Kimco Realty completed the acquisition of Stonebridge at Potomac Town Center for $172m.

Kimco Realty, an owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, completed the acquisition of Stonebridge at Potomac Town Center, a 96%-occupied, 504k sq. foot, grocery-anchored lifestyle center for $172m. "We’re excited to add Stonebridge at Potomac Town Center, a premiere grocery-anchored center situated in a high barrier-to-entry location with strong demographics, to our dynamic portfolio. This center boasts a robust growth profile that will complement and solidify Kimco’s position as the leading retail player in the suburban Washington D.C. market,” Ross Cooper, Kimco President and CIO.