Clovis Shopping Center, ‘Turnaround’ Success Story, Secures $24M Loan

  • Oct. 31, 2017
  • The Business Journal

A Clovis shopping center is the beneficiary of a $24 million permanent financing loan, announced one of the largest commercial finance companies in the US. The 127,764 square-foot Trading Post Shopping Center at Clovis and Herndon avenues had sat mostly vacant for several years when Rich Development Enterprises, LLC, purchased the center in 2015 with a plan to rehab the property. Two anchor spaces were vacant at the time, and only 20 percent of the center was occupied. Rich Development — which also developed the Marketplace at El Paseo shopping center in northwest Fresno — expanded and brought in national and regional tenants including Sprouts, Ross, Skechers, Tuesday Morning, Dollar Tree, Deli Delicious, Union Bank and Pieology Pizza.

Read More

Available Properties

Join some of the nation's premier owners, operators, and developers by making a property investment with Walker & Dunlop Investment Sales.

Careers

Join an industry-leading team dedicated to providing unmatched commercial real estate finance expertise.