/

|

Kimco Realty Corp. has purchased The Markets at Town Center, a 254,000-square-foot retail center in Jacksonville, Fla., for $108 million. Big V Property Group sold the asset, according to CommercialEdge data. The property most recently traded in 2021, when Hines Interests sold it for $93 million.

This is the REIT’s first purchase under its Structured Investment Program. Initially, the company had extended $15 million in mezzanine financing for the asset, which was fully repaid following the latest transaction.