Whitestone REIT (NYSE: WSR) acquired 5000 South Hulen, an 86,907-square-foot shopping center in Fort Worth. This high-volume acquisition marks Whitestone’s 29th asset in Texas and 10th in the Dallas-Fort Worth metroplex. Trademark and ALTO Real Estate were the sellers.
Located adjacent to Hulen Mall, 5000 South Hulen is between two heavily traveled thoroughfares: I-20 and Hulen Street, which collectively attract more than 182,000 vehicles per day. 5000 South Hulen is home to a mix of national and regional businesses, including Sephora, Old Navy, Barnes & Noble, Potbelly, Sports Clips, Kincaid’s Hamburgers and Jamba Juice.
“We are pleased to add 5000 South Hulen to our Dallas/Ft. Worth portfolio, which will allow us to leverage our in-place leasing and property management teams and apply our operational expertise at the asset level to drive further corporate level earnings growth and value for our shareholders.” said Dave Holeman, CEO of Whitestone REIT.
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