New York- April 17, 2015- Cohen Equities announced today that it has acquired Visalia Pavilion located at 3833-4015 W Caldwell Avenue in Visalia, CA. Visalia Pavilion is a 33,359 square foot community shopping center 40 miles south of Fresno and 70 miles north of Bakersfield. The property is anchored by WinCo.
The property was constructed in 2007 and is currently 73% occupied by 11 tenants including Starbucks, Subway and T-Mobile. The vacant suites are grouped into four parcels within the WinCo complex. Notable retailers in the area include Home Depot, Walmart, Costco, Best Buy, Sports Chalet and Lowes, among others.
“We are excited about this shopping center because of its national tenants- Starbucks, Subway, and T-Mobile”, said Meir Cohen, CEO and Chairman of Cohen Equities. “There’s also a great upside with three vacancies, which we intend to fill quickly.”
About Cohen Equities
Cohen Equities is a national real estate investment firm that pursues commercial assets that present an opportunity to add value in both secondary and gateway markets. The company has successfully invested in and improved more than 9 million square feet of real estate across the United States. Led by Meir Cohen, a real estate veteran with more than 30 years of experience, Cohen Equities creates significant value through active management, leasing and repositioning activities. For more about Cohen Equities, please visit cohenequities.com.