Santee Trolley Center now fully owned by Kimco Realty of New York

June 17, 2024 – Our town took a magical trip down memory lane today. The Model T Ford Club of America rolled into town for their 2024 National Tour. 

Dozens of these magnificent Model T’s lined our streets. It felt like stepping back in time.

The visitors took a stroll through our town’s rich history, from the old Lakeside Inn, the Auto Speedway route, made famous by racing legend Barney Oldfield, to our charming historic buildings and homes.

The Lakeside Historical Society opened their doors, welcoming everyone to explore the chapel, museum, Gift Shop, and the Speedway monument. It was a little slice of the past brought back to life.

Their visit was short, but the memories will last a lifetime. A huge thank you to the Model T Ford Club of America for stopping by and making the day in our hometown so special.

Kimco Realty (NYSE:KIM), a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., recently announced it has acquired the remaining 50 percent interest in the 311,000-square-foot Santee Trolley Square shopping center from Phoenix-based Vestar Development Co. for $49 million. The property is encumbered by a $48.5 million mortgage, Kimco said in a statement.
Built in 2001, Santee Trolley Square is 98 percent occupied and sits at the end of the MTS Trolley’s Green Line. Anchor tenants include T.J. Maxx, PetSmart, Party City, Bed Bath & Beyond, 24-Hour Fitness and Old Navy. Dining options include Olive Garden, Chilli’s Bar & Grill, Chipolte Mexican Grill and Starbucks’s. Approximately 103,000 residents live within three miles of the retail center, Kimco said.
Kimco Realty, the nation’s largest owner and operator of neighborhood and community shopping centers, owns interests in 922 shopping centers, comprising 135 million square feet of leasable space, across 44 states, including Puerto Rico, Canada, Mexico and South America. With its recent purchase of the 108,741-square-foot City Heights Retail Village for $35.6 million last November, Kimco now owns 21 properties in San Diego County.