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Westwood Financial Acquires Two Sprouts-Anchored Centers in SW, SE
Westwood Financial LLC acquired two Sprouts-anchored neighborhood centers in Phoenix and Atlanta, for a total of $66.2 million in separate transactions. The retail real estate investment firm picked up Boardwalk at Andersen Springs in Chandler, AZ, and Decatur Crossing in Decatur, GA, east of Midtown Atlanta.
The 97%-occupied Arizona property is the original Sprouts Farmers Market, which opened in 2005 at 1959 W. Ray Rd., and is currently undergoing a $1-million renovation following a recently-executed a 10-year renewal. The off-market acquisition was financed by a senior loan from Nationwide Life Insurance Company, and the debt financing was arranged by HFF LP.
Decatur Crossing is an 81,900-square-foot Sprouts-anchored shopping center developed in 2017, and currently 100% occupied. The acquisition was financed by a senior loan from Unum Group, which was arranged by HFF LP.
Westwood Financial is also under contract on three separate urban retail properties in the Chicago trade area, for more than $27 million.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

