PHOENIX-Houston-based Whitestone REIT has bought Sunnyslope Village, a 111,227 square-foot, Class B community center situated in Phoenix, Arizona, for an amount of $6.4 million or about $58 per square foot.
This community center is the second acquisition for the real estate investment trust in Phoenix. Another property called The Citadel, a Class A community center situated in Scottsdale, was also recently acquired by the firm for about $2.2 million. For the full story, go to Houston Business Journal.
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