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Westwood Adds Kroger-Anchored Center to TX Portfolio

HUMBLE, TX-The Los Angeles-based owner adds to its Texas portfolio with the acquisition of the 97,240-square-foot Atascocita Center.

By Jennifer Duell Popovec | Updated on October 20, 2010

HUMBLE, TX-Westwood Financial Corp. has expanded its Texas portfolio with the acquisition of Atascocita Center, a Kroger-anchored shopping center located here in this Houston suburb.

The Los Angeles-based investor bought the 97,240-square-foot property at an 8% cap rate from Regency Centers Corp., a Florida-based shopping center REIT. Neither buyer nor seller has disclosed the sale price, but industry experts estimate the property traded for $9 million to $10 million.

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