Westwood Financial Corp. sells retail center in Glendale, Ariz.

Glendale, Ariz. -- Westwood Financial Corp. has sold Olive Square, an 86,225-sq-.ft. retail center in Glendale, Ariz., to seller North American Realty Acquisition Corporation for $6.3 million.



“Westwood Financial Corp. owned the shopping center for over 20 years and is continuing to re-balance its portfolio,” said Joe Dykstra, executive VP of Westwood Financial Corp. “Funds generated from our sales are being reinvested in grocery anchored properties elsewhere in the U.S.” Currently Westwood Financial Corp. is under contract on multiple acquisitions spread across the country.



The 92%-leased Olive Square was built in 1974 and remodeled in 2007. Tenants include Fry’s Food & Drug, Leslie’s Pool, Swizzle Sticks, West Olive Family Medicine and Ollie’s Omelet House.