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Weingarten Realty picks up South Florida asset for $92.8M

Weingarten RealtyInvestors has acquired the 394,000-square-foot Deerfield Mall in SouthFlorida's Deerfield Beach community for approximately $92.8 million, making it thecompany's largest asset in South Florida.

The center is anchored by national and regional tenants includingPublix, T.J. Maxx, Marshalls, Cinépolis and Ulta Beauty.

The company said the grocery-anchored shopping center's below-marketin-place rents will allow redevelopment over the next several years.