Long Island retail landlord Kimco Realty paid $39.7 million for a shopping center in affluent Wilton, Newsday.com reports.
The New Hyde Park, L.I., real estate trust purchased the 97,000 square-foot retail center — called Wilton Campus Shops — from Kleban Properties for $39.7 million. The deal also includes $20.9 million of mortgage debt.
The retail center is currently 98 percent occupied, with a Stop & Shop on nearly half of the property and more than 20 smaller stores and restaurants taking up the rest of the space.
