Whitestone REIT Acquires Shops at Pecos Ranch for $19M

Whitestone REIT WSR announced today that it has closed on the off-market purchase of The Shops at Pecos Ranch, a 78,767 square foot 100% leased Community Center in Chandler, Arizona, for $18.95 million in an all-cash transaction. The Center has in-place cash flow of approximately $1.6 million, or 8.4% of the purchase price. Whitestone REIT WSR Acquired The Shops at Pecos Ranch for $19 Million. Popular restaurant venues and convenience service offerings drive traffic into the 100% leased 78,767 square foot class-A Community Center, which is strategically located on a high-traffic intersection (27,000 cars per day) at the corner of Germann Road at Dobson See full press release
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsGuidanceAsset SalesManagementM&A
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!