From 20% Occupancy to Full in Two Years

The borrower has renovated, expanded and revitalized the center during the past two years.

CLOVIS, CA—The Trading Post Shopping Center is located in close proximity to Freeway 168, the newest retail growth corridor in the area. More than two years ago, Jeff Hudson, managing director of capital markets for Walker & Dunlop, arranged a construction line of credit to fund the acquisition, rehab and tenant improvements for the 127,764-square-foot multi-tenant retail property. At the time, the shopping center was only 20% occupied with two unanchored spaces.

The borrower has since renovated, expanded and revitalized the center with national and regional credit tenants, achieving more than 95% occupancy and an impressive increase in activity. It is now anchored and occupied by well-known tenants such as Sprouts Farmer’s Market, Ross, Sketchers, Tuesday Morning, Dollar Tree, Pieology, Deli Delicious, Union Bank and others. In fact, the local ABC affiliate’s evening news highlighted the property’s renovation and transformation success story last year. This is in line with the strength of much of the Central Valley market, says Hudson.