M&A Deal Summary

Weingarten Realty Acquires Edgewater Marketplace in Denver

On November 29, 2010, Weingarten Realty acquired real estate company Edgewater Marketplace in Denver

Acquisition Highlights
  • This is Weingarten Realty’s 2nd transaction in the Real Estate sector.
  • This is Weingarten Realty’s 2nd transaction in the United States.
  • This is Weingarten Realty’s 1st transaction in Colorado.

M&A Deal Summary
Date 2010-11-29
Target Edgewater Marketplace in Denver
Sector Real Estate
Buyer(s) Weingarten Realty
Deal Type Add-on Acquisition

Target

Edgewater Marketplace in Denver

Denver, Colorado, United States
Edgewater Marketplace is an infill property with a population of 159,000 within a three mile radius. The center is anchored by King Sooper (Kroger) the market leader in Supermarkets and also includes Target, which owns their facility. The 145,000 square foot project is 98% leased.

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Buyer(S) 1

Buyer

Weingarten Realty

Houston, Texas, United States
Category Company
Sector Real Estate
Employees243
Revenue 434M USD (2020)
DESCRIPTION

Weingarten Realty is a real estate investment trust with 315 income-producing properties in 18 states that spans the southern part of the United States from coast to coast. Included in the portfolio are 254 neighborhood and community shopping centers, 60 industrial properties, and one office building, aggregating 42.0 million square feet. Weingarten Realty is based in Houston, Texas.

DEAL STATS #
Overall 2 of 5
Sector (Real Estate) 2 of 5
Type (Add-on Acquisition) 2 of 3
State (Colorado) 1 of 1
Country (United States) 2 of 5
Year (2010) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-29 Village Plaza at Bunker Hill

Houston,, Texas, United States

Village Plaza, is a 491,000 square foot project located in Houston, Texas along the heavily trafficked I-10 Freeway. This center includes a HEB supermarket, an Academy Sports and Outdoors, Babies R Us and PetSmart, along with other great retailers. This center boasts a three mile population of over 150,000 with a average household income of $110,000 per year.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 Hilltop Village Center Site

Alexandria,, Virginia, United States

Hilltop Village Center Site comprises a mix use project which includes 113,000 square feet of office space, retail, banks, restaurants, spa, dentist office, hair salons, and dry cleaners.

Buy -
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