Content about Passco Cos.

May 6, 2013

Passco Cos. announced that Larry Sullivan has been named president, effective May 30.

Irvine, Calif. -- Passco Cos. announced that Larry Sullivan has been named president, effective May 30.

Sullivan, who currently serves as CFO and CFO of Passco, succeeds William Winn, who recently resigned.

William Passo, founder, will remain in his current position as CEO.
 

 

May 14, 2012

Irvine, Calif.-based Passco Cos., said it has negotiated a $25.8 million loan to refinance Silver City Plaza, a 41,583-sq.-ft. neighborhood shopping center in Las Vegas.

Las Vegas -- Irvine, Calif.-based Passco Cos., said it has negotiated a $25.8 million loan to refinance Silver City Plaza, a 41,583-sq.-ft. neighborhood shopping center in Las Vegas.

The new loan was arranged with Cantor Commercial Real Estate, an affiliate of Cantor Fitzgerald, and was uniquely structured to accommodate a challenged market.

May 2, 2012

Irvine, Calif.-based Passco Cos. announced it has completed the acquisition of Shoppes at Coronado Place I, a 14,534-sq.-ft. strip center in Blue Springs, Mo., two miles from downtown Kansas City.

Kansas City, Mo. -- Irvine, Calif.-based Passco Cos. announced it has completed the acquisition of Shoppes at Coronado Place I, a 14,534-sq.-ft. strip center in Blue Springs, Mo., two miles from downtown Kansas City.

The purchase price was $4.3 million.

The property is across the street from a Wal-Mart, Home Depot and the new 600,000-sq.-ft. Adams Dairy Landing power center, anchored by Target.

May 13, 2011

Passco Cos. LLC said it has purchased four CVS stores in sale-leaseback deals.

Irvine, Calif. -- Passco Cos. LLC said it has purchased four CVS stores in sale-leaseback deals.
 
All four stores are newly constructed and recently opened by CVS, typical of the prototype for newer CVS retail/pharmacy stores. These features include drive-thru pharmacies, pick up stations, integration of CVS merchandise plans with interior design, and exterior signage modified to meet local ordinances.

June 30, 2007

The Sembler Co. felt right at home amid the mixed-use buzz at this year’s International...