In the News

Omaha, NE – November 2, 2010 – Westwood Financial Corp. has acquired Applewood Centre, a 101,130 square foot neighborhood shopping center anchored by a Hy-Vee. The shopping center is located on the southwest corner of Q Street and South 96th Street in Omaha, Nebraska. Tenants at Applewood Centre include Hy-Vee, Alegent Health, Hy-Vee Wine & Spirits, Varsity Sports, Tan World, Hair by Stewarts, Rose Garden, T.J Nails, Applewood Dental Center, State Farm Insurance, Great Clips, H&R Block, Applewood Chiropractic Clinic and Advance America Cash Advance. Ben Wineman of Mid-America Real Estate Corporation represented the Seller in the transaction.

“We try and buy great locations and this real estate has strong densities and the Hy-Vee historically has been one of the top stores in Omaha,” said Joe Dykstra, Executive Vice President of Westwood Financial Corp. “Applewood Centre is positioned at the best intersection in its trade area, and is a well established shopping center that has been serving the community for over twenty years.”

Applewood Centre 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 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

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