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Kimco Acquires Eight Long Island Shopping Centers for $376 Million

REIT Has $301 Million in Cash From Albertsons Stock Sale
Kimco Realty's newly acquired portfolio includes the Woodbury Common shopping center on Long Island. (CoStar)
Kimco Realty's newly acquired portfolio includes the Woodbury Common shopping center on Long Island. (CoStar)
CoStar News
November 10, 2022 | 10:32 P.M.

Retail landlord Kimco Realty, flush with cash after selling part of its stake in the Albertsons Cos. supermarket chain, is acquiring a portfolio of eight Long Island shopping centers for $375.8 million from Kabro Associates.

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