HOUSTON, Sept. 16, 2015 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or "the Company") today welcomed Beauty Empire, a local credit tenant, to its Providence Square community centered property in Houston, Texas. Beauty Empire, which has leased 9,724 square feet, is a rapidly growing beauty supply product store with more than 19 locations in the greater Houston area.
With Beauty Empire, Providence Square is 99% leased and enjoys a daily traffic count of over 57,000 cars. The family-focused retail center's diverse tenant mix reflects Whitestone's business model and includes national, regional and local tenants. Beauty Empire joins Providence Square's other service-oriented tenants, such as Dollar Tree, SPECS Fine Wines & Foods and Ace Hardware, who meet the daily needs of the residents living in the surrounding neighborhoods.
"We are excited to welcome Beauty Empire to Providence Square," stated Jim Mastandrea, Chairman and Chief Executive Officer. "Their expansion into our center demonstrates a key aspect of our business model, which is to help our tenants profitably grow. Our systems and culture are designed around meeting the needs of our tenants and their customers to foster long-term customer loyalty and help tenants build successful businesses. Their success is our success."
About Whitestone REIT
Whitestone REIT (NYSE:WSR) is a fully integrated real estate investment trust ("REIT") that owns, redevelops, repositions, leases, manages and operates Community Centered PropertiesTM. Whitestone focuses on value creation in its community centers, concentrating on local service-oriented tenants. Whitestone's diversified tenant base provides service offerings including specialty retail, grocery, restaurants, medical, educational and financial services. Founded in 1998, the Company is internally managed with a portfolio of 70 commercial properties in Texas, Arizona and Illinois. For additional information about the Company, please visit www.whitestonereit.com.