Westwood Financial Corp. Ends 2013 On High Note

LOS ANGELES – January 7, 2014 – (RealEstateRama) — Westwood Financial Corp. (WFC), one of the largest privately held owner-operators of retail properties in the U.S., is reporting its most successful year in its 42-year history with more than $325 million in acquisitions and dispositions in 32 separate trades in 2013. ”We are extremely pleased with 2013 and are expecting 2014 to be more of the same.” said Joe Dykstra, executive VP of WFC

Some of the highlights for 2013 include:

• Shops at Cape Coral: The purchase of the 82,231-square-foot Sweetbay Supermarket anchored retail center in Cape Coral, FL, from a local seller
• Westview Plaza: The purchase of the 25,018-square-foot retail center in Lone, Tree, CO, from CW Capital Asset Management.
• Chatham Marketplace: The purchase of the 9,711-square-foot Wal-Mart shadow anchored retail center in Chicago, IL, from a local seller
• Lakewood Colonial: The purchase of the 127,961-square-foot retail center in Lakewood, WA, from a local seller
• Shops at Travelers Rest: The purchase of the 17,243-square-foot retail center in Travelers Rest, SC, from LNR Partners
• Sycamore Plaza: The purchase of the 37,442-square-foot Wal-Mart and Smith’s shadow anchored retail center in Albuquerque, NM, from Kimko Realty Corporation. This is Westwood Financials first acquisition in Albuquerque, NM.
• Wyoming Mall: The purchase of the 51,713-square-foot Wal-Mart shadow anchored retail center in Albuquerque, NM, from Weingarten Realty Investors
• Cherry Road Crossing: The purchase of the 78,890-square-foot Bi-Lo anchored retail center in Rock Hill, NC, from a local seller
• Steele Creek Crossing: The purchase of the 77,103-square-foot Bi-Lo anchored retail center in Charlotte, NC, from Weingarten Realty Investors
• Randall Crossing: The purchase of the 27,521-square-foot retail center in Algonquin, IL, from a local seller
• Denton Towne Crossing: The purchase of the 35,716-square-foot Target and Home Depot shadow anchored retail center in Dallas, TX, from a local seller
• Draper Plaza: The purchase of the 24,770-square-foot Whole Foods shadow anchored retail center in Draper, UT, from a local seller. This is Westwood Financials first acquisition in Utah.
• Arapahoe Commons: The purchase of the 14,008-square-foot retail center in Aurora, CO, from a local seller
• Quorum II Shopping Center: The purchase of the 78,038-square-foot retail center in Addison, TX, from a local seller
• Agua Fria Plaza: The purchase of the 38,200-square-foot Fry’s shadow anchored retail center in Phoenix, AZ, from a local seller
• Shoppes at Castle Pines: The purchase of the 28,103-square-foot King Soopers shadow retail center in Castle Pines, CO, from a local seller
• Grandview Marketplace: The purchase of the 27,017-square-foot King Soopers shadow retail center in Colorado Springs, CO, from a local seller
• Golf Course Marketplace: The purchase of the 8,700-square-foot Smith’s shadow retail center in Albuquerque, NM, from a local seller
• Valley Ridge Shopping Center: The sale of the 12,170-square-foot Wal-Mart shadow anchored retail center located at 850 Valley Ridge Blvd, Lewisville, TX
• Barrett Creek Shopping Center: The $7.785 million sale of the 28,481 square foot retail center located at 125 Ernest Barrett Pkwy, Marietta, GA
• Gateway Shopping Center: The $28.64 million sale of the 77,970 square foot retail center located at 23972-24042 Alicia Pkwy, Mission Viejo, CA
• Village at Highlands Ranch: The sale of the 44,412 square foot retail center located at 9563 & 9567 South University Blvd, Highlands Ranch, CO
• San Ysidro Shopping Center: The sale of the 260,970 square foot Kmart, Ross and Marshalls anchored retail center located at 4310-4558 Camino De La Plaza, San Diego, CA
• Camden Village: The $6.15 million sale of the 30,975-square-foot retail center located at 3719 Old Alabama Road, Johns Creek, GA.
• Sheridan Crossing: The sale of the 132,549 square foot Sprouts, Staples and Big Lots anchored retail center located at 4830-5180 West 120th Ave, Westminster, CO
• Melrose Shopping Center: The $3.88 million sale of the 6,300-square-foot retail center located at 5784-5788 Melrose Ave, Los Angeles, CA
• Heatherwood Plaza: The $3.9 million sale of the 22,055-square-foot Fry’s shadow anchored retail center at 5800-5843 W. Thunderbird Rd and 13619-13637 N 58th Ave, Glendale, AZ
• Crossroads of Tempe: The $5.5 million sale of the 39,511-square-foot retail center at 7707 South Kyrene Rd and 383 West Eliot Rd, Tempe, AZ
• Kensington Retail Center: The $3.2 million sale of the 10,028-square-foot retail center at 12720 South Route 59, Plainfield, IL
• Hamilton Crossing: The $6.725 million sale of the 48,470-square-foot retail center at 2725 Hamilton Mill Rd, Buford, GA
• St. Lucie Square: The $3.75 million sale of the 19,163-square-foot retail center at 10921-10941 US Hwy 1, Port St. Lucie, FL

Many of the acquisitions above represent WFC’s strategy to use funds from numerous 2013 dispositions to invest in upscale retail and expand its outreach in the Southeast, Midwest and West and Southwest markets. In addition to the deals mentioned above Westwood Financial Corp. currently has several deals pending that are scheduled to close in January.

About Westwood Financial Corp.
Westwood Financial Corp., is one of the largest privately held owner-operators of retail properties in the U.S., with a track record spanning over 40 years. Based in Los Angeles with satellite offices in Atlanta, Dallas and Scottsdale, Ariz., the firm currently has a portfolio consisting of more than 100 shopping centers and retail properties in 24 metropolitan markets. Founded in 1970, the firm has evolved into a fully integrated real estate company that acquires, leases, and manages its real estate portfolio. The firm implements an acquisition strategy that focuses primarily on mature neighborhood, grocery anchored shopping centers with portfolio holdings in Arizona, California, Colorado, Florida, Georgia, Illinois, Kansas, Nebraska, Nevada, New York, North Carolina, South Carolina, Texas, Washington and Wisconsin. For more information, please visit www.westfin.com.