April 8, 2016
Laguna Hills-based Heslin Holdings, Inc. has completed a series of transactions, including the acquisition of a multi-tenant industrial property in Fontana. The company also completed retail deals in Tigard, OR, Albuquerque, NM and a multifamily transaction in Denver.
Heslin purchased a 34,000-square-foot industrial property on a 2.7-acre urban infill site at 14987 Ceres Ave. in Fontana for $2.2-million. The multi-tenant property is home to several smaller manufacturing tenants, and was acquired in a joint venture with a West Coast family office. The property offers upside potential through below- market in-place rents, as well as land for future development.
Casey McKeon, Heslin’s vice president of acquisitions, says the CRE investment and development firm plans to pursue value-add commercial acquisitions in all sectors, with a “goal of placing up to $150 million in 2016.”