Santa Fe Springs Promenade is a 115,000-square foot shopping center with several drive-thru pads along Telegraph Road.  In 2011, the Property was about 90% occupied, but with many short-term, non-credit tenants at low rents. 

 

We felt strongly, given the Property was well-located a block from the 605 freeway, and boasted over 60,000 cars per day on the corner, we would attract brand name tenants to the center.  Additionally, the Property had deferred maintenance and a "tired look".  We saw an opportunity to re-tenant and re-position the project.