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KIMCO BUYS GROCERY-ANCHORED PORTFOLIO IN CLARK FOR $35.6M

CLARK, N.J. — Kimco Realty Corp. has purchased a 189,000-square-foot, grocery-anchored portfolio in Clark for $35.6 million. The fully occupied, three-property portfolio is located about eight miles southwest of Elizabeth and 22 miles southwest of New York City. The portfolio includes two long-term ground leases to national grocers — an 85,000-square-foot ShopRite and a 53,000-square-foot A&P Fresh Market. Other national tenants include Rite Aid and Bally Total Fitness. The properties are supported by approximately 155,000 residents with a median household income of $90,000 within three miles.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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