Kimco and Weingarten Strategic Merger investor presentaton
MEANINGFUL NAV CREATION OPPORTUNITY
Weingarten's Largely De-Risked, Mixed-Use Development Projects Will Drive Earnings Growth and Value Creation
Project
Location
Cost Incurred to Date
Estimated Final Cost
Anchor Tenants
Retail
Multifamily
Leasing 2020 Status Update
Retail
Multifamily
KIMCO™
REALTY
West Alex
Alexandria, VA
$193M
$200M
Harris Teeter (Kroger)
127,000 SF
278 Units
82% signed with Harris Teeter
expected to open in 2021
46% signed as of 2/15/2021
Source: Company filings as of 12/31/2020.
Centro Arlington
Arlington, VA
$129M
$135M
Harris Teeter (Kroger)
72,000 SF (65,000 SF WRI Share)
366 Units
98% signed with Harris Teeter & some
shop space open
89% signed as of 2/15/2021
The Driscoll at River Oaks
Houston, TX
$122M
$150M
Kroger
11,000 SF
318 Units
Leasing activity has commenced
47% signed as of 2/15/2021
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