Profile: Eastgroup Properties Inc (EGP)
23 Apr 2018
EastGroup Properties, Inc., incorporated on April 4, 1997, is an equity real estate investment trust (REIT). The Company is focused on the development, acquisition and operation of industrial properties in various Sunbelt markets across the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. The Company holds its properties as long-term investments but may determine to sell certain properties that no longer meet its investment criteria. The Company may provide financing in connection with such sales of property if market conditions require. In addition, the Company may provide financing to a partner or co-owner in connection with an acquisition of real estate in certain situations. The Company owned 327 industrial properties and one office building as of December 31, 2016. As of February 14, 2017, the Company's portfolio was 95.8% leased and 95.2% occupied.
The Company's industrial real estate properties include 56th Street Commerce Park, Jetport Commerce Park, Westport Commerce Center, Palm River Center, Walden Distribution Center I and Silo Bend Distribution Center in Tampa, Florida; Chancellor Center, Exchange Distribution Center I, Sunbelt Distribution Center, Sunport Center I, Southridge Commerce Park I and Horizon Commerce Park I in Orlando, Florida; Deerwood Distribution Center, Phillips Distribution Center, Ellis Distribution Center and Beach Commerce Center in Jacksonville, Florida; Linpro Commerce Center, Lockhart Distribution Center, Sample 95 Business Park and Blue Heron Distribution Center in Ft. Lauderdale/Palm Beach area, Florida; Wiegman Distribution Center I, Huntwood Distribution Center and Yosemite Distribution Center in San Francisco area, California; Main Street Distribution Center, Ramona Distribution Center and Chestnut Business Center in Los Angeles area, California; University Business Center in Santa Barbara, California, and Eastlake Distribution Center in San Diego, California. The Company's properties also include Shady Trail Distribution Center, Valwood Distribution Center and Northfield Distribution Center in Dallas, Texas; Central Green Distribution Center, Glenmont Business Park and Beltway Crossing Business Park I in Houston, Texas; Butterfield Trail and Americas Ten Business Center I in El Paso, Texas; Alamo Downs Distribution Center, Fairgrounds Business Park and Rittiman Distribution Center in San Antonio, Texas, and Southpark Corporate Center and Springdale Business Center in Austin, Texas.
The Company's properties include Broadway Industrial Park I, Broadway Industrial Park II, Chandler Freeways and Kyrene Distribution Center in Phoenix area, Arizona, and Country Club Commerce Center I, Airport Distribution Center and Benan Distribution Center in Tucson, Arizona. The Company's properties in North Carolina include Lindbergh Business Park, Nations Ford Business Park and Airport Commerce Center in Charlotte area. The Company's properties in Louisiana include Elmwood Business Park and Riverbend Business Park in New Orleans. The Company's properties in Mississippi include Interchange Business Park and Tower Automotive in Jackson area. The Company's properties for industrial development include Oak Creek Distribution Center land, Horizon Commerce Park V and Weston Commerce Park in Florida; North Stemmons land, Parc North land, Ten West Crossing land and West Road Business Park land in Texas; Kyrene 202 Business Park land and Ten Sky Harbor Business Center in Arizona; Jones Corporate Park in Nevada, and Steele Creek Commerce Center VI and Airport Commerce Center III land in North Carolina.
Eastgroup Properties Inc
400 W Parkway Pl Ste 100
RIDGELAND MS 39157-6010