LOS ANGELES--(BUSINESS WIRE)--Westwood Financial, a 55-year-old leading retail real estate investment firm based in Los Angeles, today announced the successful sale of Quorum Plaza, a 77,319-square-foot two-story retail destination located in Addison, Texas, within the Dallas-Fort Worth-Arlington metropolitan area.
Located at 4900-4980 Belt Line Road, Quorum Plaza is situated in the “Platinum Corridor,” approximately 20 minutes north of downtown Dallas. The property features tenants such as Verizon, The Melting Pot, 7-Eleven, and The Improv, offering a mix of dining, entertainment, and retail options. At the time of sale, the property maintained solid occupancy and provided steady foot traffic with over 839,000 annual visitors.
"Quorum Plaza represents a strategic step in our ongoing efforts to curate our portfolio, and focus on acquiring and operating best-in-class neighborhood centers in target markets," said Lauren Ball, Chief Operating Officer of Westwood Financial.
Westwood Financial has a significant presence in Dallas, with properties including Old Town Shopping Center, Village at Preston Hollow and Legacy Ranch. The transaction highlights the strength of the Dallas-Fort Worth market and the ongoing demand for strategically-located, high-performing, and professionally-managed retail assets. JLL Investment Sale Advisory facilitated the sale.
"The sale of Quorum Plaza reflects our commitment to refining our portfolio while continuing to grow our footprint in the Texas market," said Juyuan Wei, Chief Financial Officer of Westwood Financial. In Texas, Westwood Financial recently acquired Trails at 620, a 69,037-square-foot retail center in Austin, becoming one of the first properties owned by the firm in this market. Trails 620 offers ample growth opportunity in a supply-constrained submarket.
Celebrating its 55th anniversary in 2025, Westwood Financial owns and manages more than 125 properties with a 97% occupancy across the firm’s portfolio, and has a dominant presence in the Sunbelt region.
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About Westwood Financial
Westwood Financial owns, manages, and operates over 125 high-quality shopping centers in top U.S. metropolitan markets, including Atlanta, Charlotte, Dallas, Denver, Los Angeles, Orlando, Phoenix, and Raleigh. Top-tier grocers and leading service and experiential-based operators primarily anchor the centers. Established in 1970 by Howard Banchik and Steven Fogel, Westwood Financial is headquartered in Los Angeles, with regional offices in Atlanta, Dallas, and Phoenix.
