- Davenport Village is Whitestone's (NYSE:WSR +0.4%) 40th community centered shopping center in Texas, its 65th overall, and first in the Austin area.
- The property has 129K square feet of leasable space and 34 tenants. It's currently 87% leased with considerable lease-up and value-add potential, says the company.
- Terms of the deal weren't disclosed, but it was funded from the company's $500M credit line. Whitestone expects the purchase will be immediately accretive to earnings and cash flow.
- Source: Press Release