NETCO INVESTMENTS, INC., ANNOUNCES THE ACQUISITION OF THE FORMER WAL-MART BUILDING IN HANFORD, CA

Hanford, CA-NetCo Investments, Inc., a Santa Monica, CA based retail real estate investment and development company is pleased to announce its acquisition of the former Wal-Mart building in Hanford, CA.

The property is comprised of approximately 125,999 sqft on 12 acres. The building is a part of a larger shopping center Centennial Plaza, which includes prominent tenants such as FoodsCo, Jo-Ann, Pep Boys and Dollar Tree.

Centennial Plaza is located at one of Hanford’s most dominant intersections. Situated at 12th Avenue and Lacey Boulevard, the shopping center is directly across from a newer Home Depot and the Hanford Mall, which houses many retailers such as Sears, JC Penney, Mervyn's, Gottschalks, and Ross. Retailers in the immediate area include a newly opened Target, Michael’s, Marshall, PetsMart and Old Navy.

As an original tenant of Centennial Plaza, Wal-Mart had been very successful at this location. Thereby, prompting their decision to relocate just down the street to a new 209,860 sqft Supercenter, which opened May 2006. NetCo Investments plans to redevelop the former Wal-Mart building. Several different conceptual plans are being discussed and the final one will be predicated based on tenant interest and leasing activity.

NetCo Investments, Inc’s business objective is to acquire, redevelop and reposition well located shopping centers and vacant buildings throughout the western states. The company is extremely hands-on with a proactive management style to ensure quality, value, and commitment to its investors, lenders, tenants, and the communities in which it invest. ###

For more information about this project or to submit an acquisition opportunity, please visit our website at www.netcoinvestments.com or call 310-899-6003.