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Westwood Financial acquires Stroh Ranch Retail Center
Parker, Colo. -- Westwood Financial Corp. said it has acquired the Stroh Ranch Retail Center, a 6,336-sq.-ft. property in Parker, Colo., outside Denver. Westwood Financial bought the distressed asset in a short sale and said it is currently eyeing similar opportunities in this sector.
The two-unit, 1999-built Stroh Ranch Retail Center currently counts Pizza Hut as its only tenant after Blockbuster vacated last year, leaving it 21% leased.
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Kroger: Energy consumption reduced by 30% since 2000
Cincinnati -- In its fifth annual sustainability report, released Tuesday, The Kroger Co. said it continues to meet its benchmarks, including reducing in-store energy consumption by 30%.
"In 2010, Kroger stores saved enough energy to power the city of Fort Worth for a full year,” said Rodney McMullen, president and COO of Kroger. “We sent less waste to landfills, recycled more plastic, and provided our customers with five million more reusable bags.”