Westwood Financial Corp. Leases Retail Space in Texas


Former Blockbuster space leased out to First Choice ER

Torrance, CA – June 12, 2013 – (RealEstateRama) — Westwood Financial Corp., a national owner-operator of shopping centers, has leased 6,000 square feet of retail space of a former Blockbuster video store to First Choice ER, the nation’s leading freestanding emergency room system, at Beach Western Commons in Fort Worth.

“WFC has had great success in back-filling many of these former Blockbuster spaces to similar type medical users,” said Doug Howell, asset manager of Westwood Financial Corp. First Choice ER facilities are fully equipped emergency rooms with state of the art diagnostic technology (CT Scanners, Ultrasound, Digital X-ray) and on-site labs. First Choice ER will begin occupancy in late 2013.

Beach Western Commons services a densely populated surrounding area. Located at 4551 Western Center Blvd. in Fort Worth, the center is anchored by Kroger Supermarket.

The center was built in 1995 and acquired by Westwood Financial in October 2012. WFC currently owns 19 shopping centers in the Dallas market totaling over 783,000 square feet of retail space.

Jeff Kittleson of CB Richard Ellis represented the tenant. The landlord, WFC Beach Western Commons LLC, was represented by Guy Grivas of the Weitzman Group.

For leasing information, contact Sue Hageman at 972-837-3639.

About Westwood Financial Corp.

Westwood Financial Corp. is one of the largest privately held owner-operators of retail properties in the U.S., with a track record spanning 40 years. Based in Los Angeles with satellite offices in Atlanta, Dallas and Scottsdale, Ariz., the firm currently has a portfolio consisting of more than 100 shopping centers and retail properties in 24 metropolitan markets. Founded in 1970 by Steven Fogel and Howard Banchik, the firm has evolved into a fully integrated real estate company that acquires, leases, and manages its real estate portfolio. The firm implements an acquisition strategy that focuses primarily on mature neighborhood, grocery anchored shopping centers with portfolio holdings in Arizona, California, Colorado, Florida, Georgia, Illinois, Kansas, Nebraska, Nevada, New York , North Carolina, South Carolina, Texas, and Washington. For more information, please visit www.westfin.com.

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