KIMCO SELLS SHOPPING CENTER FOR $13.65M

KISSIMMEE, FLA. — Kimco Realty Corp. has sold the 120,699-square-foot Vine Street Square, a shopping center located at the intersection of U.S. 192 and Dyer Boulevard in Kissimmee, to Phillips Edison — ARC Shopping Center REIT for $13.65 million. The property is 97.6 percent leased to tenants that include Walmart Neighborhood Market, Office Max, Dollar Tree, Humana and Outback Steakhouse. Jim Michalak and Paul Bores of Plaza Advisors represented the seller in the transaction.