HOUSTON - Weingarten Realty has made a property acquisition in the River Oaks area that will allow it to expand its redevelopment plans for its iconic River Oaks Shopping Center.
If Weingarten plans to tear down any parts of the River Oaks Shopping Center, a historic landmark, it must notify the Houston Archaeological and Historical Commission.
The Houston-based real estate investment trust purchased the Pier One store at 1935 West Gray.
The company said it spent $33.5 million on two 4Q 2015 acquisitions: a 36,540-sf shopping center in Los Angeles and the Pier One property.
Last month, Weingarten said it was planning changes to the 1930s Art Deco property that could include residential units, more retail space and parking.
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