Westwood Financial acquires seventh southeast property

Pensacola, Fla. -- Westwood Financial Corp. announced it has acquired the Shoppes at Milestone, a fully-leased shopping center located in Pensacola, Florida. The 19,700-sq.-ft. shopping center is shadow anchored by Publix and is the firm’s seventh Florida property.



“Pensacola is an area that is benefiting from Florida’s post-recession growth firsthand,” said Joe Dykstra, executive VP of Westwood Financial Corp. “The Shoppes at Milestone is well-positioned within an exclusive community. As such, the acquisition provides an opportunity for WFC to expand our presence in this emerging market, and fits well with our other investments in the state — particularly those on the northwest panhandle, where tourism leads the market and grocery-anchored retail centers thrive.”



Shoppes at Milestone features a variety of local and national tenants, including H&R Block, Jersey Mike’s Subs, Cricket Wireless, Enterprise Leasing, Hot Heads Burritos and the UPS Store.



WFC represented itself in the transaction; and Bruce Lyons, sr. managing director and Brian Carolan, director of Crossman & Company, represented the seller.