Kimco sells 4 Mexican shopping centers

Continuing with strategy to exit Latin America, Kimco Realty (KIM) sells four retail properties in Mexico for a total of $82.1M, generating proceeds to the company of about $53.3M.

The four properties totaled 1.2M square feet and were developed between 2005-09.

Kimco is currently negotiating contracts for the sale of its remaining Latin American assets.

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