Weingarten Realty

Weingarten Realty
Public (NYSE: WRI)
Industry Real Estate Investment Trust
Founded 1948
Headquarters Houston, Texas, USA
Key people
 Stanford Alexander, Chairman
Drew Alexander, President & CEO
Johnny Hendrix, COO
Steve Richter, CFO
Products Shopping Centers
Revenue $524.9 million (2013)
Website www.weingarten.com
Weingarten Realty headquarters

Weingarten Realty Investors (NYSE: WRI[1]) is a real estate investment trust (REIT),[2] headquartered in Houston, Texas.[3] Weingarten Realty is a shopping center owner, manager and developer. The majority of the shopping centers are anchored by a supermarket or a national value-oriented retailer and are located in neighborhood and community centers. As of 2012, it was Houston's largest commercial real estate property owner.[4] At September 30, 2014, Weingarten Realty owned or operated 251 retail properties in 21 states in the U.S., representing 47.4 million square feet of commercial real estate.[5]

History

In the 1880s Harris Weingarten, a man who left Poland, started a dry goods store in Houston. The current company was established in 1948 as the Weingarten Markets Realty; at the time it operated Weingarten's supermarkets. Joe, the eldest son of Harris Weingarten, established the current company. In 1980 the company left the supermarket market.[4]

The Houston Business Journal, in its July 2011 ranking of Houston’s Top 100 Public Companies, placed Weingarten at No. 93.[4]

In 2012 Weingarten announced that it was leaving the industrial real estate sector and selling all of its industrial holdings, worth $382.4 million, to DRA Advisors LLC, a company based in New York City. The property sold included 52 real estate properties in the states of Florida, Georgia, Tennessee, Texas, and Virginia. Of the industrial holdings, 2,300,000 square feet (210,000 m2) of building space was in Houston.[4]

In October 2013 Weingarten bought the Mueller Regional Retail Center in Austin.[6]

References

  1. ↑ "WRI." Yahoo! Finance. Retrieved on April 15, 2014.
  2. ↑ "Houston REIT buys Atlanta industrial property." Atlanta Business Chronicle. January 14, 2013. Retrieved on April 15, 2014.
  3. ↑ "Contact." Weingarten Realty. Retrieved on April 15, 2014. "Executive Offices: 2600 Citadel Plaza Dr. #125 Houston, TX 77008"
  4. 1 2 3 4 Dawson, Jennifer. "Weingarten Realty selling $382.4M in assets." Houston Business Journal. April 11, 2012. Retrieved on April 15, 2014.
  5. ↑ "."
  6. ↑ Buchholz, Jan. "High-profile Houston company buys Mueller shopping center." Austin Business Journal. October 10, 2013. Retrieved on April 15, 2014.

Further reading


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