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Helvetica Acquires $11,600,000 Multi-Tenant Retail Center in Oxnard, CA
The Helvetica Group announced today that it has acquired a distressed multi-tenant retail center in Oxnard, California. The property is a 65,000 square foot retail center that includes a diverse mix of regional, national and government tenants.
“There are a number of distressed retail properties that are being liquidated through foreclosure and REO sales. With over $1.7 Trillion in commercial notes maturing over the next four years we see a great opportunity to acquire many of these value-add retail properties that have significant upside. Many of these retail centers are in excellent condition but have low occupancy numbers due to mismanagement during the various stages of delinquency. Helvetica intends to capitalize on this liquidation and focus on distressed retail centers as acquisition targets and to provide leverage," stated Chad Mestler, CEO of Helvetica.
The experience of the management team has allowed Helvetica to position itself as an opportunistic real estate investment group. The ability to identify market inefficiencies has allowed Mestler, and the Helvetica team, to generate above average returns. Along with ramping up acquisitions, Helvetica is offering alternative financing to experienced value-add sponsors of commercial properties. (http://www.helveticagroup.com/
The Helvetica Group (http://www.helveticagroup.com/