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Westwood’s Hilgard STNL Fund Acquires Second Starbucks Location
Today, Westwood Financial announced another addition to its Hilgard STNL Fund with the acquisition of a Starbucks in Roanoke Rapids, NC. The 1,948 sf store is located at 298 Premier Blvd in Roanoke Rapids and ranks in the top 96% of traffic data for Starbucks stores nationally according to Placer Ai. Situated on an outparcel... Read more »
HILGARD™ STNL Fund Adds Two New Assets
Westwood Financial’s Hilgard STNL Fund, launched last July has acquired two new assets. A Dollar General in Wilson, NC and a Sherwin-Williams in Pigeon Forge, TN. The two properties bring the total asset count for the Fund to 15. Four additional assets are under contract and expected to close later this year. The 9,100 SF... Read more »
Westwood Financial Announces First Quarter 2022 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 March 31, 2022, which included: Same-Store 2022 vs 2021 GAAP Revenue and NOI was up +4.4% and +5.9%, respectively Executed 27 new leases totaling 85,000 square feet and... Read more »
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 »
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