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8/13/24
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Westwood Plaza, a 69.9k sf, 100%-occupied regional shopping center in Great Falls, MT, was purchased by an East Coast-based private investment firm. The price was not given out.
Built in 2017, Westwood Plaza is located at 135-209 Northwest Bypass in Great Falls. The center is anchored by TJ Maxx, Staples, Dollar Tree, ULTA Beauty, and Mattress Firm, and shadow-anchored by Sam’s Club, Ace Hardware, and North 40 Outfitters. Surrounding tenants include Sam’s Club, North 40, Albertsons, Ace Hardware, Sherwin-Williams, U.S. Bank, Buffalo Wild Wings, Domino’s Pizza, Burger King, and a coming soon Wendy’s.
Westwood Plaza is strategically located directly across the street from Montana ExpoPark (over 450,000 annual visitors). The 133-acre park is home to the Montana State Fair and hosts events annually including concerts, horse races, sporting events, trade shows, rodeos, auctions, dances, and regional conventions.
Greg Swedelson and Jon-Eric Greene of SSG Realty Partners, along with Hanley Investment Group’s Bill Asher and Beau Velten, and Scott Reid of ParaSell Inc, represented the seller, a private investor from northern Michigan. The buyer repped themselves. According to Swedelson, Westwood Plaza is the third-ranked shopping center in Montana (per Placer.ai) and is surrounded by high-performing complementary national tenants that generate significant daily customer traffic and draw from a large regional trade area.
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