Westwood Financial grows retail portfolio
Buys property near California-Mexico border
By Inman News, Wednesday, December 7, 2005.Westwood Financial Corp. acquired San Ysidro Village, a 258,000-square-foot shopping center in San Ysidro, Calif.
The value of the transaction was $42.5 million.
The property, anchored by Kmart, Ross Dress for Less and Marshalls, also includes Anna's Linens, Bancomer Financial Services, Carter's Children's Wear, KB Toys, Kirkland's Home, Marianne, Nine West, Osh Kosh B'Gosh, Reebok and Taco Bell.
A partnership consisting of Developers Diversified Realty, Prudential Real Estate Investors and Coventry Real Estate sold the property, which was built in 1988.
The acquisition of San Ysidro Village is consistent with Westwood Financial Corp.'s program of acquiring institutional-quality shopping centers in the Western United States, Florida, Georgia and Texas.
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