1750 W. Lacey Boulevard, Hanford, CA
125,999 Square Feet
The property is comprised of 125,999 square feet on 12 acres. The Wal-Mart building is part of a larger shopping center, Centennial Plaza that is approximately 264,601 square feet on 27.66 acres. Other prominent tenants in the shopping center include FoodsCo, Jo-Ann Stores, Pep Boys, Dollar Tree, Subway, Taco Bell, Chevron, and Rally's.
Situated at the intersection of 12th Ave and Lacey Boulevard, Centennial Plaza is located at the most prominent and dominant retail hub in Hanford. Some of the national retailers located at this intersection include JC Penney, Mervyn's, Sears, Gottschalks, Ross, Home Depot, FoodsCo and Jo-Ann Etc. The immediate area tenants include a newly opened Target, PetsMart, Marshalls, Michael's, and Old Navy.
The shopping center was developed by Donahue Schriber in 1991 and subsequently sold to Western Real Estate Investment Trust (WREIT). Pan Pacific bought WREIT and after several years sold Centennial Plaza to SafCo Capital in December 2002.
Wal-Mart was very successful in this location and several years ago began the entitlement process to relocate into a larger building. The new Wal-Mart Supercenter, which opened May 17, 2006, is located just down the street between the Target Center and 198 Freeway. NetCo Investments® acquired the former Wal-Mart building in August 2006. For the 2006 Halloween Season, a portion of the building was temporarily occupied by Party City's Halloween Costume Warehouse. The Halloween Costume Warehouse exceeded their sales projections, making this location one of the top 5 in California. On June 22, 2007 NetCo Investments, Inc.® sold the former Wal-Mart building to Redwood Real Estate Partners, LLC.