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Whitestone Acquires 216,944 SF Mixed-Use Asset in Houston for $158M

Whitestone reportedly acquired BLVD Place in Houston for $158 million. (Photo courtesy of LoopNet Inc.)

HOUSTON — Whitestone REIT (NYSE: WSR) has acquired BLVD Place, a 216,944-square-foot, mixed-use property in Houston’s Galleria/Uptown neighborhood. Whitestone purchased the property for approximately $158 million, according to realtynewsreport.com. The property was 99 percent leased at the time of sale by tenants such as Whole Foods Market, Frost Bank and Verizon Wireless. The sale includes 1.4 acres upon which the company will develop a six-story mixed-use building featuring 46,000 square feet of retail space and 91,000 square feet of office space.

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