HOUSTON--(BUSINESS WIRE)--
Whitestone REIT (NYSE: WSR), a fully integrated real estate company that
owns, re-develops, leases, manages, and operates Community Centered
PropertiesTM, announced that the Company and Burke’s Outlet
Stores, LLC have commenced a new lease for a location at Whitestone’s
Windsor Park Centre propertyin Windcrest, Texas, a suburb of
San Antonio. Whitestone has turned the space over to Burke's, who will
complete their build out of the store, with a February, 2014 planned
grand opening.
James C. Mastandrea, Whitestone’s Chairman and Chief Executive Officer,
said, “We are pleased to welcome Burke’s to our Windsor Park property,
and offer expanded shopping options to residents of the surrounding
community. The addition of Burke’s will complement the existing tenant
mix and bring the overall occupancy of this center to over 95%,
enhancing the vibrancy of this established center.” Mastandrea added,
"Our corporate-wide leasing efforts have picked up significant pace in
the fourth quarter and we expect them to remain robust during 2014 as we
continue to redevelop, re-tenant and increase rents in our properties.”
About Windsor Park Centre
Windsor Park is a 196,458 square foot community center conveniently
located near the on/off ramps from the “go-home” side of I-35 and NE
Loop 410 in San Antonio, Texas. The center is home to popular retailers
including Office Depot, PETSMART, Ross Dress for Less, and Cavender’s.
About Whitestone REIT
Whitestone REIT (NYSE: WSR) is a fully integrated real estate investment
trust that owns, operates and redevelops Community Centered PropertiesTM.
Whitestone focuses on value creation in its community centers,
concentrating on local service-oriented, smaller space tenants (less
than 3,000 square feet). Whitestone has a diversified tenant base
concentrated on service offerings including medical, education, casual
dining, and convenience services. The largest of its approximate 1,200
tenants comprised less than 1.6% of its annualized base rental revenues
as of September 30, 2013. Founded in 1998, the Company is internally
managed with a portfolio of commercial properties in Texas, Arizona, and
Illinois. For additional information about the Company, please visit www.whitestonereit.com.
The Investor Relations section of the Company's website has links to
Whitestone’s filings with the Securities and Exchange Commission, news
releases, financial reports and investor newsletters.
Whitestone REIT
Suzy Taylor, 713-435-2219
Director of
Investor Relations
STaylor@WhitestoneREIT.com
Source: Whitestone REIT