“Coffee and Cars” Monthly Showcase Increasing Foot Traffic by 26% at Whitestone’s Market Street at DC Ranch
December 31 2020 - 7:00AM
Scuderia Southwest’s “Coffee and Cars” will be starting the New
Year off with another high-octane event at Whitestone REIT’s Market
Street at DC Ranch property in North Scottsdale, Arizona. The
monthly Scottsdale Motorsports Gathering brings its collection of
Ferraris, Fords, Lamborghinis, Bentleys and other rare and exotic
cars back to Whitestone’s highly desirable DC Ranch property and
has become a significant foot traffic driver to the property,
increasing traffic 26% on the Saturdays the event is held as
compared to other Saturdays in the month.
The highly anticipated event, which gathers on the first
Saturday of every month, began in October at DC Ranch and kicks off
again this Saturday, January 2nd at 7am, Mountain Standard Time.
Market Street at DC Ranch is located at 20789 North Pima Road, and
has hosted over 150 exotic cars per event, and that number
continues to grow.
Jim Mastandrea, Chairman and CEO of Whitestone REIT commented,
“‘Coffee and Cars’ is quickly becoming a DC Ranch tradition as the
community welcomed it with open arms when it started here in
October.” Mr. Mastandrea continued,” Here at Whitestone we are
always looking for new, creative, and fun events to bring into our
communities. However, we admittedly did not anticipate this type of
successful response so quickly! Foot traffic to our property has
increased significantly, up 26%, which in turn has helped our
tenants grow sales.” Mr. Mastandrea concluded, “Given the
overwhelmingly positive response we have received from our Arizona
neighbors, we envision hosting similar events at other Whitestone
properties in our Texas markets in the future.”
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.
About Scuderia Southwest From its
beginning in 2001 as a couple of guys getting coffee, to the
current monthly gathering drawing hundreds of truly amazing cars,
Scuderia Southwest is a group of people who share a common interest
in great automobiles. We put on a few car events, organize a few
drives, pull a few g's on the track, and even congregate for a good
meal. We love all cars but have a particular passion for rare
exotic, high performance and collector cars and our activities
typically reflect that. From the 1962 250 GTO to the latest 812
Superfast, we are passionate about Ferraris. From the 1972 Miura to
the latest Aventador SV, we love Lamborghinis. The Mercedes 300 SL
Gullwing and SLS AMG, McLaren 675LT, Shelby Cobra, D & E-type
Jags, and Ford GT are just a few of the special cars we keep in our
garages. If you're a car guy or gal, come on out and let's share
some coffee, cool stories, and tech talk! For additional
information, please visit www.scuderiasouthwest.com .
Investors Contact:Kevin Reed, Director of
Investor RelationsWhitestone REIT(713)
435-2219ir@whitestonereit.com
Whitestone REIT (NYSE:WSR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Whitestone REIT (NYSE:WSR)
Historical Stock Chart
From Apr 2023 to Apr 2024