Conor Flynn Of Kimco Realty Acquires Two Shopping Centers From Daniel Katz Of KPR Centers For $109M
4017-4299 West Commercial Boulevard, 1175 South Federal Highway In Pompano Beach & 1175 Federal Highway
$109,000,000
Building Size
—
Asset Type
Retail
Closing
Jul 30, 2026
About this deal
AI
The transaction involved the sale of two shopping centers in Broward County, specifically located at 4017-4299 West Commercial Boulevard and 1115-1299 & 1175 Federal Highway. The retail properties are situated in the markets of Tamarac and Pompano Beach, Florida, and the deal was finalized for a total of $109,000,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $109,000,000
- Buyer: Conor Flynn - Kimco Realty
- Seller: Daniel Katz - KPR Centers
This transaction marks the largest commercial real estate deal recorded in Broward County. The acquired portfolio includes properties along West Commercial Boulevard and South Federal Highway, enhancing Kimco Realty’s retail presence in South Florida.
On the Map
$109,000,000
Retail
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Boulevard Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93