Weingarten Announces Kroger Expansion at Bartlett Towne Center

Weingarten Realty Investors (NYSE:WRI) announced today that it has entered into an agreement with The Kroger Co. (NYSE:KR) to expand Kroger's store at Bartlett Towne Center in Bartlett, Tennessee. The expansion will increase the store’s current footprint by approximately 85,000 square feet or 30 percent and will include the addition of a fuel center adjacent to the store.

"The Bartlett Towne Center expansion is just one example of the strength of the national partnership between Kroger and Weingarten Realty. We are delighted to further expand our relationship with them and enhance customer service and convenience for the center’s customers,” said Jeff Harrison, vice president, director of leasing for Weingarten’s Eastern Region.

“Kroger’s tremendous strength as a grocer paired with our long successful history of owning and operating grocery-anchored projects has produced numerous successful shopping centers across the country. Kroger consistently ranks as one of the top retailers by number of locations in our entire portfolio,” he added.

The Kroger store expansion at Bartlett Towne Center is expected to be complete in the fourth quarter of 2010.

Bartlett Towne Center, which is located at the intersection of Bartlett Boulevard and Stage Road, also features a diverse mix of national retailers including Petco, FedEx, Dollar Tree, Shoe Carnival, Mattress Firm, CATO Fashions, Sally Beauty, AT&T Mobile and GameStop.

About Weingarten Realty Investors

Weingarten Realty Investors (NYSE: WRI) is a commercial real estate owner, manager and developer. At September 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 385 developed income-producing properties and 13 properties under various stages of construction and development. The total number of properties includes 315 neighborhood and community shopping centers located in 22 states spanning the country from coast to coast. The company also owns 80 industrial projects located in California, Florida, Georgia, Tennessee, Texas and Virginia and three other operating properties located in Arizona and Texas. As of September 30, 2009, the company’s portfolio of properties was approximately 72.3 million square feet.

Weingarten Realty Invest... (NYSE:WRI)
Historical Stock Chart
From May 2024 to Jun 2024