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Phoenix & Southwest  + Retail  | 

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

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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