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Westwood Buys Retail Center for $22M

NORTHBROOK, IL-Los Angeles-based Westwood is continuing its shopping center-anchored acquisitions with the purchase of Sanders Court here, dominated by a Dominick’s.

By Robert Carr | Updated on August 02, 2011

NORTHBROOK, IL-Westwood Financial Corp. has purchased the 136,219-square-foot Sanders Court Shopping Center here from Sandee LLC for $22 million. The Dominick’s-anchored property at 4109 Dundee Rd., built in 1972 and remodeled in 2007, is 99% leased.

Joe Dykstra with Los Angeles-based Westwood tells GlobeSt.com that though the firm has been focusing lately on a distressed purchase plan, this deal is another for the company for a well-located, grocery-anchored property. “People still have to eat and get their nails done, these are still very good properties to own,” he says.

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