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Westwood Financial Corp. Acquires Fourth Shopping Center in Georgia

11/15/07
Augusta, GEORGIA – Westwood Financial Corp. has acquired Evans Crossing, a 92,051 square foot shopping center anchored by a highly successful Kroger supermarket. Evans Crossing is located on the NE corner of Washington Road and Belair Road. Tenants at the property include Blockbuster Video, Dollar Tree, H & R Block, Cingular Wireless, Dominos Pizza, Hair Cuttery, Subway, Evans Nails, Happy China, Cartridge World, Tires Plus, and Thai Kitchen. The property was purchased from Black Properties and Chris Decoufle of CB Richard Ellis Atlanta represented the Seller in the transaction.

“Evans Crossing is a core asset on one of the most highly trafficked corridors in Augusta,” said Joe Dykstra, Executive Vice President of Westwood Financial Corp. “Evans Crossing is also the dominant grocery-anchored shopping center in its submarket.” Evans Crossing is Westwood Financial Corp.'s fourth acquisition in Georgia in the last two years.

Westwood Financial Corp. has acquired over 30 properties in the last 3 years in Georgia, Texas, Florida, Colorado, California, Arizona, and Kansas. 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.

Headquartered in Los Angeles, Westwood Financial Corp has offices in Phoenix, Dallas and Sacramento and owns and operates more than 85 neighborhood, community and specialty retail shopping centers in over 17 major markets 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