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Florida & Gulf Coast  + Florida  + Retail  | 

Kimco Pays $300M for Hollywood, FL Retail

Kimco Realty Corp. has paid Canada Pension Plan Investment Board for its remaining 45% ownership interest in the Oakwood Plaza Shopping Center and Dania Pointe development project in Hollywood, FL. The total paid was $299.2 million, including debt assumption.

Oakwood Plaza is a 900,000-square-foot, open-air center on Oakwood Boulevard, off Interstate 95. The 100%-leased property includes national tenants such as Home Depot, Marshalls, HomeGoods, Ross Stores, Michaels, PetSmart, BJ’s and Regal Cinemas.

Dania Pointe, at I-95 and Stirling Road, will be a mixed-use, ground-up development project that will include approximately 900,000 square feet of retail and restaurants, 1,000 luxury apartments, two hotels totaling 300 rooms, and two office towers.

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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

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