Whitestone REIT Adds Lake Woodlands Crossing to its Houston Portfolio
HOUSTON, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) today announced the acquisition of Lake Woodlands Crossing, a 60,246 square foot retail property in The Woodlands, TX.
- HOUSTON, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) today announced the acquisition of Lake Woodlands Crossing, a 60,246 square foot retail property in The Woodlands, TX.
- “Lake Woodlands Crossing is a high-traffic center and benefits from a 1-mile radius average household income in excess of $250,000.”
“Whitestone, headquartered in Houston, now owns 57 open-air retail centers located in some of the fastest-growing markets in the country. - Lake Woodlands Crossing is at the heart of The Woodlands, across from Market Street—a luxury brand, walkable outdoor shopping center anchored by powerhouse Texas grocer H-E-B.
- This acquisition brings our Houston portfolio to 14 properties and allows us to leverage our in-place leasing, property management and construction teams,” said Whitestone REIT Chief Executive Officer, Dave Holeman.