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SIZELER PROPERTY INVESTORS ENTERS INTO DEFINITIVE AGREEMENT TO ACQUIRE MAJOR FLORIDA COMMUNITY SHOPPING CENTER

 SIZELER PROPERTY INVESTORS ENTERS INTO DEFINITIVE AGREEMENT
 TO ACQUIRE MAJOR FLORIDA COMMUNITY SHOPPING CENTER
 KENNER, La., Feb. 13 /PRNewswire/ -- Sizeler Property Investors, Inc. (NYSE: SIZ) announced today that it has entered into a definitive agreement to acquire a major community shopping center, which is located in the county of Palm Beach, Fla.
 The shopping center is composed of approximately 231,000 square feet, and is anchored by five major retail tenants, which comprise approximately 75 percent of the total area of the shopping center. The occupancy of the shopping center is currently at 96 percent. The company's purchase of the property, which will be a significant addition to the company's real estate portfolio, is subject to completion of due diligence and customary conditions precedent and is expected to close between 60 and 90 days.
 Sizeler Property Investors, Inc. is a self-administered equity real estate investment trust which invests in income-producing shopping centers and apartment properties in the southern United States. The company is based in Kenner, La., a suburb of New Orleans.
 -0- 2/13/92
 /CONTACT: Thomas S. Davidson, president, or James W. Brodie, vice president-Acquisitions of Sizeler Property Investors, 504-466-5363/
 (SIZ) CO: Sizeler Property Investors, Inc. ST: Louisiana, Florida IN: SU:


BN-BR -- AT009 -- 9644 02/13/92 10:32 EST
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Publication:PR Newswire
Date:Feb 13, 1992
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