{"id":1004801557,"date":"2026-06-11T04:25:39","date_gmt":"2026-06-11T12:25:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004801557"},"modified":"2026-06-11T06:00:24","modified_gmt":"2026-06-11T14:00:24","slug":"exclusive-phoenix-mall-lands-refi-after-extensive-revamp","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/exclusive-phoenix-mall-lands-refi-after-extensive-revamp\/","title":{"rendered":"Exclusive: Phoenix Mall Lands Refi After Extensive Revamp\u00a0"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a2acb3b76154&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004801559\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/exclusive-phoenix-mall-lands-refi-after-extensive-revamp\/hinkson-co-casa-grande-mall\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Hinkson-Co-Casa-Grande-Mall.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Hinkson Co Casa Grande Mall\" data-image-description=\"&lt;p&gt;Proprietary image obtained from Yardi Matrix&#8217;s database.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Following a revamp, Hinkson has attracted new retail tenants at this once-vacant shopping mall. Image courtesy of Yardi Matrix&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Hinkson-Co-Casa-Grande-Mall.jpg?w=640\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Hinkson-Co-Casa-Grande-Mall.jpg\" alt=\"Exterior shot depicting Casa Grande Mall in Casa Grande, Ariz.\" class=\"wp-image-1004801559\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Hinkson-Co-Casa-Grande-Mall.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Hinkson-Co-Casa-Grande-Mall.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Following a revamp, Hinkson has attracted new retail tenants at this once-vacant shopping mall. <em>Image courtesy of Yardi Matrix<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Hinkson Co. has secured a $30 million refinancing loan for Casa Grande Mall, a 221,328-square-foot retail asset in Casa Grande, Ariz., a southern Phoenix suburb, according to Yardi Matrix. Natixis issued the funds.<\/p>\n\n\n\n<p>The owner acquired the then-vacant property in 2024 for just $7.7 million. Following the deal, Hinkson implemented a renovation program backed by debt amounting to $15.4 million issued by Freedom Financial Funds, the data provider shows.<\/p>\n\n\n\n<p>Casa Grande Mall has already attracted new tenants, such as Hobby Lobby, which took up 54,027 square feet at the property, marking its first location in Casa Grande. E\u014dS Fitness also made its first move in the city, opening a 39,133-square-foot gym earlier this year. CBRE arranged the Hobby Lobby deal.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-tiktok wp-block-embed-tiktok\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"tiktok-embed\" cite=\"https:\/\/www.tiktok.com\/@commercialpropertyexec\/video\/7650136949973552406\" data-video-id=\"7650136949973552406\" data-embed-from=\"oembed\" style=\"max-width:605px; min-width:325px;\"> <section> <a target=\"_blank\" title=\"@commercialpropertyexec\" href=\"https:\/\/www.tiktok.com\/@commercialpropertyexec?refer=embed\">@commercialpropertyexec<\/a> <p>A once-vacant Phoenix-area mall is getting new momentum. \ud83d\udecd\ufe0f Hinkson Co. secured a $30 million refinancing loan for Casa Grande Mall, following an extensive revamp that has already brought in new tenants including Hobby Lobby and E\u014dS Fitness. RetailCRE PhoenixCRE CommercialRealEstate CREFinance <a title=\"retailrealestate\" target=\"_blank\" href=\"https:\/\/www.tiktok.com\/tag\/retailrealestate?refer=embed\">#RetailRealEstate<\/a><\/p> <a target=\"_blank\" title=\"\u266c original sound - cpexecutive - cpexecutive\" href=\"https:\/\/www.tiktok.com\/music\/original-sound-cpexecutive-7650136973281151766?refer=embed\">\u266c original sound &#8211; cpexecutive &#8211; cpexecutive<\/a> <\/section> <\/blockquote> <script async src=\"https:\/\/www.tiktok.com\/embed.js\"><\/script>\n<\/div><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/top-commercial-mortgage-lenders-and-brokerage-firms\/\">Largest Commercial Mortgage Lenders<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Located at 1226 East Florence Blvd., the retail center is more than 1 mile away from downtown Casa Grande, a city that serves as a manufacturing, logistics, health-care and retail hub for Pinal County. More than $7 billion in investment are planned across the submarket, with companies such as Lucid Motors, Procter &amp; Gamble, Nikola and Kohler looking to expand in the area.<\/p>\n\n\n\n<p>Hinkson is no stranger to renovating Phoenix-area shopping malls. It currently works on revamping several other retail properties, including Fiesta Commons, which is set to re-open this fall in Mesa, Ariz., and Power Village, another infill shopping center in Mesa.<\/p>\n\n\n\n<p>The company\u2019s principal, founder &amp; CEO, Chris Hinkson, has owned, developed and redeveloped more than 14 retail assets throughout the Southwest, accounting for more than 3.5 million square feet.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-strong-fundamentals-fuel-phoenix-s-retail-pricing-power\">Strong fundamentals fuel Phoenix&#8217;s retail pricing power<\/h2>\n\n\n\n<p>Phoenix\u2019s retail market posted strong results during the first quarter, having a vacancy of just 4.3 percent, marking a record low, according to a Colliers report. Rents were also up 2.2 percent during the first quarter.<\/p>\n\n\n\n<p>Retail investment clocked in at $388.2 million year-to-date through May, Colliers shows. Pricing power persisted with properties changing hands for $234 per square foot. For reference, during the entirety of last year, the figure averaged $192 per square foot, representing a 7.9 percent improvement compared to 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The once-vacant property has already attracted new tenants.<\/p>\n","protected":false},"author":3471,"featured_media":1004801559,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21742,1601,21749,15],"tags":[32789,35498,34029],"class_list":["post-1004801557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-latest","category-phoenix","category-retail","category-west","tag-cbre","tag-colliers","tag-natixis"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Exclusive: Phoenix Mall Lands Refi After Extensive Revamp\u00a0 - 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