M&A Deal Summary

Kimco Realty Acquires Wilton Campus Shops

On August 7, 2012, Kimco Realty acquired real estate company Wilton Campus Shops from Kleban Properties for 40M USD

Acquisition Highlights
  • This is Kimco Realty’s 26th transaction in the Real Estate sector.
  • This is Kimco Realty’s 16th largest (disclosed) transaction.
  • This is Kimco Realty’s 16th transaction in the United States.
  • This is Kimco Realty’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2012-08-07
Target Wilton Campus Shops
Sector Real Estate
Buyer(s) Kimco Realty
Sellers(s) Kleban Properties
Deal Type Divestiture
Deal Value 40M USD

Target

Wilton Campus Shops

Fairfield County, Connecticut, United States
The shopping center is 98 percent occupied and is anchored by a 47,000-square-foot Stop & Shop, the dominant supermarket serving the community. The grocer is flanked on both sides by a diverse mix of more than 20 specialty shops and several restaurants.

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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 26 of 38
Sector (Real Estate) 26 of 37
Type (Divestiture) 1 of 1
State (Connecticut) 1 of 2
Country (United States) 16 of 28
Year (2012) 4 of 5
Size (of disclosed) 16 of 23
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-06 City Heights Retail Village

San Diego, California, United States

City Heights Retail Village is a 99.0 percent occupied, 109,000-square-foot grocery-anchored shopping center located in the densely populated community of City Heights, three miles northeast of downtown San Diego and two miles from San Diego State University’s main campus with its 35,000 students and faculty.

Buy $36M

Seller(S) 1

SELLER

Kleban Properties

Fairfield County, Connecticut, United States
Category Company
Founded 2006
Sector Real Estate
DESCRIPTION

Kleban Properties is a Connecticut-based real estate development company with holdings throughout the US East Coast including Vermont, South Carolina, Alabama, Louisiana and Florida. Kleban owns and manages its own portfolio including more than 10 Centers in Fairfield, CT, where its commitment to continued growth is strongest.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Divestiture) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-12 A Portfolio Of Properties In Fairfield

Fairfield, Connecticut, United States

A Portfolio Of Properties In Fairfield are Black Rock Shopping Center, Brick Walk, and Fairfield Center.Together, the three centers offer a cumulative 315,000 square feet of mixed-use space, with the retail components.

Buy -
Mergr

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