Westwood Financial Corp. Signs 7th Lease with Chipotle Mexican Grill

August 8, 2013

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Torrance, CA – August 8, 2013 – (RealEstateRama) — Westwood Financial Corp., a national owner-operator of shopping centers, has leased 1,629 square feet of retail space to the Chipotle Mexican Grill restaurant chain in Rancho San Diego Town & Country Center for a term of 120 months. Scheduled to open this August, this is Westwood’s seventh lease with the national restaurant chain. Other locations include leases in Arizona, California, Colorado, Illinois and Texas. The value of the transaction was not disclosed.<span id="more-2638"></span></p> <p>“Our retail portfolio consists of properties that are well located and convenient to meet the daily needs of the local communities they serve,” said Westwood Financial Corp.’s Vice President / Asset Manager – Western Region Katrina Nadres-Hurtado. “Chipotle has been an excellent match for our centers because they are a high quality operator that provides an exceptional, consistent product in a quick and convenient setting. They are a strong traffic draw, and their presence reinforces the essential role that these properties serve within their communities.”</p> <p>Located at 12098 Fury Lane, the 10,309-square-foot outparcel to the Rancho San Diego Town & Country Center at the northeast corner of Fury Lane and Jamacha Road, is a primary retail destination serving a densely populated surrounding area in southeast San Diego County.</p> <p>The fully leased center was acquired by Westwood Financial Corp. in 2009 after Hollywood Video vacated its 7,000-square-foot store. The building was subsequently remodeled and is now fully occupied by Jamba Juice, Panda Express, Sports Clips and Union Bank. The property is adjacent to other national retailers such as Ralph’s, Chase Bank, McDonald’s and Denny’s.</p> <p>WFC currently owns 23 shopping centers in the Southern California market totaling over 1 million square feet of retail space, and 115 properties in 26 major metropolitan areas nationwide. The Rancho San Diego property is one example of over 20 small to mid-sized, distressed retail properties that WFC has acquired and successfully repositioned over the past four years.</p> <p>Chipotle Mexican Grill was represented by Jon Horning or Flocke & Avoyer and the landlord Fury & Jamacha LLC was represented by Joel Wilson of CB Richard Ellis.</p> <p>For leasing information, contact Shirley Lai at 323-793-7421.<br /> <strong>About Westwood Financial Corp.</strong><br /> Westwood Financial Corp. is one of the largest privately held owner-operators of retail properties in the U.S., with a track record spanning 40 years. Based in Los Angeles with offices in Atlanta, Dallas and Scottsdale, Ariz., the firm currently has a portfolio consisting of more than 115 shopping centers and retail properties in 26 metropolitan markets. Founded in 1970 by Steven Fogel and Howard Banchik, the firm has evolved into a fully integrated real estate company that acquires, leases, and manages its real estate portfolio. The firm implements an acquisition strategy that focuses primarily on mature neighborhood, grocery anchored shopping centers with portfolio holdings in Arizona, California, Colorado, Florida, Georgia, Illinois, Kansas, Nebraska, Nevada, New Mexico, New Yo rk, North Carolina, South Carolina, Texas, and Washington. 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block_td_uid_6_673f929601994.td_column_number = "1"; block_td_uid_6_673f929601994.block_type = "td_block_2"; block_td_uid_6_673f929601994.post_count = "4"; block_td_uid_6_673f929601994.found_posts = "4100"; block_td_uid_6_673f929601994.header_color = "#"; block_td_uid_6_673f929601994.ajax_pagination_infinite_stop = ""; block_td_uid_6_673f929601994.max_num_pages = "1025"; tdBlocksArray.push(block_td_uid_6_673f929601994); </script><div class="td_block_wrap td_block_2 td_block_widget td_block_id_3368476966 td_uid_6_673f929601994_rand td_with_ajax_pagination td-pb-border-top"><h4 class="block-title"><span>Recent Government & Nonprofit Press Releases</span></h4><div id=td_uid_6_673f929601994 class="td_block_inner"> <div class="td-block-span12"> <div class="td_module_4 td_module_wrap td-animation-stack td_module_no_thumb"> <div class="td-module-image"> </div> <h3 class="entry-title td-module-title"><a href="https://california.realestaterama.com/napolitanos-statement-on-trump-administrations-attack-on-clean-water-ID09898.html" rel="bookmark" title="Napolitano’s Statement on Trump Administration’s Attack on Clean Water">Napolitano’s Statement on Trump Administration’s Attack on Clean Water</a></h3> <div class="meta-info"> <div class="td-post-author-name"> <span>- </span> <a href="https://california.realestaterama.com/author/california">California RealEstateRama</a> <span>- </span> </div> <div class="td-post-date"><time class="entry-date updated td-module-date" datetime="2019-07-05T00:04:12+00:00" >July 5, 2019</time></div> </div> <div class="td-excerpt"> Rep. Grace F. Napolitano (D-El Monte), issued the following statement after the Trump administration announced a new proposal—claiming it to be pro-industry—which would weaken federal clean water rules, putting at risk the health and safety of millions of Americans </div> </div> </div>  <div class="td-block-span12"> <div class="td_module_6 td_module_wrap td-animation-stack td_module_no_thumb"> <div class="item-details"> <h3 class="entry-title td-module-title"><a href="https://california.realestaterama.com/flood-protection-and-water-storage-ID09937.html" rel="bookmark" title="Flood Protection and Water Storage">Flood Protection and Water Storage</a></h3> <div class="meta-info"> <div class="td-post-author-name"> <span>- </span> <a href="https://california.realestaterama.com/author/realestaterama-2">RealEstateRama</a> <span>- </span> </div> <div class="td-post-date"><time class="entry-date updated td-module-date" datetime="2019-07-04T03:31:39+00:00" >July 4, 2019</time></div> </div> </div> </div> </div>  <div class="td-block-span12"> <div class="td_module_6 td_module_wrap td-animation-stack td_module_no_thumb"> <div class="item-details"> <h3 class="entry-title td-module-title"><a href="https://california.realestaterama.com/senators-include-legal-protections-for-military-families-in-privatized-housing-in-defense-bill-ID09930.html" rel="bookmark" title="Senators: Include Legal Protections for Military Families in Privatized Housing in Defense Bill">Senators: Include Legal Protections for Military Families in Privatized Housing in...</a></h3> <div class="meta-info"> <div class="td-post-author-name"> <span>- </span> <a href="https://california.realestaterama.com/author/realestaterama-2">RealEstateRama</a> <span>- </span> </div> <div class="td-post-date"><time class="entry-date updated td-module-date" datetime="2019-04-01T10:24:14+00:00" >April 1, 2019</time></div> </div> </div> </div> </div>  <div class="td-block-span12"> <div class="td_module_6 td_module_wrap td-animation-stack td_module_no_thumb"> <div class="item-details"> <h3 class="entry-title td-module-title"><a href="https://california.realestaterama.com/mccarthy-introduces-legislation-to-repurpose-high-speed-rail-funding-to-water-infrastructure-projects-ID09929.html" rel="bookmark" title="McCarthy Introduces Legislation to Repurpose High-Speed Rail Funding to Water Infrastructure Projects">McCarthy Introduces Legislation to Repurpose High-Speed Rail Funding to Water Infrastructure...</a></h3> <div class="meta-info"> <div class="td-post-author-name"> <span>- </span> <a href="https://california.realestaterama.com/author/congressman-kevin-mccarthy">Congressman Kevin McCarthy</a> <span>- </span> </div> <div class="td-post-date"><time class="entry-date updated td-module-date" datetime="2019-04-01T10:20:36+00:00" >April 1, 2019</time></div> </div> </div> </div> </div> </div></div> <aside class="widget widget_archive"><div class="block-title"><span>Government & Nonprofit Press Release Archive</span></div> 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