Kimco acquires partner’s interest in Marketplace at Factoria Kimco Realty announced that it has added the Marketplace at Factoria in the suburban Seattle community of Bellevue, Wash. to its consolidated portfolio. The company has acquired a majority of its joint venture partner’s ownership interest in this 510,000-square-foot shopping center based on a gross value of $130.75M. Kimco previously held a 50% ownership interest in this property. Marketplace at Factoria is approximately 94.3%-occupied and anchored by several large national and regional retailers, the company said.
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