Kimco Realty Acquires Two Louisville Shopping Centers for $295 Million

• Kimco Realty acquired Paddock Shops and Shelbyville Road Plaza, two grocery-anchored shopping centers in Louisville, for $295 million.
• The low 6% blended going-in capitalization rate exceeds the approximately 5% average rate on 2026 dispositions by over 100 basis points.
• The leverage-neutral transaction was primarily funded with 1031 exchange proceeds from those dispositions.
• Net operating income is underwritten to grow approximately 4% annually over the next 10 years, supported by below-market leases and tenant changes.
• The acquisitions expand its Louisville portfolio to three grocery-anchored centers totaling 911,000 square feet.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kimco Realty Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611021748PRIMZONEFULLFEED9868667) on November 02, 2026, and is solely responsible for the information contained therein.