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Who knew that 8000 Sunset was worth almost $100 million? That's the amount that Houston, Texas-based real estate investment trust Weingarten paid to acquire the shopping center (tagline: "location is everything when the location has everything"), which is home to a Trader Joe's, a Crunch, a CB2 and a Burke Williams Spa as well as a Starbucks and a Veggie Grill. The company released a particularly dense, jargon-filled statement about the acquisition today.
· Weingarten [Official Site]
· 8000 Sunset [Official Site]
· 8000 Sunset Shopping Center Sold for $99 Million [Hollywood Patch]