In the News

Westwood Financial Corp. acquires Grocery-Anchored Shopping Center in Atlanta.
09/08/2010

Kennesaw, GA – September 8, 2010 - Westwood Financial Corp. has acquired Orchard Square Shopping Center, a 93,222 square foot neighborhood shopping center anchored by a Publix. The shopping center is located on the northeast corner of Bells Ferry Road and Interstate 575 in Kennesaw, Georgia. Tenants at Orchard Square include Publix, Harbor Freight Tools, Ralph's Tavern, Suburban Veterinary, Hong Kong Chinese Restaurant, American Nail Artist, Action Chiropractic Center, Superclips, Mailboxes Unlimited and Accepted Insurance. Joe Montgomery and Tony D'Ambrosio of Colliers International represented the Seller in the transaction.

"Orchard Square is an exciting purchase for us," said Joe Dykstra, Executive Vice President of Westwood Financial Corp. "The center has historically been over 94% occupied and it is currently 76% occupied; Therefore, we expect to create value through lease up and achieve well above average returns for a premier grocery-anchored center."

Orchard Square is consistent with Westwood Financial Corp's. business plan of acquiring well located neighborhood shopping centers. Westwood Financial Corp. has acquired over 30 properties in the last 3 years in Florida, Georgia, Texas, Colorado, California, Arizona, 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 100 neighborhood, community and specialty retail shopping centers covering 24 major markets in 13 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
www.westfin.com

Scott Henard, Vice President - Acquisitions
972-284-0925
shenard@westfin.com
www.westfin.com