Thursday, February 25, 2016

Passco Secures Four National Retail Tenants in Handford, CA Asset

Todd Siegel
HANFORD, CA (Feb. 25, 2016) – Passco Companies, LLC has secured four national retail tenants for its retail asset, Hanford Mall in Hanford, California; Buffalo Wild Wings, Five Guys, Dunkin Donuts, and Pieology.

“As a retail owner since our inception in 1998, Passco has always found new ways to optimize our retail assets,” says Todd Siegel, Vice President Retail of Passco Companies. 

“This property is no exception.  These new restaurant tenants will draw new and repeat consumers, which will ultimately increase net operating income and improve overall property value over time.”

Siegel notes that a focus on dining and experience tenants continues to be a priority for retail owners in today’s market.

“Retail turnarounds are a specialty for our team,” Siegel says.  “We are experienced in transforming large retail centers, and we are able to draw upon that strategic knowledge to create value in our mall assets as well.”

Hanford Mall, located at 1675 West Lacey Blvd. in Hanford, is anchored by Kohls, Forever 21, Sears, JC Penney, and Cinemark 8.

Passco’s new tenants Buffalo Wild Wings, Five Guys and Pieology are already under construction, with planned openings in Summer 2016.  Dunkin Donuts is set to begin construction shortly.

“Each of these new leases demonstrates our ongoing strategy to ensure long-term stabilized growth in our Hanford Mall asset, ultimately delivering strong returns to our investors,” says Siegel.

For a complete copy of the company’s news release, please contact:

Lexi Astfalk / Jenn Quader
Brower, Miller & Cole
(949) 955-7940

No comments: