Westwood Financial acquires two retail centers in Austin and Phoenix

Westwood Financial announced the purchase of Trails at 620 in Austin and Paradise Hills in Phoenix. Together, the acquisitions comprise 152,824 square feet of premier retail space in two of the nation’s fastest-growing markets.

"We are excited to add both Paradise Hills in Phoenix, Ariz., and Trails at 620 in Austin, Texas, to our growing portfolio,” said Mark Bratt, CEO at Westwood Financial. “Paradise Hills is an excellent neighborhood center with its prime location at Shea Boulevard and North 32nd Street, anchoring a neighborhood that's undergoing a vibrant revitalization. The property’s near-full occupancy and essential tenant mix offer a stable foundation while still presenting attractive value-added opportunities.”

Located at 32nd Street and Shea Boulevard, the 83,787-square-foot Paradise Hills property is an elevated retail shopping center in the heart of Maricopa County, one of the fastest-growing counties in the nation. Currently, at nearly 98 percen