Broward’s everyday shopping circuit just changed hands. Kimco Realty has acquired two major grocery-anchored centers in Tamarac and Pompano Beach from KPR Centers for a combined $109 million, adding nearly 498,000 square feet of retail space to its South Florida portfolio.
According to The Real Deal, Kimco paid $56 million for Sunshine Plaza in Tamarac and $53 million for Pompano Marketplace. Sunshine Plaza is anchored by Publix and Marshalls, while Pompano Marketplace features a Walmart Neighborhood Market along with Ross Dress for Less, Marshalls, Five Below, Dollar Tree, Carrabba’s Italian Grill and TD Bank.
The sale also gives KPR Centers a substantial payday on two long-held Broward properties. KPR’s own deal archive shows the firm acquired Sunshine Plaza for $28.5 million in 2014 and Pompano Marketplace for $46.8 million in 2015, before selling both centers to Kimco more than a decade later.
Why These Plazas Matter To Broward Shoppers
Sunshine Plaza is a 245,700-square-foot center built in 1972, with 24 Hour Fitness, Krispy Kreme and Subway adding to its grocery-and-discount retail mix. Pompano Marketplace spans 252,300 square feet and dates to 1991, giving Kimco another established shopping hub along South Federal Highway.
Those tenant rosters make the properties less dependent on destination shopping and more tied to repeat errands: groceries, workouts, quick meals and household basics. The latest sale details from The Real Deal show why large open-air centers with recognizable anchors remain attractive even as retailers continue reshuffling their footprints.
Broward Retail Is Tight Despite A Slight Cooldown
Broward County’s retail market had a 4.3% vacancy rate in the second quarter, up slightly from 4.2% in the first, while net absorption was negative 102,436 square feet. Average asking rents fell to $27.67 per square foot, down 3.4% from a year earlier, according to Commercial Observer.
That combination suggests Kimco is buying durable, necessity-based demand rather than betting on a sudden leasing boom. In a county where available retail space remains limited, grocery anchors can provide the steady traffic that helps smaller tenants hang on through a softer stretch.
Kimco Adds Another Pair Of Neighborhood Shopping Hubs
Kimco is already one of the country’s largest owners of open-air, grocery-anchored retail. The company’s 2025 filing with the Securities and Exchange Commission said Kimco had interests in 565 shopping center properties totaling 100.2 million square feet across 29 states as of December 31, 2025.
For Tamarac and Pompano Beach, the immediate story is not a new tower or a dramatic redevelopment plan. It is a change in ownership at two familiar commercial crossroads, with Kimco betting that Broward shoppers will keep showing up for the same unglamorous but reliable routine: groceries, errands and one more stop before heading home.
