Fort Worth Whitestone Heritage traces $20M acquisition

NORTH FORT WORTH – Heritage Trace Plaza, a 98 percent leased property containing 70,431 sf of leasable area, has been acquired for $20.1 million by Whitestone REIT.

Heritage is anchored by Texas Health Resources and is located on Heritage Trace Pkwy. at the cornerstone of the master-planned, 18,000-acre Alliance Texas community.

The Class A Heritage Trace Plaza will serve as a destination for the 1,700 employees of the Federal Aviation Administration’s newly constructed Southwest Region Headquarters upon completion in 2015.

Property tenants in the plaza include include local restaurants Mooyah Burgers, McAlister’s Deli, and national franchises Subway, FedEx Office, Quest Diagnostics, and Allstate.

Heritage Trace Plaza is Whitestone’s sixth property in the Dallas-Fort Worth market.

Read more at GlobeNewswire.