Whitestone REIT Expands Houston Portfolio to 10 Centers

Whitestone REIT has acquired Ashford Village, an 81,407-square-foot grocery-anchored neighborhood shopping center in Houston, marking its 10th such acquisition in the city. The center is anchored by Seiwa Market, the largest Japanese grocery store in Houston, serving the area's large Asian community. Situated strategically between Interstate 10 and the Westpark Tollway near Houston's Energy Corridor, Ashford Village benefits from high traffic and proximity to major corporate offices, enhancing its commercial appeal. This acquisition aligns with Whitestone's focus on community-centered properties in culturally diverse metropolitan areas and complements their portfolio, which includes retail and mixed-use properties across several major cities. Whitestone's management expressed confidence in leveraging their cultural expertise and operational platform to realize the center's potential, especially given its location near the Ashford Yard mixed-use development. This marks Whitestone's third Houston acquisition since 2022, reflecting their ongoing strategic expansion in the region.