The notes, which were priced at 99.84 percent to yield 6.897 percent, will mature October 1, 2019. The net proceeds of approximately $297.3 million will be used to repay $220.0 million of existing unsecured term loans which were scheduled to mature in April 2011. The company will use the remaining proceeds for general corporate purposes which includes the repayment of other indebtedness such as construction loans coming due in 2010. As a result of these transactions, the company's debt maturity profile is enhanced without increasing the company's total indebtedness.

J.P. Morgan, Morgan Stanley, and Wells Fargo Securities served as the joint book-running managers for this offering. Barclays Capital, RBC Capital Markets, RBS, and Scotia Capital served as the co-managers.

The offering was made solely by means of a prospectus. Copies of the prospectus supplement and the base prospectus relating to these securities were filed with the Securities and Exchange Commission on September 18, 2009 and are available at the SEC web site at www.sec.gov. Copies of the prospectus supplement and the base prospectus may also be obtained by contacting J.P. Morgan Securities Inc. at 212-834-4533, Morgan Stanley & Co. Incorporated at 1-866-718-1649 or Wells Fargo Securities, LLC at 1-800-326-5897.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About Kimco

Kimco Realty Corporation, a real estate investment trust (REIT), owns and operates North America's largest portfolio of neighborhood and community shopping centers. As of June 30, 2009, the company owned interests in 1,466 retail properties comprising 154 million square feet of leasable space across 45 states, Puerto Rico, Canada, Mexico and South America. Publicly traded on the NYSE under the symbol KIM and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for 50 years.