The two-building retail center anchored by Petco is currently 96 percent leased. The asset is across the street from the Mall of Georgia, and along a route with a daily traffic count of 31,000 vehicles.
The refinanced portfolio comprises 98.1 percent leased retail centers anchored by grocery stores, including ShopRite, Aldi, Home Depot and more. The loans include 14 fixed- and two floating-rate facilities with terms ranging from seven to 13 years.
Whitestone REIT opened the third phase of The Shops at Starwood in Frisco, Texas. Multiple retailers and restaurants will set up shop in the new space, including Beverly Hills Rejuvenation Center, Oasis Accents and Up Inspired Kitchen.