Whitestone REIT acquires Fountain Hills Plaza for $20.5M

Fountain Hills Plaza shopping area
Fountain Hills Plaza shopping area

The Wall Street Journal

Whitestone REIT (NYSE: WSR — “Whitestone”), a fully integrated real estate company that owns, operates and re-develops Community Centered Properties(TM), announced today that it has completed the purchase of Fountain Hills Plaza, a Class-A, neighborhood retail center in Fountain Hills, Arizona for $20.5 million. The 111,289 square foot, grocersy and hardware store dual-anchored center serves the town of Fountain Hills, Arizona, an affluent master-planned community of 10,000 households.

Whitestone REIT (NYSE:WSR) Acquired Fountain Hills Plaza in the award winning master planned community of Fountain Hills for $20.5 Million. The center is located at 16605 Palisades Blvd, on the Southwest corner of Palisades Blvd & La Montana Drive. The 111,289 square foot center is dual-anchored and includes a broad tenant mix of dining establishments and personal care services and retailers. For leasing information see www.whitestonereit.com (Photo: Business Wire)



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