Whitestone Continues to Add Tenants, Welcoming the Opening of Local Entrepreneur Sheila Bryson’s Latest Restaurant, ALMA, t...
December 07 2020 - 7:00AM
Whitestone REIT (NYSE: WSR) is pleased to announce well-known local
entrepreneur and restaurateur Sheila Bryson has done it again… this
time, despite COVID. Sheila is opening her sixth business venture,
and fourth restaurant, within the business-friendly confines of
another Whitestone community. ALMA restaurant, a chef-inspired
“West by Southwest” creation, will be opening at Scottsdale
Seville, in Scottsdale, AZ.
After successful launches of Soul Café, an upscale comfort food
restaurant at Sunset at Pinnacle Peak property a few years back,
and Vic & Ola’s, an Italian cuisine restaurant, and the Copper
Club, a banquet & catering venue, last year at Whitestone’s
Market Street at DC Ranch property, Sheila is bringing her latest
restaurant venture to another highly sought after Whitestone
locale.
Scottsdale Seville is a 90,000+ square foot, 18-hour
neighborhood center in a very enviable location. At the crossroads
of Paradise Valley and Scottsdale with a traffic count of 62,400
vehicles per day on Scottsdale Rd., the center is across the street
from the luxury megadevelopment, The Palmeraie by Ritz Carlton The
Palmeraie - Green Living Magazine, and the highly desirable Fendi
Private Residences Robb Report - Fendi Private Residences of
Scottsdale AZ. Scottsdale Seville is also across the street from
the McCormick-Stillman Railroad Park, which attracts over a million
visitors per year. Whitestone’s other major tenants at Seville
include Ruth’s Chris Steak House, Orange Theory Fitness, Starbucks,
Massage Envy, and now, ALMA.
Whitestone Chairman and CEO Jim Mastandrea commented,
“Whitestone’s tenant base continues to grow, and we are pleased to
have Chef Sheila be a part of our Scottsdale Seville community. We
often say, ‘local knows local best’ and take great pride in helping
incubate Sheila’s first restaurant, Soul Café, in 2012.” Mr.
Mastandrea continued, “Our focus remains on strong operators who
are well capitalized entrepreneurs and expand their businesses to
achieve their own distinctive ‘American Dream.’ Our large base of
entrepreneurial tenants --which is contrarian to the traditional
large national retailer real estate held in many REITS-- has
demonstrated financial strength before and during COVID, and we
expect it to continue after the pandemic as well.” Mr. Mastandrea
concluded, “Chef Sheila has been part of the Whitestone family
since we first expanded into Scottsdale and we are pleased she
chose yet another one of our properties to share her creative
talents with food lovers.”
About ALMA ALMA is a
woman-owned and operated restaurant by Executive Chef Sheila
Bryson, offering eclectic dishes influenced by the flavors and
cultures of the Southwest. Committed to giving the true tastes of
authentic & traditional Mexican cooking, Alma uses only the
best ingredients and prepares everything in house daily - handmade
corn & flour tortillas, nine different salsas, and slow roasted
barbacoa to name a few. The outdoor beauty of Arizona is brought
inside through a large patio and lounge, with windows and doors
that stay open year-round. The indoor/outdoor bar and expansive
lounge seating is perfectly paired with an extensive tequila &
mezcal list and an impressive cocktail program.
About Whitestone REIT Whitestone 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
national, regional and local tenants that provide daily
necessities, needed services, entertainment and
experiences.
Whitestone is a monthly dividend paying stock and has
consistently paid dividends for over 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.
Investors Contact:Kevin Reed, Director of
Investor RelationsWhitestone REIT(713)
435-2219ir@whitestonereit.com
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