Daniel Katz Acquires $180M Retail Portfolio From Conor C. Flynn In Multi-State Deal

The retail portfolio involved in the transaction spans across multiple states, with properties located at 3001 Northwest Federal Highway, 2400-2600 Northwest Federal Highway, 919 Lakeland Park Center Drive, 3945 US Highway 98 North; 6702 West Greenfield Avenue, 3105 Golf Road; 15287 Manchester Road & 3200 Laclede Station Road. Anchored by renowned national retailers like Dick’s Sporting Goods and The Fresh Market, the portfolio comprises a total of 1.5 million square feet.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $180,000,000
• Buyer: Daniel Katz - KPR Centers
• Seller: Conor C. Flynn - Kimco Realty Corp
• Address: Properties in Jensen Beach, Stuart & Lakeland, FL; West Allis & Delafield, Wisconsin; Ballwin & Maplewood, Missouri
• Price per Square Foot: $120

KPR Centers, led by Daniel Katz, successfully acquired the $180 million retail portfolio encompassing eight properties from Kimco Realty Corp. Conor C. Flynn, representing Kimco Realty Corp, facilitated the transaction which was part of Kimco's significant $2 billion acquisition of RPT Realty earlier in the year.