M&A Deal Summary

Kimco Realty and PL Retail Acquire Price Legacy

On December 21, 2004, Kimco Realty and PL Retail acquired real estate company Price Legacy for 1.2B USD

Acquisition Highlights
  • This is Kimco Realty’s 15th and PL Retail’s 1st transaction in the Real Estate sector.
  • This is Kimco Realty’s 3rd and PL Retail’s largest (disclosed) transaction.
  • This is Kimco Realty’s 7th and PL Retail’s 1st transaction in the United States.
  • This is Kimco Realty’s 1st and PL Retail’s 1st transaction in California.

M&A Deal Summary
Date 2004-12-21
Target Price Legacy
Sector Real Estate
Buyer(s) Kimco Realty
PL Retail
Deal Type Add-on Acquisition
Deal Value 1.2B USD

Target

Price Legacy

San Diego, California, United States
Price Legacy Corp.operates as a real estate investment trust (REIT). Company engages in the operation, acquisition, sale, and development of real estate properties, primarily open-air shopping centers in the United States.

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Buyer(S) 2

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 15 of 38
Sector (Real Estate) 15 of 37
Type (Add-on Acquisition) 7 of 19
State (California) 1 of 6
Country (United States) 7 of 28
Year (2004) 1 of 1
Size (of disclosed) 3 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-01 Mid-Atlantic Realty Trust

Lutherville Timonium, Maryland, United States

Mid-Atlantic Realty Trust operates as a fully integrated and self-administered real estate investment trust (REIT).MART owns equity interests in 41 operating shopping centers, 36 of which are wholly owned and four of which are under redevelopment or expansion.

Buy $700M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-31 Atlantic Realty Trust

New York, New York, United States

Atlantic Realty Trust operated as a real estate investment trust. It owned a retail property, Hylan Plaza Shopping Center, located in Staten Island, New York.

Buy $82M
Buyer

PL Retail

United States
Category Company
Sector Real Estate
DESCRIPTION

PL Retail LLC, an entity comprising 21 shopping centers comprising approximately 5.2 million square feet of gross leasable area (GLA) are located in California.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
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