Heslin Holdings Announces the Retail Acquisition of Former Babies ‘R’ Us

Laguna Hills, CA (November, 2018) – Heslin Holdings, Inc. a privately owned commercial real estate investment and development firm announced the retail acquisition of a former Babies R Us box in Tucson, Arizona. The developer plans to repurpose the building with an expanding national tenant.

The 37,000 square-foot big box sits across from the Tucson Mall, the largest shopping mall in Tucson, AZ. The site lies in a prominent retail corridor among several notable national tenants such as Target, Home Depot, Lowe’s, Chick-fil-A, In-N-Out and others.

After a short-term close and quick money release, Heslin acquired the asset at $3.4 million with an all cash closing. This is Heslin’s second acquisition within 30 days as part of their investment strategy to deploy $75 million towards retail assets over the next year.

This acquisition quickly follows on the heels of Heslin’s most recent acquisition of a former Safeway box in Tucson, AZ. These two recent acquisitions reflect part of Heslin’s investment strategy to repurpose vacant big box stores as the retail market evolves. With another acquisition completed, Heslin is excited to move closer towards their $75 million investment goal.