Weingarten Realty Invest... (NYSE:WRI)
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Weingarten Realty Investors (NYSE:WRI), a leading U.S. shopping center
developer, announced the closing of Epic Village at St. Augustine in St.
Augustine, Florida. This is a 23-acre site to be developed jointly by
Weingarten Realty and St. Augustine Retail Holdings, LLC as a theatre
anchored shopping center with 17,896 square feet of retail space with
four out parcels.
Epic Village at St. Augustine is neighboring to the retail focal point
of the greater St. Augustine Market and will be anchored by 16 Screen
Epic Theatres. The village will be surrounded by specialty shops with a
Spanish design and St. Augustine flair. The theatre will feature stadium
seating with Dolby Digital Sound, party rooms and gourmet refreshments.
Epic Village will be complimented by restaurants and boutique shops,
with an emphasis on family entertainment.
St. Augustine is the oldest city in the United States and attracts
approximately 6.5 million visitors a year. This project is slated to
open Spring 2009.
“We are delighted to join the St. Augustine
market,” said Lynn Dehlinger, Regional
Director of New Development for Weingarten Realty. “Epic
Village at St. Augustine will provide the community a great venue for
family entertainment, shopping and casual dining. This entry into St
Johns County demonstrates our continued commitment to delivering new
retail opportunities in northeast Florida.”
About Weingarten Realty Investors:
As one of the largest real estate investment trusts listed on the New
York Stock Exchange, Weingarten Realty Investors (NYSE: WRI) is
celebrating its 60th anniversary as a commercial real estate owner,
manager and developer, incorporated in 1948. Focused on
delivering solid returns to shareholders, Weingarten is actively
developing, acquiring, and intensively managing properties in 23 states
that span the United States from coast-to-coast. The Company's portfolio
of 420 properties includes 342 neighborhood and community shopping
centers and 78 industrial properties. Including tenant-owned square
footage, the Company's portfolio currently totals more than 70 million
square feet under management. Weingarten has one of the most
diversified tenant bases of any major REIT in its sector, with the
largest of its 5,600 tenants comprising less than 3 percent of its
rental revenues. To learn more about the Company's operations and growth
strategies, please visit http://www.weingarten.com.