Westwood Financial Corp. Sells $46.5 Million Retail Center in Southwest

Torrance, CA – June 1, 2012 – (RealEstateRama) — “We have sold six of our Arizona properties totaling almost $100 million over the last six months, however it was a difficult decision to sell Sonora considering the quality of the real estate. However as we continue to reshape our portfolio it was an obvious disposition target given the fact we have owned the property for 13 years,” said Westwood Financial Executive VP Joe Dykstra. “We have invested in retail properties in Arizona since 1989 and have owned 33 properties at one time or another in Phoenix and Tucson and expect to continue to be an active buyer in the state.”