The median household income in our target markets is 14 percent higher than the U.S. average.
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We’re focusing our business on key U.S. markets, where population, income and growth prospects are highest.

F O C U S E D on Top Markets

Kimco’s strategy is to be where the consumers are. We’re rebalancing our portfolio so the vast majority of our shopping centers are in the most densely populated, highest-income areas of the U.S. – the places retailers value most.

By deepening our presence in top markets, we’ll improve our overall asset values, gain operating efficiencies, and increase occupancy and income – factors that produce greater wealth for our investors.
Wilton Campus Shops in Wilton, Conn., is a prime example of our quality trade-up. Acquired last year, the center is 97 percent occupied, commands rent of $30 per square foot, and is located in Connecticut’s affluent Gold Coast, an area which has an average household income of $241,000. In comparison, the properties we sold since Investor Day 2010 were, on average, 85 percent occupied, had rent of $8.75 per square foot, and average household income of $65,000. Early in 2013, Kimco acquired Wilton Executive Campus and Shoppes, a mixed-use center adjacent to Wilton Campus Shops, securing full ownership of the entire Wilton River Park development.
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Airport Plaza, Farmingdale, New York

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LaVerne Towne Center, Los Angeles, California

“Wilton is growing but still has a small-town feel, and this shopping center is central to keeping us a tight-knit community. With each trip to the Wilton Campus Shops, we have a chance to bump into neighbors and friends. I was pleased Kimco acquired the center, because I know they will continue to add to the high-quality shopping experience enjoyed by those of us who are proud to call Wilton home.” - Jane Melani, local shopper, Wilton Campus Shops