Profile: Weingarten Realty Investors (WRI)
24 Mar 2017
Weingarten Realty Investors, incorporated in 1948, is a real estate investment trust (REIT). The Company's primary business is leasing space to tenants in the shopping centers it owns or leases. The Company also provides property management services. The Company is in the business of owning, managing and developing retail shopping centers. As of December 31, 2016, the Company had owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 220 centers, primarily neighborhood and community shopping centers, which were located in 18 states spanning the country from coast to coast with approximately 44.7 million square feet of gross leasable area. Its centers are located principally in the South, West Coast and Southeast Coast of the United States with concentrations in Arizona, California, Florida and Texas. The Company also owned interests in 28 parcels of land that totaled approximately 19.8 million square feet, as of December 31, 2016. These land parcels include approximately 0.3 million square feet of land adjacent to certain of its existing operating centers.
The Company's centers are designed to attract local area customers and are typically anchored by a supermarket or other national tenants. The centers are primarily neighborhood and community shopping centers that often include discounters, value-oriented retailers and specialty grocers as additional anchors or tenants, and typically range in size from 50,000 to 650,000 square feet of building area. As of December 31, 2016, it had approximately 5,800 separate leases with 3,800 different tenants. As of December 31, 2016, it had four projects in various stages of development that were partially or wholly owned, including a contractual commitment to purchase the retail portion of a mixed-use property and a joint venture project located in Arlington, Virginia. The Company's properties include Mohave Crossroads, Camelback Village Square, Raintree Ranch Center, Squaw Peak Plaza, Oracle Crossings, Markham West Shopping Center, Centerwood Plaza, Chino Hills Marketplace, Discovery Plaza, Valley Shopping Center, Gateway Plaza, Southampton Center, Crossing at Stonegate, Lowry Town Center, Kernan Village, Tamiami Trail Shops, Brookwood Marketplace, Millpond Center, Eastern Commons, North Towne Plaza, Capital Square, Raleigh Hills Plaza, Ridgeway Trace, Humblewood Shopping Center and West Jordan Town Center.
Weingarten Realty Investors
2600 Citadel Plaza Dr Ste 300
HOUSTON TX 77008-1315