Whitestone REIT (NYSE:WSR) is a fully integrated real estate investment trust that owns, operates and redevelops Community Centered Properties™
Sunset at Pinnacle Peak
Sunset at Pinnacle Peak, a mini lifestyle community center, is strategically positioned in the marketplace on Pinnacle Peak Road, midway between two Whitestone community centers: Pinnacle of Scottsdale at Scottsdale Road and The Citadel at Pima Road.
Starwood Phase III
Whitestone REIT broke ground on this fully-leased center in Frisco, Texas. Phase III, which will cost approximately $6.9 million to build, will add 38,200SF to the Class A mixed-use property, of which 26,700SF is expected to be restaurant and retail space and 11,500SF will be executive office space.
Whitestone REIT’s second and third service-oriented centers are in the fast-growing and economically-strong Austin market. Two Class-A neighborhood community centers, in close proximity to one another and with a total of 117,146 square feet of leasable space, were acquired for a total of $45.0 million and are 100% leased.