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Westwood Financial Corp. Acquires Atlanta Shopping Center from Germania of America for $18,650,000.

06/17/08
Johns Creek, GA – Westwood Financial Corp. has acquired Abbotts Bridge Station, a 88,391 square foot neighborhood shopping center anchored by a Super H Mart Korean specialty grocery store and Rite Aid drive thru pharmacy. The shopping center is located on the southeast corner of Medlock Bridge Rd (GA 141) and Abbotts Bridge Road in the highly affluent northeast Atlanta suburb of Johns Creek. Tenants at Abbotts Bridge include Metro City Bank, Missy Cosmetics, Love Letter Chicken & Pizza, and White Windmill Bakery; all Korean oriented tenants who chose the center to share in the synergy and draw of Super H Mart. Chris Decoufle and Kevin Reavey of CB Richard Ellis represented the seller in the transaction.

“We are very excited on the acquisition of Abbotts Bridge Station,” said Joe Dykstra, Executive Vice President of Westwood Financial Corp. “The properties anchor, Super H Mart, is one of the top Korean specialty grocers in the country and offers the community a high-end grocer experience. We anticipate the property will serve the highly concentrated Korean community in Atlanta, which has the second largest and fastest growing Korean population in the United States.”

Abbotts Bridge Station is consistent with Westwood Financial Corp's. business plan of acquiring core, unique real estate assets with irreplaceable locations. Westwood Financial Corp. has acquired over 30 properties in the last 3 years in Florida, Georgia, Texas, 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 90 neighborhood, community and specialty retail shopping centers covering 21 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