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Kimco completes Md. property revamp; Terreno buys Calif. industrial facility


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Kimco completes Md. property revamp; Terreno buys Calif. industrial facility

This feature rounds up recent property news from covered companies and highlights larger deal coverage already published.

* Kimco Realty Corp. completed the $18.1 million conversion of its Wilde Lake Village Center in Columbia, Md., into a mixed-use destination with 30,000 square feet of office, 41,000 square feet of retail and 20,000 square feet of restaurant space, as well as 230 residential rental units.

The company also signed three tenant leases at the property: Starbucks, which will open in the fall; Dynamic Dental Care LLC, which opened in December 2016; and Salons by JC, which will open in early fall.

* Terreno Realty Corp. paid roughly $7.1 million to buy an industrial distribution facility covering about 46,000 square feet on 2.6 acres at 1920 South Acacia Ave. in Compton, Calif. The one rear-load, single-tenant building offers five dock-high and one grade-level loading positions, as well as a 65-car parking space.

* Carter Validus Mission Critical REIT II Inc. ponied up more than $100 million to acquire data center and healthcare facilities in December 2016. The company paid $33.1 million for the four-story, 115,352-rentable-square-foot Chicago Data Center II building; roughly $19.2 million for a colocation data center in South Carolina; about $6.4 million for the three-story, 25,102-square-foot Corpus Christi Surgery Center in Texas; and $43.5 million for the four-story medical office building in Grand Rapids, Mich., known as the Grand Rapids Healthcare Facility.

* KB Home launched The Villas at Copperleaf community in South Aurora, Colo., where it plans to build 124 paired homes with five floor plan sizes ranging from 1,443 to 1,883 square feet.

Additional coverage

SL Green sells stakes in One Vanderbilt for $525M: SL Green and Hines will co-develop the 1.7 million-square-foot project in New York City, with construction expected to be complete in 2020.

Report: Forest City in talks to off-load remaining stake in NYC retail portfolio: The portfolio comprised 15 assets spanning 2.65 million square feet.