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Westwood Financial Corp. Purchases Lakewood Colonial Center
Purchase gives Westwood Financial Corp. second shopping center in Washington
“The property is uniquely located on one of the most heavily trafficked intersections in Lakewood and has a strong synergy with the highly successful Lakewood Town Center. The Pacific Northwest continues to remain a highly competitive investment market with high barriers to entry and a stable retail environment,”
Located at 9400 Gravelly Lake Drive and 9310 Bridgeport Way, the center is comprised of a 75,000-square-
The property is located on the intersection of Bridgeport Way and Gravelly Lakes Road , two main arterials with high daily traffic counts of 40,000 vehicles per day, and is less than ½ mile from the Lakewood Towne Center retail market and 3 miles from Joint Base Lewis McChord. WFC also owns the 46,727-square-
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 (https://exmail.swshosting.com/