Weingarten Sells Broadway Shopping Center

Weingarten Realty Advisors, headquartered in Houston, sold the Broadway Shopping Center, a 74,604-square-foot power center at 5908 Broadway Ave. in Galveston, TX. A private investor acquired it for an undisclosed price. The asset was assessed at $2.3 million.

HFF’s Ryan West led the sales team that represented the seller. The center is 100% occupied, with tenants including Big Lots, DaVita Island Dialysis, Family Dollar, Anytime Fitness, West Marine and Subway.

The REIT had owned the center for close to a decade. The asset is the closest retail center to the primary residential and tourist areas in Galveston.

Subscribe to Connect Daily Texas