ReportWire

Tag: Kimco Realty

  • Just Salad opens another LI location with more to come | Long Island Business News

    [ad_1]

    A new Just Salad eatery has opened in Massapequa Park, adding to the chain’s growing Long Island presence. 

    The 2,000-square-foot Just Salad is in the Southgate Shopping Center at 4962 Merrick Road. The space was formerly occupied by Supercuts. 

    The Massapequa Park Just Salad is the chain’s ninth on Long Island, following others in East Meadow, Plainview, Port Washington, Commack, Oceanside, Westbury, Huntington Station and Hauppauge. 

    Just Salad, which offers , wraps, and warm bowls, will also be opening two additional Long Island locations in the Sunset Plaza shopping center on Deer Park Avenue in North Babylon and at 1995 Nesconset Highway in Lake Grove later this year. 

    “Our opening in Massapequa Park plays a major role in Just Salad’s continued growth across Long Island, as we close in on double digit restaurant count within the area,” Jen Lally, Just Salad’s chief marketing officer, said in a company statement. “Just Salad is known for its approachable, flavor-packed meals featuring freshly-prepped produce, house-made dressings and high-quality ingredients, and we look forward to being part of the community’s movement towards prioritizing and sustainability.” 

    The Just Salad in Massapequa Park will be celebrating its opening by offering a week of special deals, including donating $1 to ReWild Long Island for every in-store purchase on Monday, Feb. 23. Customers at the new store can get a $5 salad, wrap, warm bowl or market plate on Tuesday, Feb. 24 and Wednesday, Feb. 25. Community workers can get a $5 meal on Thursday, Feb. 26, and from Friday, Feb. 27 through Sunday, March 1, customers who bring a Just Salad reusable bowl can get a $5 salad or warm bowl. 

    Founded in 2006, Just Salad now has more than 100 locations across New York, New Jersey, Connecticut, Florida, Illinois, Pennsylvania, Massachusetts and Washington D.C. 

    Eric Gillman and Adam Bass of represented Just Salad in Massapequa Park and in all of its Long Island lease transactions, while Rob Wachtler served as in-house representative for landlord in the Massapequa Park lease. 


    [ad_2]

    David Winzelberg

    Source link

  • Kimco Realty grows revenue and net income | Long Island Business News

    [ad_1]

    The Blueprint:
    • ‘s rose to $554.4 million in 2025 from $375.7 million in 2024.
    • increased to $1.2 billion, a 6.7% per share growth over 2024.
    • The company achieved 96.4% and leased 12.1 million square feet in 2025.
    • Kimco declared a 4% dividend increase to $0.26 per common share payable March 19, 2026.

    Jericho-based real estate investment trust Kimco Realty grew its net income and funds from operations last year, according to its latest earnings report. 

    Publicly traded Kimco, one of the largest owners and operators of grocery anchored shopping centers in the U.S., increased its net income to $554.4 million, or $0.82 per diluted share in 2025, compared to $375.7 million, or $0.55 per diluted share, for the full year 2024. 

    Kimco’s funds from operations (FFO) grew to $1.2 billion, or $1.76 per diluted share last year, compared to $1.1 billion, or $1.65 per diluted share, for the full year 2024, representing a 6.7% per share increase over the prior year. 

    “Kimco’s fourth quarter and full-year results, highlighted by FFO per diluted share growth of 6.7% for the full year 2025, and exceeding 5% for the second consecutive year, validate the quality of our portfolio and platform, demand for our product, and our overall strategy and commitment to generating durable long-term value in any environment,” Kimco CEO Conor Flynn said in a company statement. “This outperformance, together with our 2026 outlook, strong balance sheet and disciplined capital allocation, positions Kimco to drive further growth and value for our shareholders.”   

    Kimco also realized a 3% year-over-year increase in same property net operating income (NOI) for both the fourth quarter and the full year of 2025. 

    The company reported pro-rata portfolio occupancy of 96.4%, matching the REIT’s all-time high, with pro-rata small shop occupancy reaching a new record level of 92.7%, according to the statement. 

    Kimco signed 435 leases totaling 2.7 million square feet during Q4 2025, generating blended pro-rata rent spreads on comparable spaces of 13.8%, with new leases up 29% and renewals and options growing 5.9% and 9.2%, respectively. For the full year of 2025, the company leased 12.1 million square feet, representing an 8.9% increase in square feet leased over the prior year. 

    Kimco also secured 657 additional  during the fourth quarter, bringing the company’s total number of operating, active, and entitled units to 14,196 at the end of 2025. 

    The Kimco board of directors declared a cash dividend of $0.26 per common share, equivalent to $1.04 per year, and representing a 4% increase over the quarterly dividend in Q4 2024. The quarterly cash dividend on common shares will be payable on March 19, 2026, to shareholders of record on March 6, 2026. 

    Kimco also announced some changes in leadership. Paul Westbrook, vice president and chief accounting officer, will retire on March 31, after more than 23 years with the company. Kathleen Thayer, senior vice president and treasurer, will assume the role of executive vice president, treasurer, and chief accounting officer, effective April 1. 

    In addition, Wilbur “Tom” Simmons, president of the Southern Region, has been named senior vice president of national asset management, and Joshua Weinkranz, president of the Eastern Region, has been appointed senior vice president of national leasing. Both will assume their new roles in the third quarter. 

    As of the end of 2025, Kimco owned interests in 565 U.S. shopping centers and mixed-use assets comprising 100 million square feet of gross leasable space, according to the company. 


    [ad_2]

    David Winzelberg

    Source link

  • Spirit Airlines Unveils New Spirit Central Campus in Florida

    Spirit Airlines Unveils New Spirit Central Campus in Florida

    [ad_1]

    Spirit Airlines celebrated the official opening of Spirit Central, its new corporate campus at Dania Pointe in Dania Beach, Florida.

    The campus spans more than 11 acres and features four buildings, including a support center with offices, an amenity building, a new crew training facility built for hands-on experience in flight simulators, and a corporate housing facility. Additionally, the campus also includes dedicated parking garages for Spirit Team Members.

    The new Spirit Central provides an expansive, centralized location for the airline’s main support teams and is only a few minutes away from Spirit’s largest operating base at Fort Lauderdale-Hollywood International Airport (FLL).

    “The opening of Spirit Central marks a major milestone as we celebrate a new chapter in our more than 30-year history and reflect on how far we’ve come in our mission to deliver high-value travel options across the United States, Latin America, and the Caribbean,” said Ted Christie, Spirit’s President and Chief Executive Officer. “Spirit is proud to make this major investment in Broward County, drive local economic development, and further strengthen our commitment to the South Florida community.”

    The new campus interior includes design features that pay tribute to Spirit, including an 18-foot-long Airbus A321neo model plane, a 3D engine cowling, a gallery showcasing the famous “Howdy” sharklet, a history wall, and more. The main buildings on the campus include:

    • Support Center: The largest of all four buildings is approximately 180,000 square feet and features six floors of office space for more than 1,000 corporate Team Members from the Operations Control Center, IT, Flight Operations, Inflight and more.
    • Fueling Station: The amenity building is easily accessible from the first floor of the Support Center and features a café, fitness center, and lounge spaces exclusive to our Team Members.
    • Training Hub: The state-of-the-art training facility for Inflight and Flight Ops Teams will boast several high-tech flight simulator bays and fixed flight simulators, an advanced Cabin Emergency Evacuation Trainer (CEET), a door trainer, classrooms, and debriefing rooms.
    • The Landing: The corporate housing facility will be the home away from home for out-of-town Team Members visiting for company business and features accommodations for up to 400 Team Members, several meeting rooms, a grab-and-go market, a pool, a fitness center, and its own parking garage.

    In celebration of Spirit Central’s official opening, the Spirit Charitable Foundation donated $25,000 to Dania Beach PATCH (Peoples Access to Community Horticulture), an urban farm and market created to provide local access to healthy foods and horticulture. The donation advances the Foundation’s Environment pillar by investing in a platform for education, cultural growth, access to healthy foods & community gardening, and economic development.

    Spirit partnered with Florida-based architectural firm HuntonBrady, general contractor Brasfield & Gorrie, and project advisor Jones Lang LaSalle to design and build Spirit Central. The airline worked with Kimco Realty, the owner and principal developer of Dania Pointe, to secure the land.

    The relocation from Spirit’s Miramar, Florida, facilities to Spirit Central in Dania Beach is expected to be completed in the coming weeks.

    [ad_2]

    Source link