HAWAIIAN GARDENS, CA-A new Walmart Neighborhood Market will be the anchor tenant of the revamped Hawaiian Gardens Town Center, purchased last year by HP Investors LLC.

Colliers International has been retained as the center's leasing agent. The new Retail Foresight team at Colliers was instrumental in bringing in the Walmart store, the fifth grocery outlet for the retail giant in Los Angeles County. HP Investors said Walmart's decision to locate one of its new grocery stores at the center will help bring the property back to being one of the top neighborhood centers in Hawaiian Gardens.

“Walmart's lease was an off-market transaction that we were able to complete because it made economic sense for everyone involved,” said James Rodriguez, SVP at Colliers International. “Due to the financial meltdown in 2008, the center has had increased vacancies, high tenant turnover and a general deterioration of its physical state. But now, with property improvements planned by HP Investors and the draw of a new Walmart Neighborhood Market, there has been a significant amount of tenant interest.”

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