July 6, 2011

RESTAURANT PROPERTIES PURCHASED FOR INVESTMENT

CEDAR PARK—Brad Bailey, senior vice president and director of investment sales – Central Texas for The Weitzman Group, representing the seller, and Ryder Jeanes, a senior vice president with Weitzman’s Commercial Retail Division, representing the purchaser, have negotiated the sale of a two-restaurant property, Whitestone Square, to a Dallas-based limited partnership.

Whitestone Square, located at 1105 North Bell Boulevard, features two restaurant properties on separate pad sites shadow-anchored by Walmart Supercenter and was purchased as an investment. The purchase price was not disclosed. The transaction involved a 2,547-square-foot Pizza Hut and a ground lease for Long John Silver’s quick-service seafood restaurant.