Heslin Holdings, Inc. Announces Grand Opening of Two Anchor Tenants in Albuquerque, New Mexico
Laguna Hills, CA (March, 2016) – Heslin Holdings, Inc., a privately owned commercial real estate investment and development firm, announced the opening of Conn’s Home Plus and Burlington in West Central Plaza Shopping Center, a retail property located in Albuquerque, New Mexico. Now less than a year later when Heslin acquired the property in April of 2015, the company has successfully secured two anchored tenants.
The 123,048-square-foot retail center sits on 12.9 acres at 4208 Central Avenue SW, and is the former site of a Kmart, which occupied the largest single tenant space on-site until the retailer vacated three years ago. Heslin demised the space to accommodate multiple tenants, now filled by Conn’s and Burlington. Early indications show that these two stores are on track to be the top selling stores of Conn’s and Burlington in the state of New Mexico.
“We are excited to have both Conn’s and Burlington open as they are the main anchors and therefore draw to our West Central Plaza shopping center. Their strong sales performance since their opening speaks to the unmet demand in this under retailed sector of the Albuquerque market. We fully expect that their presence and strong sales will allow us to continue to draw strong national tenants as we finish the redevelopment of West Central Plaza,” said Casey McKeon, Vice President of Acquisitions for Heslin Holdings.
Additionally, the center features a number of smaller retail tenants in a separate, adjacent multi-tenant building, as well as a restaurant occupying a third building. A generous 651 parking spaces are included in the outdoor parking lot.
Heslin Holdings will continue to pursue value-add commercial property opportunities throughout the country, with an emphasis on the Western United States. The company currently operates a 1.5 million-square-foot investment portfolio.
About Heslin Holdings, Inc.
Founded in 2003, Heslin Holdings is a commercial real estate investment and development firm. The firm invests its own funds alongside a network of investors with varying investment criteria. Heslin Holdings and its affiliated companies oversee a real estate portfolio comprising 1.5 million square feet of investment properties. The firm is headquartered in Laguna Hills, California.