{"id":1004674510,"date":"2023-08-03T03:15:24","date_gmt":"2023-08-03T11:15:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004674510"},"modified":"2023-08-03T04:11:41","modified_gmt":"2023-08-03T12:11:41","slug":"westwood-financial-buys-120-ksf-retail-center-in-dallas","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/westwood-financial-buys-120-ksf-retail-center-in-dallas\/","title":{"rendered":"Westwood Financial Buys 120 KSF Retail Center in Dallas"},"content":{"rendered":"<div id=\"attachment_1004674511\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Northview-Plaza-e1690903299268.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004674511\" data-attachment-id=\"1004674511\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/westwood-financial-buys-120-ksf-retail-center-in-dallas\/northview-plaza\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Northview-Plaza-e1690903299268.jpg\" data-orig-size=\"436,327\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Northview Plaza\" data-image-description=\"&lt;p&gt;Northview Plaza. Image courtesy of Westwood Financial&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Northview Plaza. Image courtesy of Westwood Financial&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Northview-Plaza-e1690903299268.jpg?w=436\" class=\"wp-image-1004674511 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Northview-Plaza-e1690903299268.jpg?w=300\" alt=\"Northview Plaza. Image courtesy of Westwood Financial\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Northview-Plaza-e1690903299268.jpg 436w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Northview-Plaza-e1690903299268.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004674511\" class=\"wp-caption-text\">The grocery-anchored Northview Plaza in Dallas. <em>Image courtesy of Westwood Financial<\/em><\/p><\/div>\n<p><strong>Westwood Financial<\/strong> has purchased Northview Plaza, a 120,000-square-foot grocery-anchored <a href=\"https:\/\/www.commercialsearch.com\/news\/how-evolving-entertainment-concepts-impact-retail\/\">retail center<\/a> in Dallas, in an off-market transaction. <strong>Stockbridge Capital Group<\/strong> was the seller, according to CommercialEdge data. At the time of the deal, the asset was 89 percent occupied.<\/p>\n<p>Stockbridge acquired the property back in 2017 for $17.3 million, the same source shows. Last year, the shopping center became subject to an $11 million bridge loan originated by Old National Bank.<\/p>\n<p>Completed in 1983, Northview Plaza encompasses three buildings on an 8.1-acre lot. Anchored by Kroger, the center features a diverse mix of tenants, such as medical, fitness, personal services and food establishments. Other tenants at the property include Petco, McDonald&#8217;s, Great Clips, T-Mobile, End Zone Bar + Grill, White Rock Chiropractic, Total Men\u2019s Primary Care and Community Dental Partners.<\/p>\n<p>Located at 10677 E. Northwest Highway in the Lake Highlands submarket, the property is strategically located near Interstate 635 in the rapidly developing L Streets neighborhood. The Dallas Arboretum and Botanical Garden and several residential communities are within walking distance of the neighborhood center.<\/p>\n<p>In a recent deal, Westwood sold Ahwatukee Mercado, a 125,716-square-foot, <a href=\"https:\/\/www.commercialsearch.com\/news\/westwood-financial-sells-phoenix-shopping-center\/\">grocery-anchored\u00a0retail center<\/a> in Phoenix, for $14 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The grocery-anchored asset previously traded in 2017.<\/p>\n","protected":false},"author":3014,"featured_media":1004674511,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21783,21742,21749,32781],"tags":[35708,33614],"class_list":["post-1004674510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-investment","category-latest","category-retail","category-southeast","tag-stockbridge-capital-group","tag-westwood-financial"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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