In the News

Westwood Financial Corp. acquires Grocery-Anchored Shopping Center in Houston, Texas.
04/12/2010

Houston, TX - April 12, 2010 - Westwood Financial Corp. has acquired Memorial Collection, a 103,330 square foot neighborhood shopping center anchored by a Randall's grocery store. The shopping center is located on the northwest corner of Memorial Drive and Dairy Ashford Road in Houston, Texas. Tenants at Memorial Collection include Randall's, Walgreens, Jason's Deli, Sushi Jin, Leslie's Pool Supply, GameStop, Jenny Craig, Chicago Title, TGF Haircutters and We Frame It. George Cushing of Grubb & Ellis represented the Seller in the transaction.

"We try and buy great locations and this real estate has strong densities and high daytime population being located down the street from the Energy Corridor," said Joe Dykstra, Executive Vice President of Westwood Financial Corp. "Memorial Collection is positioned at the best intersection in its trade area, in close proximity to Interstate 10, and is a well established shopping center that has been serving the community for over thirty five years."

Memorial Collection 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 99 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