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KDI, which substantially pre-leases its projects and builds to sell, acquired three additional land parcels for development located in: Raleigh, North Carolina, Columbus, Ohio and Tampa, Florida. KDI currently has 11 projects, in various stages of development, with potential gross leasable area in excess of 4.0 million square feet. Kimco's net investment in KDI's development projects is approximately $132.5 million. As previously announced, the Company sold its recently completed shopping center in Chandler, Arizona for $32.5 million.