Whitestone REIT Adds Specialty Food Component at Lake Woodlands Crossing and Sugar Park Plaza Centers
07 Novembro 2023 - 10:30AM
Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) is
pleased to share leasing updates for two of its open-air shopping
centers in Houston. The Company added Wild Fork, a modern-day meat
and seafood market, at Lake Woodlands Crossing, bringing occupancy
at the Total Wine anchored center to 100%. In addition, Whitestone
added Vishala Foods, specializing in spices and produce used in
Indian cuisine, at Sugar Park Plaza.
“We’re pleased to add a grocery component at the
Lake Woodlands Center as well as a market meeting local demands
with Vishala Foods at Sugar Park Plaza,” stated Whitestone’s COO,
Christine Mastandrea. “Wild Fork has a strong and loyal following
throughout the country, especially within the farm to fork
community and Vishala is very popular in Greater Houston, and they
both help fill a void in the market for specialty foods. We look
forward to continuing this exciting leasing momentum throughout our
portfolio.”
Lake Woodlands Crossing (“Property”) is a 60,000
square-foot retail center located in the heart of The Woodlands,
across from Market Street – a luxury brand, walkable outdoor
shopping center with a 1-mile average household income in excess of
$250,000. The property is located in close proximity to numerous
corporate campuses and businesses, including Huntsman Corporation,
Halliburton, Baker Hughes, OXY and Woodforest National Bank.
Whitestone acquired the property in December 2022.
Whitestone CEO, Dave Holeman, commented, “Our
bringing Lake Woodlands Crossing from 89% occupancy to 100%
occupancy in under a year reflects our leasing team’s ability
to add value using local knowledge and technology. We continue to
see a strong leasing environment in Texas and Arizona as consumers
continue to frequent the service-oriented businesses of tenants at
our centers.”
Vishala’s addition at Sugar Park marks its 2nd
location at a Whitestone property and 8th location overall. Vishala
joins a highly synergistic merchandising mix at the 90,000 square
foot Sugar Park Plaza, which lies at the entrance to the
fast-growing Fort Bend County neighborhoods of Stafford, Missouri
City, and Sugar land.
About Whitestone REIT
Whitestone REIT (NYSE: WSR) is a
community-centered real estate investment trust (REIT) that
acquires, owns, operates, and develops open-air, retail centers
located in some of the fastest growing markets in the country:
Phoenix, Austin, Dallas-Fort Worth, Houston and San
Antonio.
Our centers are convenience focused:
merchandised with a mix of service-oriented tenants providing food
(restaurants and grocers), self-care (health and fitness), services
(financial and logistics), education and entertainment to the
surrounding communities. The Company believes its strong community
connections and deep tenant relationships are key to the success of
its current centers and its acquisition strategy. For additional
information, please visit the Company's investor relations
website.
Investor and Media Contact:
David MordyDirector of Investor RelationsWhitestone REIT(713)
435-2219ir@whitestonereit.com
Whitestone REIT (NYSE:WSR)
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