JLL arranges $154.1M in financing for Kimco Realty joint venture retail portfolio

MIAMI, Sep. 17, 2026 – JLL Capital Markets announced today it arranged $154.1 million in financing for a six-property, 1.31-million-square-foot retail portfolio spanning California, Arizona and Georgia.

JLL worked on behalf of the borrowers, Kimco Realty Corporation and an institutional joint venture partner, to secure financing through institutional investors advised by J.P. Morgan Asset Management.

The portfolio includes Morena Plaza in San Diego, Rancho San Diego in El Cajon, Vail Ranch Plaza and Redhawk Towne Center in Temecula, North Decatur Station in Decatur and The Summit at Scottsdale in Scottsdale.

The portfolio is 99% occupied with a 4.6-year weighted average lease term and features dominant grocery anchors including Costco, Walmart, Whole Foods, Sprouts Farmers Market and Safeway. The properties collectively draw more than 17 million annual consumer visits, with anchor locations consistently ranking in the top 5% to 10% nationally by visits within their respective banners. National tenants occupy approximately 76% of the portfolio's gross leasable area, with 46% of the tenant roster comprising investment-grade credit.

The portfolio properties are strategically positioned in affluent first-ring suburbs with average household incomes ranging from $140,000 to $228,000 and average home values from $567,000 to $1.2 million within their respective trade areas. Each property benefits from high barriers to entry driven by established residential density in premier locations.

The JLL Capital Markets team was led by Senior Managing Director Chris Drew and Managing Director John Marshall (CA RE license #01223413), along with Directors Wells Waller and Jarrod Howard and Analysts Gabriel Davenport and Preston Bacon.

"These properties represent the convergence of institutional-quality sponsorship and best-in-class grocery-anchored retail in high-barrier-to-entry markets," Drew said. "The portfolio benefits from exceptional tenant relationships with necessity-based retailers whose locations consistently outperform, combined with the strategic positioning in affluent first-ring suburbs that deliver both operational efficiency and demographic strength."

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Kimco Realty^® (NYSE: KIM) is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States. The company’s portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets, including high-barrier-to-entry coastal markets and Sun Belt cities. Its tenant mix is focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Publicly traded on the NYSE since 1991 and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value-enhancing redevelopment activities for more than 65 years. With a proven commitment to corporate responsibility, Kimco Realty is a recognized industry leader in this area. As of June 30, 2026, the company owned interests in 564 U.S. shopping centers and mixed-use assets comprising 100 million square feet of gross leasable space.

J.P. Morgan Asset Management, with assets under management of $4.6 trillion as of June 30, 2026, is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. For more information, visit: www.jpmorgan.com/am.

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorganChase had $5.0 trillion in assets and $375 billion in stockholders’ equity as of June 30, 2026. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.