Kimco Realty Corp. of New Hyde Park, NY has purchased the Wilton River Park, Executive Campus from Kleban Properties for $42 Million. The Wilton Executive Campus, located at 15 & 21 River Road, totals 187,000 S.F of retail/office space. Kimco Realty previously purchased Wilton Shopping Center located at 11 River Road from the same seller for $39.7 Million.
The Executive Campus, which contains 44,000 S.F. of retail space and a 143,000 S.F. former home to Nabisco research center (now divided into office space) is now currently 98% occupied. The Shopping center is anchored by a 47,000 S.F. Stop and Shop and flanked by a mix of more than 20 specialty shops and restaurants.