M&A Deal Summary

Weingarten Realty and Hilltop Sand and Gravel Acquire Hilltop Village Center Site

On December 1, 2011, Weingarten Realty and Hilltop Sand and Gravel acquired real estate company Hilltop Village Center Site

Acquisition Highlights
  • This is Weingarten Realty’s 3rd and Hilltop Sand and Gravel’s 1st transaction in the Real Estate sector.
  • This is Weingarten Realty’s 3rd and Hilltop Sand and Gravel’s 1st transaction in the United States.
  • This is Weingarten Realty’s 1st and Hilltop Sand and Gravel’s 1st transaction in Virginia.

M&A Deal Summary
Date 2011-12-01
Target Hilltop Village Center Site
Sector Real Estate
Buyer(s) Weingarten Realty
Hilltop Sand and Gravel
Deal Type Joint Venture

Target

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.

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Buyer(S) 2

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 3 of 5
Sector (Real Estate) 3 of 5
Type (Joint Venture) 1 of 2
State (Virginia) 1 of 1
Country (United States) 3 of 5
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-29 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-04 Queen Anne Marketplace

Seattle, Washington, United States

Queen Anne Marketplace is a shopping center with 70,000 square feet and anchored by Metropolitan Market, an upscale neighborhood grocer operating in a densely populated, high barrier-to-entry urban infill location.

Buy -
Buyer

Hilltop Sand and Gravel

Alexandria, Virginia, United States
Category Company
Founded 1954
Sector Real Estate
DESCRIPTION

Hilltop Sand and Gravel Co. Inc. is a Real estate investment trust company, engages in the residential and commercial property services.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Joint Venture) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
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