Heslin Holdings, Inc. Announces Start of Construction on New Joint Venture Project in Huntington Beach, CA
Laguna Hills, CA (August, 2018) – Heslin Holdings, Inc., a privately owned commercial real estate investment and development firm announced the start of construction on their joint venture project in Huntington Beach, CA on August 6th, 2018.
When Heslin Holdings first approached Warnerdale Square, it had become a bit of an eyesore for the city with quite a bit of vacancy — particularly the vacant building on the NE corner of the site that had attracted a homeless population for the past few years.
Before development could begin, Heslin had to tackle a major issue: the center was severely under parked. By leveraging their relationships with the city of Huntington Beach, Heslin successfully lobbied to have the parking standards altered for the shopping center. Since Warnerdale square was built before 1980s, Heslin pushed for the parking standards of that time period to apply.
Now with nothing holding the project back, development is well underway. On August 29th, the building on the northeast pad was completely demoed, making way for the planned drive-thru Starbucks, as part of a multi-tenant building.
For two members of the Heslin Holdings acquisitions team, this project holds a special meaning. Casey and Tim McKeon, both long-term residents of Huntington Beach, grew up working in their family’s butcher shop, the Beef Palace, in the adjacent shopping center on the northwest corner of Warner and Springdale.
Casey McKeon, Vice Principal of Acquisitions, remarks on what this project means to him,
“Even before I became a developer, this center always intrigued me because of its untapped potential. As a long-time community member, I am especially proud that we were able to work with the existing owner to make a positive impact on the community, by creating jobs and driving traffic to the center.”
In addition to the drive-thru Starbucks, Heslin has completed a full facade renovation on the rear u-shaped building. They have also leased the vacant middle pad to Optima Salon Suites, a new concept that allows beauty professionals to lease studio space for their business.
The Heslin team is very excited to see the positive impact the project will have on the surrounding community.
About Heslin Holdings, Inc.
Founded in 2003, Heslin Holdings is a commercial real estate 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.