Whitestone REIT acquired the216,944-square-foot BLVD Place shopping center in Houston lastyear.
HOUSTON—Locally-based Whitestone REIT has sold its legacy andunderperforming Torrey Square shopping center here in a deal valuedat $8.7 million.
Whitestone REIT states in a press announcement that the106,000-square-foot shopping center sold at a cap rate of 6.7% andthat the property's sale was “consistent with the company'sstrategy to improving the overall quality of its portfolio.”
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
