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Kimco Realty Corp. has purchased Waterford Lakes Town Center, a 976,000-square-foot grocery-anchored lifestyle center in Orlando, Fla., for $322 million. Washington Prime Group sold the signature asset, according to CommercialEdge data.

The new owner will take on the responsibility of a $164 million mortgage. CommercialEdge data shows that back in 2019, WPG secured a $180 million CMBS loan originated by Bank of America through Wells Fargo Bank, with a 10-year term and a fixed interest rate of 4.86 percent.