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Winn-Dixie to Stay Open at Equity One Centers

NORTH MIAMI BEACH, FL-The locally based REIT received indication from the grocery store chain that its 16 Winn-Dixie locations, 13 of which are in Florida, will not be included in the stores the company recently announced it will close.

By Melissa Bogdany | Updated on May 10, 2004

NORTH MIAMI BEACH, FL-Equity One Inc., a shopping center REIT based here, has stated that conversations with Winn-Dixie Inc. representatives indicate that none of the 16 open Winn-Dixie grocery stores in Equity One-owned shopping centers is expected to be among the stores the company plans to close.The majority of Equity One’s open Winn-Dixie stores are in Florida, where it has 13 locations. The REIT also has one Winn-Dixie store each in Alabama, North Carolina and Louisiana. In addition, Equity One has a non-operating Winn-Dixie in its Warner Robbins, GA, shopping center.Publicly traded Equity One mainly acquires, renovates, develops and manages community and neighborhood shopping centers mainly in high-growth markets in the southern part of the country. The centers are anchored by national and regional supermarket chains as well as other necessity retailers, including drug stores and discount retailers. Equity One has a 21 million-sf portfolio with 190 properties, including 127 supermarket-anchored shopping centers.

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