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Westwood Financial Corp. Acquires Premier Tucson, Arizona Neighborhood Shopping Center

12/21/06
Tucson, ARIZONA - Westwood Financial Corp. has acquired Ventana Canyon Village, a 110,097 square foot grocery-anchored shopping center anchored by a Bashas' supermarket. Ventana Canyon Village is located at the SW Corner of Sunrise Drive and Kolb Road. The tenants at the property include Realty Executives, World Savings Bank, Charter Funding, Curves for Women, H&R Block, City Looks Salon, Subway, The UPS Store, and Allstate Insurance. The property was purchased from Furst Commercial Real Estate, Inc. and the transaction was completed in 30 days. Mark Lucescu of Lucescu Realty represented the Seller and the Buyer in the transaction.

"The Ventana Canyon Village Shopping Center is one of the premier retail properties in all of Arizona," said Joe Dykstra, Executive VP at Westwood Financial Corp. "The property's location adjacent to the world famous Ventana Canyon, which is home to the Loews Ventana Canyon Resort, and the private gated communities of Ventana De Este, Ventana Lodge, and Ventana Canyon make this a one of a kind asset. The acquisition is consistent with our business plan of acquiring dominant neighborhood retail properties with undervalued rents." Ventana Canyon Village is the 3rd acquisition by Westwood Financial Corp. in Arizona this year. Westwood Financial Corp. now owns 15 shopping centers in Phoenix and Tucson.

Ventana Canyon Village was Westwood Financial Corp.'s 9th acquisition for 2006. Westwood Financial Corp. has acquired 24 shopping centers in the last 3 years in Georgia, Florida, Colorado, California, Arizona, Texas, 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.

Westwood Financial Corp. is headquartered in Los Angeles with offices in Phoenix, Dallas and Sacramento and owns and operates more than 80 community, neighborhood and specialty retail shopping centers totaling over 5 million square feet in 10 states. Westwood Financial Corp. is a fully integrated real estate company that acquires, leases, and manages its real estate portfolio.

For general, acquisition, and leasing information for Westwood Financial Corp. please view the website at www.westfin.com.

For more information, please contact:

Joe Dykstra, Executive Vice President
310-820-5443
jdykstra@westfin.com
www.westfin.com