Success Story – Sierra Vista Shopping Center
Columbus Pacific loves its Albuquerque properties – not just for their picture perfect skies, but because CP has created tremendous value in this market. One of our most recent acquisitions – the Sierra Vista Shopping Center, a power center presently anchored by Marshalls, Stein Mart and Hobby Lobby, received some much needed Columbus Pacific magic which helped modernize its appeal to both tenants and customers.
CP's vision underscores the enormity of possibilities for a redevelopment of this property.
- Jim D., CBRE
Prior to Columbus Pacific’s ownership of this center, the property was going through tough times. With the loss of two major tenants and a dwindling customer base, Sierra Vista was not faring well. This loss, coupled with battered signage and storefronts, made the property unappealing for new tenants and reinforced its negative perception.
Through the use of its relationships with national retailers, Columbus Pacific was able to negotiate strategic partnerships with new tenants in order to bring life back to the center. These tenants brought with them much needed foot traffic. Columbus Pacific didn’t stop there- the company completely renovated the exterior facade and significantly contributed to new and existing tenant improvements. Because of its heavy involvement with the well-being of the property, Columbus Pacific was able to steer this property back on course.