L.A.-Based Firm Buys Glenwood Park Commercial District

A retail district in east Atlanta with several restaurants has changed hands.

An affiliate of Asana Partners sold the retail component of Glenwood Park to Westwood Financial for $25.5 million, Atlanta Business Chronicle reports .

Tenants of the development include the Chef Kevin Gillespie restaurant Gunshow, Emmy Squared Pizza, Drip Coffee, Vesper and more.

According to Westwood Financial, the area of the property is 48,633 square feet. The site is east of Grant Park and west of East Atlanta Village. It is also near the Atlanta BeltLine Southside Trail.

“This acquisition aligns with our strategy of investing in prime locations with strong growth potential and high-quality tenant mixes,” the firm said in an announcement.

Westwood Financial is a Los Angeles-based real estate investment firm with a portfolio of more than 125 shopping centers, mostly in California, Georgia, Arizona, Texas, Colorado and North Carolina. The firm was founded in 1970.

According to a site map, other metro Atlanta properties in the Westwood Financial portfolio include Decatur Crossing, Trinity Square in Decatur, Village Place at Brookhaven and Village at Peachtree Corners.

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