Kimco Realty Acquisition of Lantern Plaza

Great Neck, NY, United States

Lantern Plaza is a grocery-anchored open-air shopping center acquired by Kimco Realty as part of its strategic expansion in high-barrier, affluent suburban markets. The property features a diverse mix of national and regional retailers, essential service providers, and food and beverage tenants, catering to a dense, affluent local population. Located within a 15-minute drive of Kimco’s Jericho, NY headquarters, Lantern Plaza benefits from strong demographics and high daily traffic. The center is currently over 94% leased, positioning it as a stable, high-performing retail asset in Kimco’s portfolio.