{"id":1004745572,"date":"2025-02-04T07:45:50","date_gmt":"2025-02-04T15:45:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004745572"},"modified":"2025-02-04T07:45:53","modified_gmt":"2025-02-04T15:45:53","slug":"westwood-financial-buys-charlotte-shopping-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/westwood-financial-buys-charlotte-shopping-center\/","title":{"rendered":"Westwood Financial Buys Charlotte Shopping Center"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Eastway-Square-in-Charlotte-N.C.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"525\" height=\"394\" data-attachment-id=\"1004745574\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/eastway-square-in-charlotte-n-c-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Eastway-Square-in-Charlotte-N.C-edited.jpg\" data-orig-size=\"525,394\" 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=\"Eastway Square in Charlotte, N.C.\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Eastway-Square-in-Charlotte-N.C-edited.jpg?w=525\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Eastway-Square-in-Charlotte-N.C-edited.jpg\" alt=\"Exterior shot of Food Lion-anchored Eastway Square, a 130,156-square-foot retail center in Charlotte, N.C.\" class=\"wp-image-1004745574\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Eastway-Square-in-Charlotte-N.C-edited.jpg 525w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/Eastway-Square-in-Charlotte-N.C-edited.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 525px) 100vw, 525px\" \/><\/a><figcaption class=\"wp-element-caption\">The Food Lion grocery store at Eastway Square has recently undergone interior and exterior renovations. <em>Image courtesy of Westwood Financial<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Westwood Financial has purchased Eastway Square, a 130,156-square-foot shopping center in Charlotte, N.C., from New Forum Partners. Berkley Capital Advisors arranged the sale.<\/p>\n\n\n\n<p>The property has been under New Forum Partners\u2019 ownership since 2020, when the company acquired Eastway Square from BC Wood Properties for $12.5 million. Atlantic Union Bank originated a $9.3 million permanent acquisition loan for that transaction, according to CommercialEdge information.<\/p>\n\n\n\n<p>Completed in 1991, Eastway Square is anchored by regional supermarket chain Food Lion. The 14.7-acre property is located at 3211 Eastway Drive, at the traffic intersection with Central Avenue and less than 5 miles southeast of downtown Charlotte. The tenant roster includes Ross, America\u2019s Best, Papa Johns, Subway, WingStop, Dental Works and Hibbett Sports.<\/p>\n\n\n\n<p>Eastway Square serves more than 311,000 residents on a 5-mile radius, with an average household income above $112,000. It is one of several grocery-anchored retail properties Los Angeles-based Westwood Financial owns in Charlotte. These include Prosperity Village Square, Steele Creek Crossing, Steelecroft Shopping Center and The Arbors at Mallard Creek.<\/p>\n\n\n\n<p>In <a href=\"https:\/\/www.commercialsearch.com\/news\/the-new-realities-of-retail-development-design-2025\/\">today&#8217;s retail landscape<\/a>, developers are increasingly focusing on leveraging location analytics and understanding consumer patterns, so as to create shopping centers that are not only profitable but also integral to the community&#8217;s lifestyle.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The property last traded in 2020.<\/p>\n","protected":false},"author":3619,"featured_media":1004745574,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21783,21742,21749,32781],"tags":[34150,33614],"class_list":["post-1004745572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-investment","category-latest","category-retail","category-southeast","tag-new-forum","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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