Whitestone REIT WSR, 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.
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