Weingarten Realty Investors purchased four shopping centers comprising 1.1 million square feet in Texas, Florida and Kentucky.
The total value of the transactions was $160.4 million.
TFK Retail Ltd., a Texas-based limited partnership, sold the four properties.
First Colony Commons is a 410,000-square-foot community center located at the southwest quadrant of U.S. Highway 59 and Williams Trace Boulevard in Sugar Land, Texas. Anchored by Home Depot, Michael’s, Office Depot and Conn’s Appliances, the center was more than 95 percent leased at the time of sale.
TJ Maxx Plaza is a 161,900-square-foot center located in Kendall (Miami), Fla., at the southwest corner of SW 117th Ave. and Sunset Boulevard. Anchored by TJ Maxx and Winn Dixie, the center was more than 95 percent leased at the time of sale.
Weingarten purchased 377,800 square feet of Largo Mall, a community center that is anchored by a corporately-owned Albertson’s and Target, as well as Marshall’s, Bed, Bath & Beyond, Petsmart, Staples and Michael’s. Located in St. Petersburg, Fla., at the southeast corner of Ulmerton Road and Seminole Avenue, the center was more than 94 percent leased at the time of sale.
Tates Creek is a 184,500-square-foot shopping center located at the northwest corner of Tates Creek Road and Man O’ War Boulevard in Lexington, Ky. The center was 98 percent occupied at the time of sale, anchored by Kroger, the largest grocer in this market, and Rite Aid.
The seller was represented in the transaction by Rusty Tamlyn and Ralph Tullier of Trammell Crow Co.’s Houston office.
Weingarten Realty Investors is a Houston, Texas- based real estate investment trust.
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