Westwood Financial Corp. Purchases Retail Center in Southeast

Morrisville, NC – July 18, 2011 – (RealEstateRama) — Westwood Financial Corp., one of the largest owner-operators of shopping centers in the U.S., has purchased McCrimmon Corners, an 86,267-square-foot retail center in Morrisville, N.C., from seller Crosland. The acquisition of the center falls in line with Westwood Financial’s strategy to use funds from numerous 2011 dispositions to invest in Southeastern markets.