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| 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
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