The Project: An existing 94,590 s.f. shopping center that was only 25% occupied and suffered from extreme deferred maintenance.
Challenges: Ownership did not want to sell the property but called upon Heslin Holdings’ professionalism and experience to assist them in redeveloping the center. Heslin Holdings was able to get creative in order to structure a Joint Venture agreement that was beneficial to both parties.
Results: Heslin Holdings is leveraging the same team of consultants from Rio Rancho and West Central, NM to successfully redevelop the center. Heslin Holdings is currently under negotiations with several retailers and adaptive re-use tenants with the goal of starting construction in 2017.