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Kimco closes on $81m ART buy.


Kimco Realty Corporation Kimco Realty Corporation, (NYSE: KIM), is a Real Estate Investment Trust, founded in 1960, by Martin Kimmell and Milton Cooper, with "Kimco" being a contraction of their names, Kimmell and Cooper.  announced the completion of the previously announced acquisition of Atlantic Realty Trust for $81.8 million.

Proskauer Rose Founded in 1875, Proskauer Rose, formerly known as Proskauer Rose Goetz & Mendelsohn, LLP, is one of the United States' largest and prestigious law firms, providing a wide variety of legal services to clients throughout the United States and around the world from offices in New  represented Atlantic Realty Trust in its acquisition by Kimco Realty Corporation. The Proskauer team included Peter Fass, Steven Lichtenfeld, Stuart Rosow, Stacey Moore and Richard Basuk with assistance from David Rodriguez David Rodriguez (born on January 1, 1952) is a folk music singer-songwriter, performer, and poet. Life and music
David Roland Rodriguez was born and raised in Houston, Texas.
.

Kimco Realty Corporation is a publicly traded real estate investment trust that has specialized in shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into  acquisitions, development and management for more than 45 years.

The Company owns and operates neighborhood and community shopping centers with interests in 1,048 properties comprising approximately 135.8 million square feet of leasable space located throughout 44 states, Canada, Mexico and Puerto Rico.
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Article Details
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Publication:Real Estate Weekly
Geographic Code:1USA
Date:Apr 12, 2006
Words:113
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