HOUSTON, Jan. 19, 2021 (GLOBE NEWSWIRE) — Whitestone REIT (NYSE: WSR) is pleased to welcome Gabriella’s American Cuisine to Arizona.
With the successful opening of Mercado at Scottsdale Ranch, co-owners Anthony and Anna Barr managed to leave San Francisco to join other successful entrepreneurs in the business-friendly market of Scottsdale, AZ. Prior to their move to Scottsdale, the couple ran two of the Bay Area’s largest and most successful corporate catering and event planning companies, Fork & Spoon Productions and Above & Beyond Catering.
According to a January 2021 study by U-Haul, the state of Arizona ranked in the top 5 states with the highest migration growth. According to the U.S. Census Bureau, Maricopa County, where Scottsdale is located, has consistently been one of the fastest growing counties in the nation for the past five years, holding the top spot for three consecutive years from 2017 to 2019.
Mercado at Scottsdale Ranch is an upscale 118,000 square foot property offering an abundance of services, retail and dining, located in an affluent neighborhood with an average household income within a 1 mile radius north of 134 $000 and an average home value of over $567,700.
The property is a 6pm neighborhood destination with busy tenants including Walgreens and Planet Fitness Gym. Other dining options available on-site are Eggstacy, Goldie’s, and Voila.
President and CEO Jim Mastandrea said, “We are thrilled to welcome Gabriella’s American Cuisine to the Whitestone family. The addition of proven and successful restaurateurs like Anthony and Anna is the raison d’être of our business model, serving our communities by providing the opportunities of the “American Dream” to entrepreneurs in high-growth, business-friendly markets. business.
About Whitestone REIT
Whitestone is a community-focused shopping center REIT that acquires, owns, manages, develops and redevelops high-quality neighborhood centers primarily in the Sunbelt’s largest, fastest growing and wealthiest markets.
Whitestone seeks to create Communities that thrive through Creating Local Connections between consumers in surrounding communities and a well-designed mix of national, regional and local tenants who provide daily necessities, necessary services, entertainment and experiences.
Whitestone is a monthly dividend paying stock and has consistently paid dividends for over 15 years.
Whitestone’s strong balanced and managed capital structure provides stability and flexibility for growth and allows Whitestone to perform well through economic cycles. For more information, please visit www.whitestonereit.com.
Kevin Reed, Director of Investor Relations