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Heslin Holdings has announced plans to invest $75 million in equity into retail assets over the next 12 months. The firm says that there are still plenty of opportunities in the retail market, despite headlines, particularly in adaptive reuse projects, restaurants and daily needs categories. Heslin will focus these investment dollars on growth markets West of Texas.

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Heslin Holdings, Inc. Acquires Tucson Retail Property

TUCSON, Arizona – Heslin Holdings, Inc. of Laguna Hills, CA, a privately owned commercial real estate investment and development firm, with its newest acquisition, added 35,787-square-feet of retail building in Tucson to its protfolio. The acquisition is part of its larger plan to invest $75 million in retail properties over the next year and is the fifth in a series of similar acquisitions. The property will be remodeled, repositioned and leased to an undisclosed single tenant which will open in 2019.

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Heslin Holdings Announces Start of Construction on New Joint Venture Project

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 一 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 一 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.

Heslin Holdings Announces Grand Opening of T-Mobile in Albuquerque, NM

Laguna Hills, CA (July, 2018) - Heslin Holdings, Inc. a privately owned commercial real estate investment and development firm announced the grand opening of T-Mobile in their shopping center, West Central Plaza, located in Albuquerque, New Mexico.

T-Mobile joins Panda Express in the recently constructed multi-tenant drive-thru building along the high traffic corner of Atrisco Dr SW and Central Ave NW. Now with both tenants, there is only one spot available on the high profile corner.

Managing Partner and CFO, John Belanich remarks, “We are excited to bring this high quality tenant to the center. Previously, this hard corner was underutilized; however, with the new shops building it has increased traffic and added value to the center.

Heslin Holdings first acquired the former Kmart anchored shopping center in April of 2015. Since then, Heslin Holdings has put the project on the fast track. The company demised the former Kmart into two spaces which now consists of a Burlington and a Conn’s Home Plus. The previous multi-tenant shops building was converted into Harbor Freight Tools. Heslin also increased the GLA by constructing the multi-tenant drive-thru pad as well as 17,000 square feet of shop space for additional tenants, now filled partially by Dollar Tree.

The strength of the redeveloped shopping plaza can be seen in the traffic increase to the center, and especially in the success of the tenants. Since it’s grand opening, this Burlington location is their highest performing store in the Albuquerque market. The Heslin Holdings team is thrilled at the success of the center and is excited for what’s to come.