Westwood Financial Corp. Acquires Value Add Kroger Anchored Shopping Center in Phoenix

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By The Hoyt Organization -

Avondale, AZ – November 6, 2015 – (RealEstateRama) — Westwood Financial Corp. (WFC), one of the largest privately held owner-operators of grocery-anchored retail properties in the United States, announced the acquisition of the Avondale Fiesta shopping center for $7.6 million. The Kroger shadow-anchored center is 34,129-square-feet and is located at 11435 West Buckeye Road in Avondale, Arizona, in the greater Phoenix area.

Avondale Fiesta was built in 2004, and is located one mile from Interstate 10. WFC plans to optimize the space through lease-up strategies to draw high profile, national tenants to the shopping center.

WFC represented itself in the transaction; and Marcus & Millichap represented the 12 entities selling Avondale Fiesta.

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