BLVD Place Changes Hands, Additional Mid-Rise Planned
Whitestone REIT has completed the purchase of BLVD Place, the 217K SF mixed-use development on South Post Oak in Uptown. Whitestone bought the development anchored by Whole Foods for $158M, according to Realty News Report. A 1.4-acre tract was included in the deal. Whitestone will build a six-story mid-rise with 91K SF of office space atop 46K SF of retail space on that land.
BLVD Place was developed and owned by a partnership between Houston-based Wulfe & Co. and Bailard Inc. of San Francisco. BLVD Place is 99.2% occupied.
HFF's Rusty Tamlyn, Matt Kafka and Trent Agnew repped the Wulfe-Bailard entity. Broker information for Whitestone REIT was not provided.