10/10/2008 22:42:00

Weingarten Realty Announces Hobby Lobby Joins Perimeter Village Shopping Center as Co-Anchor

Weingarten Realty (NYSE:WRI) announced today that Hobby Lobby Stores,

Inc. signed a 40,000 square foot lease to co-anchor Perimeter Village

Shopping Center. Hobby Lobby is one of the largest full-line arts and

crafts retailers in the United States. The grand opening for Hobby Lobbys

new store is scheduled for late 1st quarter or

early 2nd quarter 2009.

Located in one of Atlantas most trendy retail

corridors at Ashford Dunwoody Road and Meadow Lane, Perimeter Village

serves the densely populated and affluent neighborhoods in the North

Atlanta and Dunwoody trade areas. Hobby Lobby will join an attractive

center that is anchored by a number of large, national retailers such as

Wal-Mart, Borders, DSW, Cost Plus/World Market and Ulta. Other tenants

include Jasons Deli, Supercuts, Schlotskys

Deli, Olive Garden, J.Alexander and Petland.

Lee Brody, Regional Leasing Director for Weingarten Realty said, Hobby

Lobby is a great addition to Perimeter Village. With the centers

convenient location in the upscale North Atlanta market, several

nationally recognized retailers are already located in the center. We

are extremely pleased that Hobby Lobbys

decision to move into our center makes such an outstanding complement to

our tenant mix. The number of popular retailers, combined with the centers

strategic location will make Perimeter Village one of the North Atlantas

favorite shopping destinations.

Glenn Edgin, Real Estate Representative for Hobby Lobby Stores, handled

tenant negotiations on behalf of his company. Perimeter

Village is at the crossroads of a prime retail location. Weve

been looking to open a store in Atlanta for some time, and the center

has it all. Based on site demographics and the draw of retailers such as

Borders, DSW, Cost Plus/World Market and others, we are delighted to

have found the ideal location for us to open our newest Hobby Lobby

Store.

The Hobby Lobby in Perimeter Village will be the companys

10th store in the Atlanta metro area.

About Hobby Lobby Stores, Inc.:

Based in Oklahoma City, Oklahoma, Hobby Lobby was started by David

Green in 1972 with 300 square feet of retail space. From that

modest beginning, Hobby Lobby has operates 403 stores in 33 states, with

projected sales of $1.8 billion dollars in 2007. Hobby Lobby

headquarters are located in a 3.4 million square foot manufacturing,

distribution and office complex. The operation, now known as

Hobby Lobby Creative Center is no longer just an arts and crafts store.

With departments ranging from crafts, hobbies, picture framing,

jewelry making, fashion fabrics, floral, cards & party, baskets,

wearable art, home accents, and holiday supplies, Hobby Lobby is the

place to shop for consumers that want super selection and super savings.

For more information on Hobby Lobby Stores, please visit www.hobbylobby.com.

About Weingarten Realty Investors:

As one of the largest real estate investment trusts listed on the New

York Stock Exchange, Weingarten Realty Investors (NYSE: WRI) is

celebrating its 60th anniversary as a commercial real estate owner,

manager and developer, incorporated in 1948. Focused on

delivering solid returns to shareholders, Weingarten is actively

developing, acquiring, and intensively managing properties in 23 states

that span the United States from coast-to-coast. The Company´s portfolio

of 415 properties includes 335 neighborhood and community shopping

centers and 80 industrial properties. Including tenant-owned square

footage, the Company´s portfolio currently totals more than 72 million

square feet under management. Weingarten has one of the most

diversified tenant bases of any major REIT in its sector, with the

largest of its 5,700 tenants comprising less than 3% of its rental

revenues. To learn more about the Company´s operations and growth

strategies, please visit http://www.weingarten.com.

Weingarten Realty Investors

Carrie Murray, 713-866-6959

Marketing

Manager

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