Torrance, CA – November 2, 2012 – (RealEstateRama) — Westwood Financial Corp., one of the largest owner-operators of shopping centers in the U.S., has purchased the 14,500-square-foot Carrollton Retail Center in Texas. Westwood closed the transaction from start to finish in only three weeks.
“This is a great strip center located in one of the most affluent areas of Plano and directly across the street from one of the largest churches in the United States,” said Westwood Financial Executive VP Joe Dykstra. “The property is anchored by strong national retailers and is located down the street from the upscale Willow Bend Mall in Plano. We continue to remain interested in acquiring additional stabilized and value-add properties in Texas.”
Westwood Financial Corp. currently owns and operates over 20 retail centers in Texas.
Carrollton Retail Center is located at 3320 E. Hebron Parkway, the center’s tenants include Buffalo Wild Wings, Einstein Bagels, Sports Clips and Not Just Soccer. The seller was represented by Tommy Tucker of UCR Investments.
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 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 on acquiring mature neighborhood, grocery anchored shopping centers as well as value-add centers, note sales, short sales and REO properties. Westwood has 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 http://www.westfin.com.