Hinkson Co. has secured a $30 million refinancing loan for Casa Grande Mall, a 221,328-square-foot retail property in Casa Grande, Ariz. The new financing was provided by Natixis and comes after a multi-year repositioning of the formerly vacant center. Casa Grande sits along Interstate 10 between Phoenix and Tucson, positioning the mall to serve a wide regional trade area.
According to reporting from Commercial Search, the current ownership acquired the then-vacant Casa Grande Mall in 2024 for $7.7 million. Following that transaction, Hinkson put a renovation plan in place that was supported by $15.4 million in debt issued by Freedom Financial Funds. The capital stack backing the project has therefore combined acquisition capital, renovation financing and now a sizable refinancing layer secured through Natixis.
The renovation and leasing strategy have brought in new tenants, including Hobby Lobby and EoS Fitness, helping to reestablish occupancy at the property. These retailers add daily needs and fitness components to the tenant mix, reinforcing the mall’s role as a community-oriented retail destination. The presence of these tenants is a key part of the asset’s transition from a vacant property to an active regional center.
Casa Grande Mall is located at 1226 East Florence Blvd., approximately one mile from downtown Casa Grande. The city functions as a manufacturing, logistics, health-care and retail hub for Pinal County, giving the mall exposure to a diverse employment base and customer pool. Its location along a primary corridor enhances connectivity for both local residents and regional visitors traveling between the state’s two largest metro areas.
Beyond this project, Hinkson has been active in repositioning other retail centers in the broader Phoenix area. The company has worked on revamping Fiesta Commons, a retail property in Mesa, Ariz., which is slated to reopen this fall. Hinkson is also involved with Power Village, another infill shopping center in Mesa. These initiatives underscore the firm’s ongoing focus on upgrading older retail assets in established trade areas.
The Casa Grande Mall refinancing marks a significant milestone in the asset’s turnaround, following its acquisition out of vacancy, renovation backed by Freedom Financial Funds and subsequent lease-up to new anchor tenants. The Natixis loan provides a new layer of long-term capital to the property as it continues operating as a regional retail hub within Pinal County.
