In the News

Chula Vista, CALIFORNIA – Westwood Financial Corp. has sold Eastlake Village South Shopping Center, a 43,471 square-foot retail center located at 2220-2280 Otay Lakes Road in the San Diego suburb of Chula Vista, California for $20,000,000. Tenants at Eastlake Village South include Blockbuster Video, D’Lish Express Pasta & Pizza, Eastlake Veterinary Clinic, Citibank, Realty Executives, Alejandro’s and Goodwill.

The property was purchased by Eastlake Village Ventures LLC, and Westwood Financial Corp. was represented by Preston Fetrow from CB Richard Ellis.

“Westwood Financial Corp. owned Eastlake Village South for nine years. The sale of Eastlake Village South will allow us to purchase other projects, hopefully taking advantage of the buying opportunities that are currently in the marketplace” said Westwood Financial Corp.’s said Joe Dykstra, Executive Vice President. “Eastlake Village South is Westwood Financial Corp.’s sixth disposition of the year and our eighth in the last two years,” said Joe Dykstra, Executive Vice President.

Westwood Financial Corp. has acquired over 30 properties in the last 3 years in Florida, Georgia, Texas, Colorado, California, Arizona, Nebraska and Kansas. Westwood Financial Corp. focuses its acquisition efforts on acquiring mature neighborhood shopping centers anchored by the #1 or #2 grocery stores in the properties’ MSA, and urban anchored or unanchored retail properties in major cities.

Headquartered in Los Angeles, Westwood Financial Corp has offices in Phoenix, Dallas and Sacramento and owns and operates over 100 neighborhood, community and specialty retail shopping centers covering 25 major markets in 14 states. Westwood Financial Corp. is a fully integrated real estate company that acquires, leases, and manages its real estate portfolio.

For more information, please contact:

Joe Dykstra
Executive Vice President
310-820-5443
jdykstra@westfin.com