In the News

Houston, TX – October 8, 2010 – Westwood Financial Corp. has acquired Atacsocita Center, a 97,240 square foot neighborhood shopping center anchored by a Kroger. The shopping center is located on the southeast corner of Atascocita Road and Will Calyton Parkway. in Humble, Texas. Tenants at Atascocita Center include Kroger, Exit Realty, Los Vega Mexican Restaurant, $1.25TC Cleaners, Champions Liquor, Imperial China Cafe, TGF Haircutters, Subway, Ace Cash Express, Kim’s Nails, Postal Plus and Ken Stewart Nationwide. George Cushing and Wendy Vandeventer of Grubb & Ellis represented the Seller in the transaction.

“This center is anchored by a well performing Kroger and gives us the ability to create value thru the lease up of over 11,000sf of vacant space,” said Joe Dykstra, Executive Vice President of Westwood Financial Corp. “Atascocita Center is located at a good intersection that is well positioned for the high growth in its trade area.”

Atascocita Center 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 over 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

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