Weingarten Realty Investors was a real estate investment trust that invested in

shopping center A shopping center (American English) or shopping centre (Commonwealth English), also called a shopping complex, shopping arcade, shopping plaza or galleria, is a group of shops built together, sometimes under one roof. The first known collec ...

s, primarily in the Southern United States and primarily with grocery stores as the

anchor store In retail, an "anchor tenant", sometimes called an "anchor store", "draw tenant", or "key tenant", is a considerably larger tenant in a shopping mall, often a department store or retail chain. They are typically located at the ends of malls. Wit ...

s. In August 2021, the company was acquired by

Kimco Realty Kimco Realty® (NYSE:KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. that is North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers, including mixed-use assets. The ...

. As of December 31, 2020, the company owned interests in 159 properties comprising 30.2 million square feet. In 2020, 20.6% of the company's revenues were generated from properties in the Houston area and 30.4% of the company's revenues were generated from properties in Texas.

History

In the 1880s, Hersch Harris Weingarten, a poor Jewish immigrant from Łańcut (what was then Austria-Hungary), started a grocery business in Houston called Weingarten's. In 1948, Joseph Joe Weingarten, the eldest son of Harris Weingarten founded Weingarten Realty to build stores for his father's business. In 1980, Safeway Inc. purchased the grocery operations. In 1985, the company became a public company via an initial public offering. In 2002, the company acquired 3 shopping centers for $46.2 million. In 2012, the company sold all of its industrial assets for $382.4 million. In August 2021,

acquired the company.

References

{{Authority control 1948 establishments in Texas 2021 disestablishments in Texas 2021 mergers and acquisitions Real estate companies established in 1948 Companies formerly listed on the New York Stock Exchange