Kimco shifts focus to Mexico as U.S. demand slows

04/30/2008 | Wall Street Journal, The

Kimco Realty Corp. is tapping into middle class growth in Mexico, which has fueled demand for suburban-style retail property. The company entered the Mexican market six years ago and now has 34 properties there. "Development in the U.S. is rather limited today," said David Henry, Kimco's chief investment officer.

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