HFF closes sale of Peppertree Plaza in Fort Lauderdale, FL market

MIAMI, FL – HFF announced it has closed the sale of Peppertree Plaza, a 264,037-square-foot retail center in the Fort Lauderdale suburb of Margate.

                HFF marketed the property on behalf of the seller, Kimco Realty Corporation.

                Peppertree Plaza is located on 34.07 acres at 5400-5688 W. Sample Road in Margate, Florida, which is 15 miles north of Fort Lauderdale.

This location places the property between two of Central Broward County’s busiest streets, Sample Road and US-441/SR-7.

 Peppertree Plaza is currently 86.7 percent leased to tenants, including Winn-Dixie, Sam Ash Music, Office Depot, Golden Corral and Dollar Tree.

Daniel Finkle

                The HFF team representing the seller was led by senior managing director Daniel Finkle and managing director Luis Castillo.

“Peppertree Plaza’s proven tenancy, in-fill location and strong demographics made this a highly-desirable grocery-anchored retail center,” Finkle said.

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, New York, that owns and operates North America’s largest publicly traded portfolio of neighborhood and community shopping centers.

 As of March 31, 2014, the company owned interests in 835 shopping centers comprising 122 million square feet of leasable space across 42 states, Puerto Rico, Canada, Mexico and South America.

Luis Castillo

Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisition, development and management for more than 50 years.

 For further information, please visit kimcorealty.com, the company’s blog atblog.kimcorealty.com, or follow Kimco on Twitter at twitter.com/kimcorealty.

For a complete copy of the company’s news release, please contact:

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com