INDIO, CALIF. — Haagen Co. has acquired the Indio Fashion Mall, a 215,000-square-foot shopping mall in Indio, for an undisclosed price.
REO Property Group LLC sold the asset, according to the Desert Sun. Haagen Co. plans to redevelop and expand the property, which was 30 percent leased at the time of sale, into a retail, dining and entertainment destination. The design will include public gathering spaces, areas reserved for community events and landscaping throughout.
In addition, Haagen Co. plans to incorporate the adjacent 20 acres of land, owned by the City of Indio, into the new development. Current retailers at the mall will remain open for business while design plans are in progress. Haagen Co. plans to begin the first phase of redevelopment in 2019.