Kimco Realty Corp. (NYSE: KIM) today announced that this month it added two properties in the Southwest to its portfolio of neighborhood and community shopping centers. The company purchased Woodbridge Shopping Center in Sugar Land, Texas, (Houston-Sugar Land-Baytown MSA), and Bell Camino in Sun City, Ariz., (Phoenix-Mesa-Scottsdale MSA), for an aggregate price of $17.4 million, including $4.2 million of mortgage debt.

Woodbridge is a 97,000-square-foot unencumbered grocery-anchored shopping center that is 96 percent occupied. In addition to the Kroger grocer, the center offers a mix of restaurants, wellness, personal and professional services, as well as fuel and convenience shopping. Woodbridge is located 23 miles southwest of Houston in a desirable single-family community with an estimated population of 100,000 within a 3-mile radius, and an average household income of approximately $89,000. Bell Camino is a 63,000-square-foot grocery-anchored shopping center approximately 15 miles northwest of Phoenix serving the established retirement community of Sun City with an estimated population of 87,000 within a 3-mile radius. The center is 95 percent leased, anchored by CVS, and shadow-anchored by Safeway.

ABOUT KIMCO

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that owns and operates North America's largest portfolio of neighborhood and community shopping centers. As of Sept. 30, 2011, the company owned interests in 940 shopping centers comprising 138 million square feet of leasable space across 44 states, Puerto Rico, Canada, Mexico and South America. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, visit the company's web site www.kimcorealty.com or our blog at blog.kimcorealty.com.

Kimco Realty Corp.
David F. Bujnicki, 1-866-831-4297
Senior Director, Investor Relations
dbujnicki@kimcorealty.com