Westwood Financial Corp., a national owner-operator of shopping centers, has completed the remodel of North Park Plaza shopping center, located at 5020 W. Osborn Rd., in Phoenix.
TUCSON, Ariz. - January 17, 2013 - (RealEstateRama) -- Lee & Associates Arizona negotiated the $24.8 million sale of the River Center, a 117,563-square-foot shopping center that is anchored by Whole Foods and Petco. Located at 555 East River Road in Tucson, the sale of the center posted a cap rate of 5.5 percent.
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.”
Phoenix, AZ - December 7, 2011 - (RealEstateRama) -- Sperry Van Ness – SVN Partners announced the sale of the 8,160-square foot Summit at Chandler Heights retail strip center located at 955 W. Chandler Heights Road in Chandler, Arizona for $525,000, or approximately $14.19 per square foot. The building was 59% occupied with CPA Express, and Spartan Training, and Victoria Nails.
Torrance, CA - October 25, 2011 - (RealEstateRama) -- Westwood Financial Corp., one of the largest owner-operators of shopping centers in the U.S., has purchased the 24,452-square-foot Crossroads of Tempe retail center in the Arizona town. It is the company’s latest transaction toward the company’s value-add program, to which it has earmarked $100 million in purchases.
Torrance, CA - October 21, 2010 - (RealEstateRama) -- Charles Dunn Company has closed a $3.1 million sale of a 10,000-square-foot retail building at 3100 Gilbert Road in Chandler. Paul A. Kenworthy of Charles Dunn’s West Los Angeles office represented the buyer OSSA TRUST. The seller was Glenwood Development.