back

Westwood Financial Corp. Sells Denver Retail Center for $10,800,000

8/30/07
Highlands Ranch, COLORADO – Westwood Financial Corp. has sold Village Center West, a 30,394 square-foot retail center located at 3624 Highlands Ranch Pkwy in the Denver suburb of Highlands Ranch, Colorado. Village Center West is a part of the Highlands Ranch Village Center and is shadow anchored by a King Soopers Supermarket.

The property was purchased by GDA Real Estate Services LLC, and Westwood Financial was represented in-house by Eric Shulman.

“Westwood Financial Corp. owned 4 shopping centers within 3 miles of each other. The sale of Village Center West is consistent of our ongoing efforts to further diversify our portfolio geographically,“ said Joe Dykstra, Executive Vice President. “Village Center West is Westwood Financial Corp.'s fifth disposition of the year and our tenth in the last two 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