Whitestone REIT (NYSE: WSR) has acquired the 90,391-square-foot World Cup Plaza in the Dallas suburb of Frisco, Texas.
Located adjacent to FC Dallas: Toyota Stadium, World Cup Plaza was developed in 2007 and hosts a mix of retailers and restaurants, including Blue Goose Cantina, The Green Gator, The NOW Massage, Hikari Sushi & Grill, Lemma Coffee Roasters, Rotate Bar & Kitchen, Frisco Soccer Association and Wells Fargo. The financial terms of the acquisition were not disclosed.
“The strategic addition of World Cup Plaza allows us to further strengthen our presence in thriving Frisco, which is home to several headquarters, including the PGA of America and the Dallas Cowboys,” stated Christine Mastandrea, president and chief operating office of Whitestone REIT. “The center aligns with our investment thesis of acquiring well-located, neighborhood shopping centers in growing markets with strong upside potential that can be realized through our best-in-class leasing platform and operational expertise.”
In addition to World Cup Plaza, Whitestone also owns four other shopping centers nearby: Headquarters Village, The Shops at Starwood, Lakeside Market and Eldorado Plaza.
