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 Walmart
Neighborhood Market have commenced a new lease at Whitestone’s
Marketplace at Central propertyin Phoenix, Arizona.
Whitestone has turned the space over to Walmart Neighborhood Market, who
will complete their build out of the store, with a planned mid-2014
grand opening.
James C. Mastandrea, Whitestone’s Chairman and Chief Executive Officer,
said, “We continue to see significant progress on the leasing front with
the addition of Walmart Neighborhood Market to our Marketplace at
Central Community Centered PropertyTM. We expect robust
activity during 2014 as we continue to redevelop, re-tenant and increase
rents in our properties.”
About Marketplace at Central
Marketplace at Central is a community retail center, with over 111,000
square feet of leasable space. It is conveniently located across from
John C. Lincoln Hospital, in a densely populated, established urban
neighborhood, at the intersection of E. Dunlap and N. Central Avenue in
Phoenix, Arizona. The center is home to popular retailers including Ross
Dress for Less and Dollar Tree.
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.
Investor Contact Whitestone REIT:
Suzy Taylor, (713) 435-2219
Director
of Investor Relations
STaylor@WhitestoneREIT.com
Source: Whitestone REIT