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Westwood Financial Corp. Acquires Urban-Infill Specialty Retail Shopping Center in Dallas, Texas

8/14/07
Dallas, TEXAS – Westwood Financial Corp. has acquired Royal Crossing shopping center, specialty retail center in Dallas, Texas. Royal Crossing is located at the southeast corner of North Central Expressway and Royal Lane. Several of the tenants in the offering include: Sleep Experts, Domino's Pizza, Wing Stop, Mr. J's Paint and Supply, Bootcamp Xtreme, and T-Mobile. The property was developed in 2006.

“The acquisition of Royal Crossing is Westwood Financial Corp.'s eighth acquisition in Dallas,“ said Joe Dykstra, Executive Vice President. “The property's location is strategically located adjacent to the planned Urban Village at Walnut Creek, a 2 million square feet mixed-use project. The property is also adjacent to the affluent neighborhoods of the Park Cities and Royal Oaks.“

Royal Crossing is Westwood Financial Corp.'s 2nd acquisition for 2007. 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