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Kimco to buy 24 New England properties for $270 million
New Hyde Park, N.Y. — Kimco Realty Corp. has announced a purchase and sale agreement to acquire a 24-property retail portfolio in New England for $270 million, which includes the assumption of $121.5 million of mortgage debt.
The 1.4-million-sq.-ft. portfolio is 96% occupied. It includes 17 properties in the Boston metropolitan market. Anchor tenants include Whole Foods, Trader Joe’s, Lowes, Kohl’s, Petco, Pier 1 Imports, Aldi Supermarket, CVS and Walgreens.
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Walmart exec Graen joins Crossmark
Mike Graen has left his position as director of innovations and supplier collaboration at Walmart to assume a new role with leading merchandising and marketing services company Crossmark.
Grain will serve as managing director of the Crossmark Center for Collaboration currently under construction adjacent to Walmart’s headquarters on Southwest 8th Street in Bentonville, Ar.