Archives

Westwood Financial Corp. (WFC), one of the largest privately held owner-operators of grocery-anchored retail properties in the United States, has announced the opening of Beall’s Outlet at WFC’s Legacy Village in Phoenix. Beall’s has signed a 10-year lease on a 20,000-square-foot space in the center, which will be the company’s 27th location to open in Arizona and its first in Phoenix

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.”

Torrance, CA - February 20, 2012 - (RealEstateRama) -- Westwood Financial Corp., one of the largest owner-operators of shopping centers in the U.S., has sold Olive Square, an 86,225-square-foot retail center in Glendale, Ariz., to seller North American Realty Acquisition Corporation for $6.3 million.

Torrance, CA - January 10, 2012 - (RealEstateRama) -- Westwood Financial Corp., one of the largest owner-operators of shopping centers in the U.S., announced the addition of Joseph R. Hoye to its Arizona office. Hoye, who comes in as the Leasing Director for Arizona properties, will have a portfolio of shopping centers in excess of 1 million square feet.