KIMCO ACQUIRES MARKETPLACE AT FACTORIA IN BELLEVUE

BELLEVUE, WASH. – The Marketplace at Factoria, a 510,000-square-foot shopping center in Bellevue, has sold to Kimco Realty Corp. The company had maintained a 50 percent ownership interest in this property before acquiring its joint venture partner’s ownership interest. The center is 94.3 percent leased to tenants like Walmart, Target, Nordstrom Rack, TJ Maxx, Petco, DSW Shoe Warehouse, Old Navy, Rite Aid and Safeway. The transaction was based on a gross value of $130.7 million.