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Westwood Announces Full Year 2021 Results
LOS ANGELES, CA – Westwood Financial, a leading retail real estate investment firm, announced updates today on its financial and operational results for the twelve months ended December 31, 2021, which included: Same-Store 2021 vs 2020 GAAP Revenue and NOI was +4.8% and +2.9%, respectively Executed 79 new leases totaling 165,000 square feet in full... Read more »
O'Reilly Auto Parts Acquired for Hilgard STNL Fund
Westwood Financial announced today, the acquisition of an O’Reilly Auto Parts in Jacksonville, Florida. The asset is another addition to the company’s Hilgard STNL Fund. The 7,500 SF property is located on the hard corner of a signalized intersection across the street from Publix, 20 minutes southwest of downtown Jacksonville. O’Reilly operates 261 stores in... Read more »
Westwood to Manage New Shadow Anchored Kroger Marketplace in Dallas
Westwood will manage and lease Lake Forest Marketplace, a prominent grocery-anchored center located in McKinney, Texas, one of the fastest growing suburbs in the Dallas/Fort Worth MSA. The asset consists of two buildings totaling 37,500 square feet of leasable space which is shadow anchored by a 123,000 square foot high-volume Kroger Marketplace. Built in 2018,... Read more »
Westwood Adds Another Publix Anchored Center to its Southeast Portfolio
Westwood Financial announced today the acquisition of Tobesofkee Crossing in Macon, Georgia. The newly constructed shopping center opened in 2020 and is anchored by a 48,387 square foot Publix Super Market. Westwood also owns and operates Wesleyan Station, an 88,326 square foot center, just 5 miles northeast next to Wesleyan College. The 67,887 square foot... Read more »
Westwood Financial Acquires Village at Peachtree Corners in Georgia
Westwood Financial announced today the acquisition of Village at Peachtree Corners, an 88,850 SF grocery-anchored shopping center located in Peachtree Corners, the largest city in Gwinnett County, approximately 22 miles northeast of Atlanta. Peachtree Corners is Westwood’s first asset anchored by Lidl, one of the fastest-growing grocery retailers in the US. The shopping center is... Read more »
Tractor Supply Acquired for Hilgard STNL Fund
Westwood Financial is excited to announce another addition to its Hilgard STNL Fund. The newly constructed Tractor Supply has a GLA of 22,997 SF and sits on 4.65 acres. The property is located in Clover, SC an affluent and rapidly growing suburb of Charlotte. Tractor Supply is the largest operator of rural lifestyle retail stores... Read more »
Westwood Financial Announces Third Quarter 2021 Results
LOS ANGELES, CA – Westwood Financial, a leading retail real estate investment firm, announced updates today on its financial and operational results for the three months ended September 30, 2021, which included: Same-property Q3 2021 compared to Q3 2020 revenue and NOI was +7.5% and +2.1% on a GAAP basis, respectivelyExecuted 28 new leases totaling... Read more »
Main Street at Town Center Gets a New Look!
Main Street at Town Center, home to Westwood’s Atlanta office, is getting a new look! Retailers are excited as the entire center undergoes a much-needed update with fresh paint, new facades, and landscaping. Roof lines are being painted black and the front facia over the small shop spaces is being replaced with a new, sleek,... Read more »
September Retail Sales Unexpectedly Rises 0.7%
Americans continued to spend in September despite rising prices. The U.S. Commerce Department reported Friday, October 15 a seasonally adjusted increase of 0.7% in retail sales totaling $624 billion. This is the second straight month of gains following a 0.9% increase in August. Despite the rising cost of food, grocery stores saw a 0.7% increase... Read more »
Salad and Go is Coming to Watauga Towne Center
Westwood is pleased to welcome Salad and Go to Watauga Towne Center in Watauga, Texas. The drive-thru salad concept which began in Arizona, serves made-to-order salads, breakfast burritos, soup, homemade lemonade, tea, and cold brew coffee. They currently have 3 locations in the DFW area with 2 more scheduled to open this summer. They will... Read more »
HILGARD™ STNL Fund Adds Dollar General to its Portfolio
Westwood Financial’s HILGARD™ STNL Fund announced today, the acquisition of a Dollar General in Georgia. The 9,100 SF property marks the Fund’s seventh addition to its single tenant net lease portfolio since its inception in July. Built in 2020 and located in Douglasville, a popular commuter suburb of Atlanta, the property sits adjacent to a... Read more »
HILGARD™ STNL Fund Acquires Two New Assets
Westwood Financial’s HILGARD™ Fund has acquired two new assets. A 1,950 SF Starbucks drive-thru in Floresville, TX and a 3,500 SF Aspen Dental located in Rock Hill, SC which is an outparcel of Cherry Road Crossing, a Westwood Property Fund asset. Congratulations to our amazing Transactions Team! Formed earlier this year, The HILGARD™ Fund is... Read more »
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