Recognizing a great opportunity because of its immediate access to Freeway 168 and unique location across the street from a regional shopping destination, Gryphon Capital undertook a major renovation effort that completely revitalized the center. Significant aesthetic enhancements were added and the center was expanded to accommodate national, regional and local tenants including: Sprouts, Ross, Skechers, Tuesday Morning, Dollar Tree, Rubio’s, Blue Moon Yoga and Pieology Pizza to name a few. The resulting impact to the area included adding over 300 new jobs and creating a large boost in tax revenue for the city.
HIGHLIGHTS
- Strong national tenant anchors include popular grocery store Sprouts and Ross Dress for Less
- Brought center from 13% leased at acquisition to 100% leased today
- Retail sales at the project upon acquisition: $3.75M; Sales today: $45M
- Added over 300 new jobs to the community
- Created a large boost in tax revenue for the city
Case Study
A unique location. A developer with a vision. A major renovation. How Gryphon Capital brought a forgotten center back to life.
Recent Trading Post Press
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Fresno Ag Hardware Opens in Clovis, CA
GV WIre — November 11, 2023
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Fresno Ag Hardware is now in Clovis
The Clovis Roundup — October 30, 2023
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Fresno Ag sets opening date for new Clovis store — and they’ll celebrate with a chainsaw
The Fresno Bee — November 7, 2023
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Fresno Ag Hardware's Clovis grand opening an event 146 years in the making
The Business Journal — November 7, 2023
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Eureka! burger restaurant to open new location in Clovis
KFSN ABC30 — October 31, 2023
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Eureka! brings second restaurant to Fresno area — with a ‘mysterious’ outdoor patio
The Fresno Bee — October 27, 2023
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Barbershop moving outside to continue operating during the pandemic
yourcentralvalley.com — July 21, 2020
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Clovis CycleBar holding classes outside amid new CA business shutdowns
ABC 30 — July 15, 2020
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This shopping center at busy Clovis intersection is adding some healthy business
The Fresno Bee — August 20, 2018
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New options in the Valley to get in shape
ABC 30 — May 29, 2018
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The Trading Post celebrates Cinderella-style transformation
The Clovis Roundup — November 14, 2017
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Clovis shopping center, ‘turnaround’ success story, secures $24M loan
The Business Journal — October 31, 2017
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Shopping Center in Clovis Coming Back to Life
ABC 30 — March 12, 2016
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Shoppers line up at new Ross in Clovis
ABC30 — March 5, 2016
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Retail Therapy: 2 Fig Garden Village stores close, new shops headed for Clovis
The Fresno Bee — February 5, 2016
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Sprouts to open Clovis store Feb. 17
The Business Journal — February 2, 2016
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Clovis Sprouts store to open in February, create 100 jobs
The Business Journal — November 19, 2015
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Sprouts confirms 2016 opening in Clovis
The Fresno Bee — October 5, 2015
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Felled trees at Clovis shopping center will be replaced
The Fresno Bee — June 21, 2015
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Sprouts Farmers Market to open in Clovis
The Fresno Bee — May 19, 2015
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Changes on the horizon for The Trading Post shopping center In Clovis
ABC30 Action News — May 19, 2015