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Acquisitions & Dispositions
     
   
     
 

Overview

In our acquisitions program, we focus on expanding our retail and industrial portfolios in markets where we currently have product as well as contiguous areas. Deals may be structured in a variety of ways to meet sellers’ needs, including tax-deferred transactions. Dispositions of non-core properties is an on-going part of our capital recycling.

Retail Criteria

We look for well-anchored neighborhood and community centers in major metropolitan areas with strong population growth and high barriers to entry.  These properties can be core supermarket anchored, value added opportunities, life-style, or power centers.

Type:

  • Anchored community, neighborhood, infill power shopping center
  • 100,000 plus square feet
  • Multi-tenant including existing anchor stores (or facility which can accommodate this use)
  • Preference for properties where we can add value through lease-up, remerchandising, renovation
  • Strategic locations are required and supermarket and/or discount anchored centers are preferred
  • Trade area with a minimum population of 50,000
  • Located at a major intersection of two thoroughfares

Geographic Preference:

 

  • Focus on West, Southwest and Southeast
  • Prefer SMAs with minimum population of 400,000

Deal Structure:

  • Flexible - will purchase for all cash, leveraged, joint venture, stock, DownREIT

Submittal Process:

Weingarten requires the following for preliminary analysis

 
  • Price
  • Leasing Plan
  • Rent Roll
  • Debt Information
  • Photos of Property
  • Demographic Information
  • Previous Year and TD profit and loss statement
  • Three years' major tenant sales history

Industrial Criteria


We seek Class-A and B, single and multi-tenant bulk warehouse and business distribution assets in first and second tier markets throughout the southern, eastern and western US.  We focus primarily on infill submarkets and acquire leased or under-leased properties.

 Product Type:

  • Bulk Distribution
      + 5% office
      24’ clear minimum
  • Office-Warehouse
      + 5% office to 20% office
      20’ clear minimum

 Locations:

  • Southern, Western, Middle Atlantic, Midwestern United States
  • First and Second Tier Markets

 Investment Criteria:

  • At or Below Replacement Cost
  • Single or Multi-Tenant Industrial Properties
  • Leased or Under Leased

 Deal Structure:

  • All Cash
  • Stock
  • Joint Venture

 

     
 

Crosswinds Distribution Center
San Antonio, TX

Crosswinds Distribution Center is a state-of-the-art distribution project located in San Antonio’s dynamic I-35 east submarket.

Learn More >
 
     
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