Kimco Announces Buyout of The Markets at Town Center for $108M

Kimco Realty (KIM) recently acquired The Markets at Town Center in Jacksonville, FL, for $108 million. This premier asset of 254,000 square feet of space, is located in North Florida’s most sought-after shopping district.The acquisition strengthens this retail-based REIT’s footprint in the Jacksonville market, which includes six properties encompassing approximately 1.5 million square feet with a 98.6% occupancy rate as of Dec. 31, 2024.With an estimated 192,000 population and an average household income of ...