Contact Us
News

Heslin's $100M Expansion Plan

Placeholder

Heslin Properties VP of acquisitions Casey McKeon tells us the Laguna Hills-based firm has embarked on the acquisition of at least $100M of Class-B and -C properties in the Western US this year. He says the time is right to buy value-add properties in all sectors in markets with strong enough housing, employment and retail fundamentals (which, remarkably, are still being overlooked by investors).

Placeholder

As part of its foray into value-adds, the company recently closed on West Central Plaza Shopping Center, a 123k SF property in Albuquerque. Heslin plans to invest more than $12M—for both the acquisition and to redevelop and re-tenant the property—as part of a its value-add strategy. Heslin CFO John Belanich says the property affords the company a chance to tap the unmet demand for retail services in this part of the city, especially because of Albuquerque’s restrictions on constructing new retail spaces over 80k SF.