Saturday , 24 September 2016
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Whitestone REIT Buys Austin Retail Centers for $45M

Parkside Villages has been acquired by Whitestone REIT.

Parkside Villages has been acquired by Whitestone REIT.

AUSTIN — Whitestone REIT of Houston has acquired Parkside Village North and Parkside Village South in Austin for $45 million.

The two centers, near the entrance of the Circle C Ranch community off the Mopac Expressway, are 100 percent leased and contain a total of 117,146 square feet.

“With this acquisition closed, we have now invested $135 million in the Austin and San Antonio markets combined,” said James C. Mastandrea, Chairman and Chief ExecutiveOfficer of Whitestone. “Looking ahead, we expect to continue making acquisitions in both of these dynamic cities as our business gains traction, providing Whitestone with a leading position in each market.”

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