Whitestone REIT Acquires The Pinnacle of Scottsdale for $29 Million

Whitestone REIT

, a fully integrated real estate company that owns, operates and re-develops Community Centered Properties^, which are visibly located properties in established or developing culturally diverse neighborhoods, announced today that it has closed on the purchase of Phase I of Pinnacle of Scottsdale, a 113,108 square foot 100% leased Class A Community Center in North Scottsdale, for $29 million. Phase I is adjacent to 4.45 acres of developed land with approximately 400 linear feet of frontage on Scottsdale Road and the potential for additional retail development.