Kimco Realty Sells Shoppes of Sherbrooke for $10.5M

Cole REIT Advisors III LLC, a real estate investment trust based in Phoenix, Arizona, acquired the Shoppes of Sherbrooke at 8918-8954 Lantana Rd. in Lake Worth, FL for $ 10.5 million, or approximately $ 132 per square foot. The 79,468-square-foot retail building was built in 2004 and
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Real Money: Kimco, Vornado, American Capital Each Pull in $1 Bil. or More

Kimco Realty Corp. in New Hyde Park, NY, closed on a $ 1.75 billion unsecured revolving credit facility replacing both the company’s $ 1.5 billion unsecured U.S. credit facility and a $ 250 million Canadian credit facility. The new facility, which can be increased to $ 2.25 bill
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