Weingarten Realty Breaks Ground on Surf City Crossing
September 23 2009 - 5:33PM
Business Wire
Weingarten Realty (NYSE:WRI) announced today that the company
broke ground on a new 70,000 square foot shopping center. Named
Surf City Crossing, Mayor Zander Guy and member of the Greater
Topsail Area Chamber of Commerce and Tourism helped celebrate the
start of construction on the 70,505 square foot shopping center.
The new center is expected to open in late 2010.
Sitting conveniently at the intersection of U.S. Highway 17 and
NC Highway 210, Surf City Crossing is strategically located 20
miles northeast of Wilmington, and 20 miles southeast of
Jacksonville, and will serve the growing markets of Surf City,
Topsail Island and Hampstead, N.C. Anchored by Harris Teeter
supermarket, the center is designed to house 11 more businesses,
and will serve a thriving population of almost 40,000
residents.
“This region along the North Carolina coastline is a popular
tourist destination, and home to an increasing number of fulltime
residents,” said Ken Hocker, regional development director for
Weingarten Realty. “This center sits at the crossroads of two of
the area’s most heavily traveled highways. It is in a great
location, with a top quality anchor which makes us confident that
it will become the prime shopping destination for Surf City
shoppers.”
Mayor Zander Guy and Pam Honeycutt of the Greater Topsail Area
Chamber of Commerce were on hand to welcome Weingarten
representatives to Surf City, and to turn the first shovels of dirt
on the new project.
“The bigger story here is more than a new shopping center
groundbreaking,” noted Mayor Guy. “Surf City Crossing will bring
growth and development into the Topsail area. More importantly, it
will bring new jobs into our community.”
The shopping center portion of the development is phase one,
notes Hocker. “Once we complete construction on the retail space,
plans call for development of a luxury apartment complex right
behind the center,” he said.
Photos of the groundbreaking are available upon request.
About Weingarten Realty
Investors:
Weingarten Realty Investors (NYSE:WRI) is a commercial real
estate owner, manager and developer. At June 30, 2009, the company
owned or operated under long-term leases, either directly or
through its interest in real estate joint ventures or partnerships,
a total of 378 developed income-producing properties and 24
properties under various stages of construction and development.
The total number of properties includes 318 neighborhood and
community shopping centers located in 22 states spanning the
country from coast to coast. The company also owns 81 industrial
projects located in California, Florida, Georgia, Tennessee, Texas
and Virginia and three other operating properties located in
Arizona and Texas. To learn more about the company's
operations and growth strategies, please visit
http://www.weingarten.com.
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