M&A Deal Summary

Kimco Realty Acquires Parkway Supercenter

On November 19, 2002, Kimco Realty acquired real estate company Parkway Supercenter

Acquisition Highlights
  • This is Kimco Realty’s 8th transaction in the Real Estate sector.
  • This is Kimco Realty’s 1st transaction in the United States.
  • This is Kimco Realty’s 1st transaction in Washington.

M&A Deal Summary

Date 2002-11-19
Target Parkway Supercenter
Sector Real Estate
Buyer(s) Kimco Realty
Deal Type Add-on Acquisition

Target

Parkway Supercenter

Washington, United States
Parkway Supercenter is a 467,701 square foot shopping center anchored by Best Buy, Marshalls, Michaels Stores, Ross Dress for Less and Old Navy.

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Buyer(S) 1

Buyer

Kimco Realty

Jericho, New York, United States

Category Company
Sector Real Estate
Employees717
Revenue 2.0B USD (2024)
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 8 of 39
Sector: Real Estate M&A 8 of 38
Type: Add-on Acquisition M&A Deals 1 of 19
State: Washington M&A 1 of 1
Country: United States M&A 1 of 29
Year: 2002 M&A 8 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-10 Tillicum Shopping Centre

Victoria, British Columbia, Canada

Tillicum Shopping Centre is a 412,000 square foot shopping centre anchored by Canada Safeway, London Drugs, Zellers, Winners and Famous Players, which is the only stadium seating theatre on Vancouver Island. Other national tenants include Petcetera, GNC, Stokes, Payless Shoesource, Kelsey's and Montana's. This recently renovated centre is currently 98.6% occupied.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-20 Wind Pointe Center

Illinois, United States

Wind Pointe Center, This shopping center consists of 272,416 square feet of gross leasable area that is 100 percent leased to 15 tenants including Kohl's, Hobby Lobby, Pier 1 Imports, and others.

Buy -