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Weingarten Realty Reports Fourth Quarter 2020 Transaction Activity and Provides COVID-19 Update
January 8, 2021 GMT
HOUSTON (BUSINESS WIRE) Jan 8, 2021
Weingarten Realty Investors (NYSE:WRI) announced transaction activity for the fourth quarter and for the full year 2020 and provided a COVID-19 update.
2020 Transaction Activity
During the fourth quarter, the Company purchased 42% of Village Plaza at Bunker Hill center with proceeds from the Company’s simultaneous disposition of Overton Park Plaza in Fort Worth, Texas, which marks its exit from that market. Village Plaza at Bunker Hill, of which the Company is now the sole owner, is a 492,000 square foot center in Houston, Texas. It is anchored by a 128,000 square foot H-E-B grocer, Burlington and Academy Sports + Outdoors. This property is one of the top shopping centers in Houston with 140,000 people and average incomes of $141,000