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Nate Paul's World Class buys Arboretum Crossing shopping center

Erin Edgemon
Nate Paul's World Class buys Arboretum Crossing shopping center

World Class Capital purchased Arboretum Crossing from Kimco Realty Corp. (NYSE: KIM), a real estate investment trust headquartered in New Hyde Park, N.Y. With Toys “R” Us, Mattress Pro and Five Below closing there recently, the shopping center has notable opportunities. Long-term, the site could go high-rise like The Domain not far away.