{"id":1004777527,"date":"2025-11-10T05:04:06","date_gmt":"2025-11-10T13:04:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004777527"},"modified":"2025-11-17T01:21:17","modified_gmt":"2025-11-17T09:21:17","slug":"whitestone-reit-buys-metroplex-retail-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/whitestone-reit-buys-metroplex-retail-center\/","title":{"rendered":"Whitestone REIT Buys Metroplex Retail Center"},"content":{"rendered":"\n<p>Whitestone REIT has acquired the 90,391-square-foot, restaurant-anchored World Cup Plaza in Frisco, Texas, in the Dallas\u2013Fort Worth Metroplex.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/World-Cup-Plaza.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004777530\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/whitestone-reit-buys-metroplex-retail-center\/world-cup-plaza\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/World-Cup-Plaza.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1759865125&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"World Cup Plaza\" data-image-description=\"&lt;p&gt;Image came with the press release: https:\/\/www.globenewswire.com\/news-release\/2025\/11\/07\/3183529\/7647\/en\/Whitestone-REIT-Acquires-Primely-Located-World-Cup-Plaza-in-Frisco-Texas.html# &lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;World Cup Plaza is adjacent to the 21,000-seat Toyota Stadium that will serve as a base camp for the 2026 FIFA World Cup. Image courtesy of Whitestone REIT&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/World-Cup-Plaza.jpg?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/World-Cup-Plaza.jpg\" alt=\"World Cup Plaza in Frisco, Texas\" class=\"wp-image-1004777530\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/World-Cup-Plaza.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/World-Cup-Plaza.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/World-Cup-Plaza.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><figcaption class=\"wp-element-caption\">World Cup Plaza is adjacent to the 21,000-seat Toyota Stadium that will serve as a base camp for the 2026 FIFA World Cup. <em>Image courtesy of Whitestone REIT<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>World Cup Plaza is at the northeast corner of Main Street and Dallas North Tollway, across the street from Frisco Square, a 147-acre pedestrian-friendly, mixed-use development with 1.5 million square feet of office space and 1,400 apartments. Two nearby high schools also help drive traffic to the center.<\/p>\n\n\n\n<p>The center is also adjacent to Toyota Stadium, the home of FC Dallas, the Metroplex\u2019s professional soccer club, playing in Major League Soccer\u2019s Western Conference. The 21,000-seat stadium is currently undergoing a $182 million renovation and attracts more than 1.4 million visitors annually.<\/p>\n\n\n\n<p>The transaction\u2019s dollar value and the identity of the seller were not disclosed, but information provided by Yardi Matrix indicates that the previous owner was Basharkhah Engineering, of Dallas.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/whats-driving-mixed-use-design\/\">What\u2019s Driving Mixed-Use Design<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>World Cup Plaza was developed in 2007 and currently features a mix of necessity retailers and restaurants that includes Blue Goose Cantina, The Green Gator, The NOW Massage, Hikari Sushi &amp; Grill, Lemma Coffee Roasters, Rotate Bar &amp; Kitchen, Frisco Soccer Association and Wells Fargo.<\/p>\n\n\n\n<p>A review of the center\u2019s marketing brochure indicates that it\u2019s about 14 percent vacant.<\/p>\n\n\n\n<p>In prepared comments, Whitestone CEO Dave Holeman referred to the transaction as an opportunistic acquisition.<\/p>\n\n\n\n<p>Whitestone focuses on open-air shopping centers in Texas and Arizona and also owns four other shopping centers near World Cup Plaza: Headquarters Village, The Shops at Starwood, Lakeside Market and Eldorado Plaza.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-good-signs-at-midyear\">Good signs at midyear<\/h2>\n\n\n\n<p>The Dallas\u2013Fort Worth retail market has been seeing an increase in net absorption, with a 10-basis-point decline in overall vacancy in the second quarter, according to a report from Partners Real Estate. In line with regional <a href=\"https:\/\/www.commercialsearch.com\/news\/whats-driving-mixed-use-design\/\">retail trends<\/a>, the research study noted that the 4.8 percent vacancy \u201cremains low compared to historical highs between 9 percent and 10 percent.\u201d<\/p>\n\n\n\n<p>Net absorption in the second quarter hit 1.1 million square feet, as Far North Dallas was one of the submarkets that contributed the most. Leasing was substantial, at 2.2 million square feet, a 7.3 percent increase from the first quarter.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/whitestone-reit-buys-phoenix-area-retail-center\/\">Whitestone added to its Arizona portfolio<\/a> in April 2024 with the acquisition of Scottsdale Commons, a 69,482-square-foot shopping center in Scottsdale, Ariz. C&amp;H Development sold the center for $22.2 million, in an all-cash deal in which CBRE Senior VP Joseph Compagno and VP Benjamin Farthing represented both parties.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The property is adjacent to the Toyota Stadium, which will serve as a base camp for the 2026 FIFA World Cup.<\/p>\n","protected":false},"author":882,"featured_media":1004777530,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21783,21742,21749,51973],"tags":[52018,35091],"class_list":["post-1004777527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-investment","category-latest","category-retail","category-southwest","tag-partners-real-estate","tag-whitestone-reit"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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