Weingarten Realty Investors completed the acquisition of five shopping centers and one industrial property in the final quarter of 2003, adding 799,900 square feet to the portfolio. The total value of the transactions was $82.8 million. Publix at Laguna Isles is a 69,500-square-foot shopping center located at the northeast corner of Sheridan Street and SW 196th Avenue in Pembroke Pines (Fort Lauderdale), Fla. Anchored by Publix, the number one supermarket operator in the Florida markets, the center was more than 98 percent occupied at the time of sale. The second acquisition, University Palms, is a 99,200-square-foot shopping center located at the northeast corner of Alafaya Trail and McCullough Road in Oveido (Orlando), Fla. This shopping center was 100 percent leased at the time of s...
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