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Shopping center owner Kimco Realty bulks up with $3.87 billion Weingarten deal


By Reuters Staff
2 Min Read
(Reuters) -Shopping center owner Kimco Realty Corp said on Thursday it would buy rival Weingarten Realty Investors for about $3.87 billion, adding heft to its business just as more parts of the U.S. economy reopen with the rollout of COVID-19 vaccines.
The deal will create a company with 559 open-air grocery-focused shopping centers one of the better performing parts of the commercial real estate sector during the pandemic as people rushed to stores to stock up on essential items.
The company’s tenants will include Kroger, Whole Foods and Walmart Inc, as well as discount retailers such as TJX Cos Inc, Ross Stores Inc and Burlington Stores Inc. ....

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Shopping center owner Kimco Realty buys rival Weingarten in $3.87 billion deal


By Reuters Staff
2 Min Read
(Reuters) -Shopping center owner Kimco Realty Corp said on Thursday it would buy rival Weingarten Realty Investors for about $3.87 billion, adding heft to its business just as more parts of the U.S. economy reopen with the rollout of COVID-19 vaccines.
The deal will create a company with 559 open-air grocery-focused shopping centers one of the better performing parts of the commercial real estate sector during the pandemic as people rushed to stores to stock up on essential items.
The company’s tenants will include Kroger, Whole Foods and Walmart Inc, as well as discount retailers such as TJX Cos Inc, Ross Stores Inc and Burlington Stores Inc. ....

Shreyasee Raj , Aditya Soni , Uday Sampath , Thomson Reuters Trust Principles , Ross Stores Inc , Kimco Realty Corp , Burlington Stores Inc , Weingarten Realty Investors , Cos Inc , Whole Foods , Walmart Inc , Burlington Stores , Thomson Reuters Trust , Kim Co , Corporate Events , Content Produced In Bangalore , Company News , Mergers Acquisitions Takeovers , North America , Real Estate Markets , Commercial Reits Trbc Level 4 , Retail Reits Trbc Level 5 , Reuters Top News , United States , ஊடாய் சம்பத் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் ,

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