April 12, 2016
Kimco Realty Corp. has paid Canada Pension Plan Investment Board for its remaining 45% ownership interest in the Oakwood Plaza Shopping Center and Dania Pointe development project in Hollywood, FL. The total paid was $299.2 million, including debt assumption.
Oakwood Plaza is a 900,000-square-foot, open-air center on Oakwood Boulevard, off Interstate 95. The 100%-leased property includes national tenants such as Home Depot, Marshalls, HomeGoods, Ross Stores, Michaels, PetSmart, BJ’s and Regal Cinemas.
Dania Pointe, at I-95 and Stirling Road, will be a mixed-use, ground-up development project that will include approximately 900,000 square feet of retail and restaurants, 1,000 luxury apartments, two hotels totaling 300 rooms, and two office towers.