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REEF PLAZA SOLD FOR $11.2 MILLION

REEF PLAZA SOLD FOR $11.2 MILLION

Fort Lauderdale, FL – February 28, 2012 – (RealEstateRama) — CBRE announced today the sale of Reef Plaza, a 112,500-square-foot shopping center, to Dacar Management, LLC for $11.2 million. CBRE represented Kimco Realty Corp., a real estate investment trust (REIT) that owns and operates North America’s largest portfolio of neighborhood and community shopping centers, in the sale of Reef Plaza. David Donnellan and Todd Weintraub of CBRE’s Private Capital Group partnered with Dennis Carson of the National Retail Investment Group to provide exclusive representation to Kimco in the transaction.