Whitestone REIT acquired the 216,944-square-foot BLVD Place shopping center in Houston last year.
HOUSTON—Locally-based Whitestone REIT has sold its legacy and underperforming Torrey Square shopping center here in a deal valued at $8.7 million.
Whitestone REIT states in a press announcement that the 106,000-square-foot shopping center sold at a cap rate of 6.7% and that the property's sale was “consistent with the company's strategy to improving the overall quality of its portfolio.”
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
