Weingarten Realty Announces Closing of Epic Village at St. Augustine
19 April 2008 - 2:06AM
Business Wire
Weingarten Realty Investors (NYSE:WRI), a leading U.S. shopping
center developer, announced the closing of Epic Village at St.
Augustine in St. Augustine, Florida. This is a 23-acre site to be
developed jointly by Weingarten Realty and St. Augustine Retail
Holdings, LLC as a theatre anchored shopping center with 17,896
square feet of retail space with four out parcels. Epic Village at
St. Augustine is neighboring to the retail focal point of the
greater St. Augustine Market and will be anchored by 16 Screen Epic
Theatres. The village will be surrounded by specialty shops with a
Spanish design and St. Augustine flair. The theatre will feature
stadium seating with Dolby Digital Sound, party rooms and gourmet
refreshments. Epic Village will be complimented by restaurants and
boutique shops, with an emphasis on family entertainment. St.
Augustine is the oldest city in the United States and attracts
approximately 6.5 million visitors a year. This project is slated
to open Spring 2009. �We are delighted to join the St. Augustine
market,� said Lynn Dehlinger, Regional Director of New Development
for Weingarten Realty. �Epic Village at St. Augustine will provide
the community a great venue for family entertainment, shopping and
casual dining. This entry into St Johns County demonstrates our
continued commitment to delivering new retail opportunities in
northeast Florida.� About Weingarten Realty Investors: As one of
the largest real estate investment trusts listed on the New York
Stock Exchange, Weingarten Realty Investors (NYSE: WRI) is
celebrating�its 60th anniversary�as a commercial real estate owner,
manager and developer, incorporated�in 1948. Focused on delivering
solid returns to shareholders, Weingarten is actively developing,
acquiring, and intensively managing properties in 23 states that
span the United States from coast-to-coast. The Company's portfolio
of 420 properties includes 342 neighborhood and community shopping
centers and 78 industrial properties. Including tenant-owned square
footage, the Company's portfolio currently totals more than 70
million square feet under management. Weingarten has one of the
most diversified tenant bases of any major REIT in its sector, with
the largest of its 5,600 tenants comprising less than 3 percent of
its rental revenues. To learn more about the Company's operations
and growth strategies, please visit http://www.weingarten.com.
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