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February 18, 2009
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Lucescu Realty Selects a Buyer for Wal-Mart at Broadway Plaza, located in Chula Vista, California, on behalf of Kimco Realty Corporation.

February 18, 2009. Newport Beach, CA

Lucescu Realty, a market leading investment real estate brokerage firm, announced today the selection of a Buyer for Wal-Mart at Broadway Plaza, Chula Vista, CA. The Property is an approximate 154,000 square foot portion of a 356,335 square foot Community Shopping Center anchored by Wal-Mart and Costco (Not a part of Offering). The Property is located seven miles south of Downtown San Diego at the Northwest corner of Broadway and Oxford Street. The Property was marketed for sale for 30 days and received 14 offers from the full spectrum of qualified Buyers.

The Seller of the Property is The Price REIT, a wholly-owned subsidiary of Kimco Realty Trust. Kimco Realty Trust is a publicly traded REIT, headquartered in New Hyde Park, New York, and owns and operates the nation's largest portfolio of neighborhood and community shopping centers. Kimco Realty owns interests in 1,950 properties across 45 states, Puerto Rico, Canada, Mexico and South America. The Buyer is a private investor, based in California, that is investing proceeds from a 1031 exchange.