Printer Friendly

SIZELER PROPERTY INVESTORS PURCHASES WESTWARD SHOPPING CENTER IN WEST PALM BEACH, FLA.

 SIZELER PROPERTY INVESTORS PURCHASES
 WESTWARD SHOPPING CENTER IN WEST PALM BEACH, FLA.
 KENNER, La., May 14 /PRNewswire/ -- Sizeler Property Investors, Inc. (NYSE: SIZ) announced today that it has purchased the Westward Shopping Center, a major community shopping center located in West Palm Beach, Fla.
 The shopping center consists of approximately 221,000 square feet and is currently 96 percent leased. The property is anchored by four major retail tenants -- Phar-Mor, Sports Authority, Circuit City and Office Depot -- which comprise 74 percent of the shopping center's total area.
 With the purchase of Westward Shopping Center, the company now owns approximately 1.9 million square feet of shopping center space in Louisiana, Florida and Texas. The company initiated an acquisitions program in 1991 to take advantage of attractive real estate investment opportunities resulting from the current economic environment.
 In November 1991, the company completed a public offering of common stock, the proceeds from which were intended to purchase income-producing shopping center and apartment properties in the southern United States. With the acquisition of Westward Shopping Center, the company now has fully invested the proceeds from its November 1991 public offering. The company is presently in various stages of negotiations for the acquisition of additional properties being considered for the company's portfolio.
 Sizeler Property Investors, Inc., is a self-administered equity real estate investment trust which invests in income-producing shopping center and apartment properties in the southern United States. The company is based in Kenner, La., a suburb of New Orleans.
 -0- 5/14/92
 /CONTACT: John J. Gilluly Jr., vice president/treasurer of Sizeler Property Investors, 504-466-5363/
 (SIZ) CO: Sizeler Property Investors, Inc. ST: Louisiana, Florida IN: SU: RLE


BR-BN -- AT007 -- 0173 05/14/92 11:25 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 14, 1992
Words:285
Previous Article:ROYAL INSURANCE ANNOUNCES THREE MONTHS 1992 RESULTS
Next Article:COMCOA REPORTS FIRST QUARTER RESULTS
Topics:


Related Articles
SIZELER PROPERTY INVESTORS, INC., PURCHASES CAMELOT PLAZA SHOPPING CENTER, IN SAN ANTONIO, TEXAS
SIZELER PROPERTY INVESTORS ANNOUNCES RESULTS
SIZELER PROPERTY INVESTORS, INC. ACQUIRES THE GEORGIAN APARTMENTS IN NEW ORLEANS
SIZELER PROPERTY INVESTORS, INC. ACQUIRES THE GEORGIAN APARTMENTS IN NEW ORLEANS
SIZELER PROPERTY INVESTORS, INC. TO ACQUIRE STEEPLECHASE APARTMENTS
SIZELER PROPERTY INVESTORS, INC. COMPLETES ACQUISITION OF STEEPLECHASE APARTMENTS
SIZELER PROPERTY INVESTORS TO ACQUIRE FLORIDA POWER SHOPPING CENTER
SIZELER PROPERTY INVESTORS, INC. COMPLETES ACQUISITION OF FLORIDA POWER SHOPPING CENTER
Regency Realty Corporation Announces The Acquisition Of Two Shopping Centers
CBRE Investors acquires trio of Class A office assets.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters