Kimco Realty has acquired two Broward County shopping centers from KPR Centers for a combined $109 million, marking South Florida’s largest recorded commercial real estate transaction highlighted in the July 30 deal data. The properties span major corridors in Fort Lauderdale and Pompano Beach, strengthening Kimco’s retail presence in the region.
Key takeaways
- Kimco Realty purchased two shopping centers for a combined $109 million.
- The seller was KPR Centers.
- The properties are located on West Commercial Boulevard and South Federal Highway.
- The transaction ranked as the most expensive commercial deal recorded in the South Florida roundup.
The acquisition gives Kimco control of retail properties along two prominent Broward County commercial routes. The reported price places the transaction well above several other major commercial deals recorded in the same period.
Properties span two Broward County corridors
The first shopping center is located at 4017-4299 West Commercial Boulevard. The second includes properties at 1115-1299 and 1175 South Federal Highway in Pompano Beach.
Together, the assets represent a sizable retail portfolio assembled across neighboring Broward County markets. The source data did not disclose the centers’ tenant rosters, occupancy rates, financing structure or individual purchase prices.
Kimco expands its South Florida footprint
The purchase is consistent with Kimco Realty’s focus on grocery-anchored and community-oriented shopping centers in major U.S. metropolitan areas. The company’s acquisition of multiple Broward County properties provides additional scale in a dense and highly developed South Florida market.
The transaction also underscores the continued value of well-located retail assets, particularly those positioned along established transportation and commercial corridors. However, further details will be needed to assess the properties’ operating performance and long-term contribution to Kimco’s portfolio.
Deal leads a busy South Florida commercial market
The $109 million acquisition topped other commercial transactions highlighted in the regional roundup. A Coconut Creek industrial complex sold for $99 million, while a Miami airport-area hotel changed hands for $23.5 million.
Other reported deals included a Coral Springs commercial property purchased for $5 million. The range of transactions illustrates the diversity of South Florida’s commercial market, from retail and industrial properties to hospitality and office-related assets.
Kimco’s Broward County purchase stood out because of its size and the combination of two shopping centers in a single transaction.
Sources
- South Florida Top Real Estate Deals: July 30, 2026, The Real Deal.