W
estwood Financial has expanded its retail portfolio with the acquisition of Trails at 620, a 69,000-square-foot property in West Austin. The Los Angeles-based company, led by CEO Mark Bratt, purchased the asset from Partners Capital, which had acquired it in 2020 for an undisclosed price. JLL's Shea Petrick and Chris Gerard represented Partners Capital in the transaction.

    The shopping center is 80% leased to major tenants including AT&T, Freebirds, Green Mango, and Action Behavior Center. This marks Westwood Financial's first retail acquisition in Austin in years, aligning with its strategy of investing in high-growth markets. The company has a diverse portfolio spanning over 125 shopping centers across the US.

    The sale of Trails at 620 marked the final transaction from Partners Capital's Fund III, which targets industrial and office properties in Texas and the Southeast. Investor demand for retail centers remains strong in Central Texas and the South, driven by high-growth markets and limited supply. Recent deals include Publix's acquisition of two shopping centers in South Florida for $67 million and Tourmaline Capital's purchase of a 356,300-square-foot center in East Denver for $58 million.