LAKEWOOD COLONIAL CENTER CHANGES HANDS IN WASHINGTON

LAKEWOOD, WASH. — Lakewood Colonial Center, a 114,691-square-foot retail center, has sold to Westwood Financial Corp. for an undisclosed sum. The center is located at 9400 Gravelly Lake Drive and 9310 Bridgeport Way in Lakewood, which is southwest of Tacoma. It contains two parcels, a 75,000-square-foot North Block and a 40,000-square-foot East Block. Westwood purchased the REO center from a local bank.