Whitestone REIT Acquires Fort Worth Retail Center
Whitestone REIT (NYSE: WSR) has announced its acquisition of 5000 South Hulen, an 86,907-square-foot shopping center located in Fort Worth, Texas. This marks Whitestone’s 29th property in the state and its 10th in the Dallas-Fort Worth metroplex. The property was purchased from sellers Trademark and ALTO Real Estate.
Strategically positioned adjacent to the Hulen Mall, the shopping center lies between two major traffic corridors — I-20 and Hulen Street — which see a combined traffic volume of more than 182,000 vehicles per day. The tenant lineup at 5000 South Hulen includes a dynamic mix of national and regional retailers such as Sephora, Old Navy, Barnes & Noble, Potbelly, Sports Clips, Kincaid’s Hamburgers, and Jamba Juice.
“We are pleased to add 5000 South Hulen to our Dallas/Fort Worth portfolio, which will allow us to leverage our in-place leasing and property management teams and apply our operational expertise at the asset level to drive further corporate-level earnings growth and value for our shareholders,” said Dave Holeman, CEO of Whitestone REIT.
