Kimco Realty Acquisition of Lantern Plaza

United States

Deal value: $48.5 million

Acquisition of Lantern Plaza, a 142,000 SF grocery-anchored shopping center in Orange County, CA, anchored by Ralphs and CVS.

Kimco Realty’s acquisition of Lantern Plaza is driven by its strategic focus on grocery-anchored shopping centers in high-barrier, affluent suburban markets. The investment leverages resilient consumer demand for essential goods, aiming to secure stable, long-term cash flows from anchor tenants like Ralphs and CVS. The timing reflects Kimco’s confidence in necessity-based retail, supported by strong leasing demand and improved tenant credit performance in 2025.