Westwood Financial acquired Eastway Square, a 130,156-square-foot grocery-anchored neighborhood center in Charlotte. In addition to Eastway Square, Westwood Financial owns several top-performing grocery-anchored properties in Charlotte, including Prosperity Village Square, Steele Creek Crossing, Steelecroft Shopping Center, and The Arbors at Mallard Creek.

Eastway Square is anchored by Food Lion. Other tenants include Ross, America’s Best, Papa Johns, Subway, WingStop, Rainbow, Dental Works, Hibbett Sports, Showmars, and more. Berkley Capital Advisors facilitated the sale.

Westwood’s Juyuan Wei added, “Grocery-anchored retail continues to thrive, and we’re eager to pursue additional opportunities that strengthen our portfolio.”

As Westwood Financial manages over 125 properties with a dominant presence in the Sunbelt region. Grocers and leading service and experiential-based operators primarily anchor the centers.