Whitestone REIT Celebrates 100% Occupancy of its Parkside Village South Property with the Grand Opening of Keepers Coastal Ki...
July 14 2021 - 8:00AM
Whitestone REIT (or “Whitestone” or “the Company") (NYSE:WSR) today
announced that its Parkside Village South property is 100% occupied
as it joins the South Austin community in celebrating the grand
opening of Keepers Coastal Kitchen. This property milestone
increases Whitestone’s Austin/San Antonio division’s occupancy to
97.3%.
Keepers Coastal Kitchen, a casual,
family-friendly seafood concept — is one of two restaurants being
introduced by restauranteurs, chef Amir Hajimaleki and his brother,
Ali Hajimaleki. It shares 8,043 square feet in Whitestone’s
90,101-square-foot Parkside Village South with the Hajimaleki
brothers’ other on-site restaurant, Oasthouse Kitchen + Bar, which
is under construction and scheduled to open in Fall 2021.
Keepers Coastal Kitchen is joined by Parkside
Village South’s curated mix of other tenants, including Alamo
Drafthouse Cinema, Austin Diagnostic Center, SignatureCare
Emergency Center, Austin Mail Express, Reid’s Cleaners and Laundry,
Face to Face Spa, Summer Moon Coffee, tcby, and ATX Bikes.
“With a traffic count of 59,794 vehicles per day
and an average household income of just under $100,000 within a
3-mile radius, Parkside Village South continues to be a dynamic
18-hour/day community hub, providing surrounding neighborhoods with
a diverse range of essential goods and services by the tailored mix
of eCommerce-resistant entrepreneurial tenants featured in this
property,” said Chairman and CEO Jim Mastandrea.
“The quality of our properties managed by our
skilled team, who also are shareholders, create a vibrant
atmosphere for customers who visit our properties. This showcases
our properties as highly desirable locations for growing businesses
and consistent contributors of institutional value for our
shareholders,” Mastandrea explained. “It is an excellent example of
the strength of Whitestone’s business model and our 5.1
million-square-foot portfolio of 59 high-quality, open-air,
lifestyle-focused properties that attract customers throughout the
day and evening.”
About Whitestone REITWhitestone
is a community-centered shopping center REIT that acquires, owns,
manages, develops, and redevelops high-quality neighborhood centers
primarily in the largest, fastest-growing and most affluent markets
in the Sunbelt.
Whitestone seeks to create Communities That
Thrive through Creating Local Connections between consumers in the
surrounding communities and a well-crafted mix of local, regional
and national tenants that provide daily necessities, needed
services, entertainment, and experiences.
Whitestone (NYSE: WSR) pays monthly dividends to
its shareholders and it has consistently done so for more than 15
years. Whitestone’s strong balanced and managed capital
structure provides stability and flexibility for growth and
positions Whitestone to perform well through economic cycles. For
additional information, please visit www.whitestonereit.com.
Safe Harbor StatementThis press
release includes "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended (the
“Securities Act”) and Section 21E of the Securities Exchange Act of
1934, as amended (the “Exchange Act”). The Company intends for all
such forward-looking statements to be covered by the safe-harbor
provisions for forward-looking statements contained in Section 27A
of the Securities Act and Section 21E of the Exchange Act, as
applicable. Forward-looking statements generally can be identified
by the use of forward-looking terminology such as "may," "should,"
"could," "would," "predicts," "potential," "continue," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates" or similar expressions or their negatives, as well as
statements in future tense. Although the Company believes that the
expectations reflected in such forward-looking statements are based
upon reasonable assumptions, beliefs and expectations, such
forward-looking statements are not predictions of future events or
guarantees of future performance and our actual results could
differ materially from those set forth in the forward-looking
statements. For a description of certain of such factors, see the
section entitled "Risk Factors" in the Company's Annual Report on
Form 10-K for the year ended December 31, 2020, and the Company's
other filings with the Securities and Exchange Commission.
Any forward-looking information presented herein is made only as of
the date of this press release, and the Company does not undertake
any obligation to update or revise any forward-looking information
to reflect changes in assumptions, the occurrence of unanticipated
events, or otherwise.
Investor and Media
Contact:Rebecca ElliottVice President, Corporate
CommunicationsWhitestone REIT(713)
435-2228ir@whitestonereit.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/829ed138-7c26-4a74-b7c2-68606cce7e6c
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