town Center

Acquisition Highlights
  • This is Kimco Realty’s 12th transaction in the Real Estate sector.
  • This is Kimco Realty’s 5th transaction in the United States.
  • This is Kimco Realty’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2002-12-30
Target Holmdel Town Center
Sector Real Estate
Buyer(s) Kimco Realty
Deal Type Add-on Acquisition

Target

Holmdel Town Center

Holmdel, New Jersey, United States
Holmdel Town Center is a 296,000 square foot shopping center,Major tenants in this shopping center include A&P, Marshalls, Petsmart, and Barnes & Noble. This property is 90.0 percent leased.

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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 12 of 38
Sector (Real Estate) 12 of 37
Type (Add-on Acquisition) 5 of 19
State (New Jersey) 1 of 1
Country (United States) 5 of 28
Year (2002) 12 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-24 Canyon Pointe

Nevada, United States

Canyon Pointe is a 157,000 square foot center anchored by Marshalls, Best Buy and Bed, Bath & Beyond. The site is currently 100 percent leased.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-12 Langley Power Centre

Langley, British Columbia, Canada

Langley Power Centre, is a 228,000 square foot unenclosed new format retail centre. Tenants of this 100% occupied centre include some of Canada's leading retailers, such as Winners, Michaels, Future Shop, Office Depot, Golf Town and Forzanis.

Buy $43M
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