"These properties are worn out and tired. They're open-aircenters that deteriorated because of time and need freshening up,"says Dick Vaughan, Whitestone's VP of marketing and investorrelations. He says that the assets, which are scattered throughoutHouston, are in well-located, high-traffic areas with decentdemographics.
The first asset to be upgraded will be the 42,924-sf WestchasePlaza, situated on 4.7 acres at 3700 S. Gessner Rd. Vaughan tellsGlobeSt.com that approximately $1 million will go into the center,which will include exterior renovation and construction of anadditional 5,000 sf of office space.
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