NEWPORT BEACH, CA-Heslin Holdings Inc. has named Casey McKeon as director of acquisitions as part of the locally based firm's plans to expand its holdings, according to Matthew Heslin, president of the company. McKeon will oversee all acquisition and development opportunities in the Southwestern US as Heslin expands its portfolio of retail properties.
Heslin explains that his company has grown rapidly recently and in doing so has seen other opportunities to acquire retail properties. He says the firm needed someone dedicated full-time to the task of identifying and evaluating the potential acquisitions.
Before joining Heslin Holdings, McKeon was director of development at Southland Development Inc., where he oversaw retail development and handled acquisitions, entitlements, permitting and construction management. Heslin, founded in 2003, is a privately held full service real estate acquisition and development firm that specializes in acquiring and developing retail portfolios and properties.
Among the deals Heslin has been involved in this year was one reported on GlobeSt.com in September in which the Newport Beach firm signed United Kingdom-based Tesco, one of the world's largest grocery chains, to one of its first Southern California leases. Tesco signed the lease with a partnership of Newport Beach-based Heslin Holdings Inc. and San Diego-based Retail Holdings LLC for a 32,500-sf former Albertsons store at 4211 Eagle Rock Blvd. in L.A.'s Glassell Park.
The Albertsons store was part of a portfolio sale reported on in August by GlobeSt.com. In that deal, Heslin acquired six Albertsons supermarkets for $40 million in partnership with Retail Holdings. The deal included four Albertsons buildings that were acquired as a single $27-million portfolio and two others that were acquired separately.
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