Westwood Financial Sells Colorado Retail Center for $11 Million

Westwood Financial Sells Colorado Retail Center for $11 Million

Lone Tree, CO – July 7, 2011 – (RealEstateRama) — Westwood Financial Corp., one of the largest owner-operators of shopping centers in the U.S., has sold the 34,749 square-foot Heritage Hills Shopping Center in Lone Tree, Colo., as part of its efforts to strengthen its strategic investment in new Southeastern U.S. markets. The retail property, located at 9227-9231 Lincoln Ave., was in Westwood Financial’s portfolio for 11 years and sold to Carlisle Properties for $11.4 million.

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