News Summary
Westwood Financial has acquired the Eastway Square Shopping Center in Charlotte, boosting its retail presence in the booming Sunbelt region. The shopping center, located at the intersection of Eastway Drive and Central Avenue, spans over 130,156 square feet and features anchor tenant Food Lion, along with various popular retailers. With a growing local population and an average household income exceeding $112,000, Eastway Square is set to serve the community’s needs effectively. This acquisition is part of Westwood’s strategy to expand its portfolio in thriving markets like Charlotte.
Westwood Financial Spices Up Charlotte with New Shopping Center Acquisition
Charlotte is buzzing with excitement as Westwood Financial, a retail real estate investment firm based out of sunny Los Angeles, just made a **big splash** by acquiring the Eastway Square Shopping Center. This groovy neighborhood hub, stretching over a whopping 130,156 square feet, is nestled right at the bustling intersection of Eastway Drive and Central Avenue. It’s a perfect addition to the local scene and shows Westwood’s keen eye for growth opportunities in this part of the world.
Making Moves in the Sunbelt
This latest purchase is a part of Westwood Financial’s ongoing strategy to invest in **high-growth markets** throughout the Sunbelt region. As Charlotte continues to thrive, it’s clear the city is a hotbed for real estate investments, making it an ideal spot for the company to set its roots further. With over 311,000 residents living within a five-mile radius, Eastway Square is conveniently located to cater to the needs of the local community.
A Closer Look at Eastway Square
Food Lion is the **superstar anchor** tenant at Eastway Square, which has recently undergone some snazzy **interior and exterior renovations** to freshen things up. But Food Lion is not solo here! The center is bustling with a variety of other notable names like Ross, America’s Best, Papa Johns, Subway, WingStop, Rainbow, Dental Works, Hibbett Sports, and Showmars, ensuring that shoppers have a little something for everyone. Talk about a one-stop shop!
Strategic Location and Community Impact
With the average household income in the area tipping over **$112,000**, Eastway Square is in a prime position to thrive. The center doesn’t just serve residents; it connects with the community, bringing convenience and accessibility right to their doorsteps. This engagement with the local populace reflects the benefits of having retail spaces that align with the community’s needs.
Westwood’s Growing Portfolio
This is far from Westwood’s first foray into the Charlotte market. The firm already boasts a strong lineup of grocery-anchored properties around town, including **Prosperity Village Square, Steele Creek Crossing, Steelecroft Shopping Center,** and **The Arbors at Mallard Creek**. With each acquisition, Westwood Financial is reinforcing its commitment to supporting the community’s shopping needs by providing well-anchored retail spaces.
Strong Future Ahead
The buzz among the company’s executives indicates confidence in the **thriving grocery-anchored retail sector**. They are optimistic about potential future acquisition opportunities, suggesting that we might see even more exciting developments in Charlotte in the not-too-distant future. The possibilities seem endless as Charlotte establishes its place as one of the fastest-growing cities in the United States.
Why Charlotte?
In addition to its vibrant community, Charlotte recently found itself listed among the **Top 10 Places to Live in the U.S.** and has enjoyed a whopping **28% job growth** over the last decade. As the city expands and evolves, it’s becoming increasingly attractive for businesses and investors alike. The idyllic weather, coupled with job prospects and an abundance of recreational activities, makes it easy to see why folks are flocking to the Queen City.
As Westwood Financial continues to build its portfolio and footprint in Charlotte, residents can look forward to an enhanced shopping experience that promises to add even more convenience and options to their everyday lives. Stay tuned, Charlotte – this city is just getting started!
Deeper Dive: News & Info About This Topic
HERE Resources
Charlotte’s Population Set to Surpass 4.6 Million by 2050
Additional Resources
- Business Wire
- Wikipedia: Charlotte, North Carolina
- ReBusiness Online
- Google Search: Westwood Financial Charlotte
- Charlotte Observer
- Google Scholar: Westwood Financial
- Connect CRE
- Encyclopedia Britannica: Charlotte
- Commercial Search
- Google News: Westwood Financial
Author: HERE Charlotte
The CHARLOTTE STAFF WRITER represents the experienced team at HERECharlotte.com, your go-to source for actionable local news and information in Charlotte, Mecklenburg County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Lovin' Life Music Festival, Charlotte Pride festival, and major sporting tournaments at Bank of America Stadium. Our coverage extends to key organizations like the Charlotte Regional Business Alliance and Foundation for the Carolinas, plus leading businesses in finance and entertainment that power the local economy such as Bank of America and NASCAR. As part of the broader HERE network, including HEREAsheville.com, HEREGreensboro.com, HERERaleigh.com, and HEREOBX.com, we provide comprehensive, credible insights into North Carolina's dynamic landscape.
