(Ian Ritter is national online editor for GlobeSt.com/RETAIL.)
NEW HYDE PARK, NY-Kimco Realty Trust has a development pipelineof $1.5 billion in North America. The locally based REIT isbuilding centers as well as making acquisitions, buying interestsin 110 properties for $1.1 billion during its last financialquarter.
The company's pipeline is being fueled, in part, by demand fromexpanding retail chains, says Milton Cooper, Kimco's chiefexecutive officer. "The demand for space continues," he said duringthe company's first-quarter earnings call. "The aggressiveretailers are expanding."
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