Thank you for sharing!

Your article was successfully shared with the contacts you provided.

STANTON, CA-Heslin Becker Properties of Seal Beach, CA has acquired a 30,000-sf former Albertsons building and plans to spend $6 million to convert it to a new prototype design for Smart & Final, which has signed a long-term lease for the building. According to Heslin Becker principal Matthew Heslin, Smart & Final had its eye on the location for quite a while.

The Smart & Final building is located at 7050 Katella Ave., close to the 405 and 22 freeways. It is the anchor in its strip center. Target, Beverages & More, Ross and Staples are situated across the street and on the opposite corners of the intersection. Smart & Final Inc. operates 229 non-membership warehouse stores in the western US and northwest Mexico under the Smart & Final (183 stores) and United Grocers Cash & Carry (46 stores) names.

The Smart & Final project marks the second purchase of an Albertsons property in Stanton for Heslin Becker, which is a shopping center investment and development company specializing in acquiring and developing retail portfolios and properties throughout the Western US. The other Albertsons that Heslin Becker bought in Stanton was an 80,000-sf store at 7910 Katella Ave. that the company converted to a Food4Less.

Earlier this year, Heslin Becker unveiled a 30,000-sf project in the center of Pico Rivera, CA called Pico Plaza retail center. Heslin Becker built the Pico Plaza center, which features a Rite Aid as one of its anchors, as a redevelopment and repositioning project on a site that had been vacant for nearly 10 years.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.