This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Weingarten Realty Announces Sale of 100,600 Square Foot Jester Plaza Service Center in Northwest Houston 2009-10-27 10:58 ET - News Release  HOUSTON -- (Business Wire)
Weingarten Realty (NYSE: WRI) announced today the sale of a 100,600
square-foot industrial service center on 5.6 acres to Jester Plaza, Ltd.
The property is located near-Northwest Houston on TC Jester Boulevard
near Loop 610. Terms of the sale were not disclosed.
“This divestiture is consistent with Weingarten’s ongoing corporate
strategy to dispose of non-core real estate assets,” according to Kelly
Landwermeyer, Vice President/Director – Industrial Properties.
Karen Stumbough, who represented Jester Plaza, Ltd, said, “My client was
attracted to Jester Plaza because the property was already 90 percent
leased and is ideally located near a number of major highways.”
Negotiations were handled by David Boyd, Principal of Boyd Commercial
Real Estate Services, on behalf of Weingarten.
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