The firm will utilize the refinancing package, led by J.P. Morgan, to reposition the 30-story tower.
The $445 million sale of the 33-story tower has now closed.
Torrey Square posted the lowest base rent per-leased-square-foot in Whitestone’s wholly-owned portfolio. Since its IPO in 2010, Whitestone has improved its base rent per leased square foot by over 80%.
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