Weingarten Realty (NYSE:WRI) announced today Arhaus Furniture leased 19,340 square feet at the Centre at Post Oak, being the space formerly occupied by Barnes & Noble. The center is located on the corner of Westheimer Rd and Post Oak Blvd, at the epicenter of Houston's dominant retail destination which is immediately across the street from the Houston Galleria, the fourth largest mall in the nation.
Arhaus Furniture's Centre at Post Oak location will mark its entry into the Texas market with a second opening in Austin, Texas to quickly follow. Arhaus Furniture currently operates 40 locations in 16 states and Washington D.C. Weingarten Realty welcomes the newest addition to the existing anchor line-up, including Nordstrom Rack, Marshalls, Grand Lux Café and Old Navy. Much like Arhaus Furniture, Nordstrom Rack and Grand Lux Café also elected to enter the Houston market at the Centre at Post Oak due to the center's enviable location.
"We are thrilled Arhaus Furniture chose Centre at Post Oak for their first Texas store, as they had many other alternatives," said Brooke J Harvey, Leasing Director for Weingarten Realty. "We believe Arhaus Furniture is a great fit for the shopping center as they add a great dimension to the merchandising mix. I am confident they will be very successful in Houston, much like they are all over the country, due to having such a unique furniture and home accessory offering."
Arhaus Furniture began in 1986 with a passion to provide unique, high quality, well designed home furnishings with a handful of people who believed in a better way of living. Arhaus Furniture designs their own products and searches for the best manufacturers to ensure each piece of furniture meets their high quality standards. Committed to preserving the earth's resources, Arhaus Furniture uses recycled natural resources to give new life to unique, yet functional pieces.
"Arhaus Furniture is very excited about entering the vibrant Texas market in one of the premier shopping locations in the country," said Greg Teed, Chief Financial Officer for Arhaus.
Arhaus Furniture opening slated for First Quarter of 2013. Brooke Harvey handled negotiations on behalf of Weingarten Realty and Kevin Kohnen and Jeff Mason with Mason Retail Group represented Arhaus Furniture.
About Weingarten Realty Investors
Weingarten Realty Investors (NYSE: WRI) is a commercial real estate owner, manager and developer. At March 31, 2012, the Company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 375 developed income-producing properties and 11 properties under various stages of construction and development. The total number of properties includes 309 neighborhood and community shopping centers located in 22 states spanning the country from coast to coast. The Company also owns 73 industrial projects located in California, Florida, Georgia, Tennessee, Texas and Virginia and three other operating properties located in Arizona and Texas. At March 31, 2012, the Company operated a portfolio of properties representing approximately 74.1 million square feet. To learn more about the Company's operations and growth strategies, please visit www.weingarten.com.
Carrie Murray, (713) 866-6959