Houston – Locally based Weingarten Realty Investors recently acquired Colonial Plaza Marketcenter in Orlando, Fla. The 480,000-sq.-ft. community center was purchased for $54 million from Atlanta-based Cousins Properties Inc.

Colonial Plaza is currently 97% leased and is anchored by Old Navy, Barnes & Noble, Linens ‘N Things, Marshalls, Rhodes, Babies ‘R’ Us, Staples, Ross Dress For Less, Just For Feet and Circuit City.