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Westwood Financial Corp. Sells Non Core California Retail Center for $6,035,000

2/22/07
Pomona, CALIFORNIA – Westwood Financial Corp. has sold Foothill Square Shopping Center, a 23,064 square foot retail center located at the intersection of Foothill Blvd and Garey Ave in Pomona, California. Foothill Square Shopping Center includes national tenants Petco, Wendy's, Papa Johns, and Subway. The buyer was represented by Steve Hayashi of Coldwell Banker Commercial, while Westwood Financial Corp was represented by Blake Fogel of CBM, Inc.

“The sale of the Foothill Square Shopping Center continues to implement our business plan of disposing our non-core assets and redeploying the equity into larger and higher quality real estate throughout the country,“ said Joe Dykstra, Executive Vice President. The sale of the Foothill Square Shopping Center is Westwood Financial Corp's 95th disposition in the last 10 years.

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

Westwood Financial Corp. is headquartered in Los Angeles with offices in Phoenix, Dallas and Sacramento and owns and operates more than 85 neighborhood, community and specialty retail shopping centers totaling over 5 million square feet in 11 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