Weingarten Buys $97M In Q2

HOUSTON-Weingarten Realty Investors acquired five retail and two industrial assets for $97 million during its second quarter, adding 903,000 sf to its portfolio. Additionally, the locally based firm sold nine properties for $58.7 million over the period.

The retail properties acquired range in size from 27,000 sf to 163,500 sf. Three are located in California, two are in Florida and one is in Georgia. Drew Alexander, Weingarten’s chairman and CEO, calls California and Florida the company’s two strongest markets.

All of the retail assets are grocery anchored with the exception of the Shoppes of Parkland (FL), which counts BJ’s Wholesale as its main tenant. The supermarket anchors at the other centers are Kroger, Publix, Raley’s and Ralph’s.