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MIMCO Announces President and New Hires

January 7, 2022

MIMCO Announces President and New Hires

Mimco, LLC (MIMCO) is excited to announce that it is growing its team of 50+ talented professionals at its El Paso, Austin, and newly constructed San Antonio offices. A leading commercial real estate management and investment company headquartered in El Paso, MIMCO oversees 350+ separate commercial properties, totaling 8+ million square feet of retail and industrial product for its affiliated owners in Texas, New Mexico and Arizona.
“The southwest United States, particularly Texas, has our focused attention”, stated Meyer Marcus, MIMCO’s Founder and Chairman. “Succession planning and staffing are key focal points that require constant attention and work.” “We’ve had a presence in San Antonio for over 15 years, so strengthening our roots in the market with a new office and new hires will help our management and operations immensely throughout the region.” “The retail landscape has changed tremendously during my tenure at MIMCO, but the one thing that has remained constant is having a strong team with a keen focus on the portfolios we manage and the clients we serve”, stated Scott Walker, MIMCO’s President. “We have focused the last year on assembling a robust team ready and excited for the growth ahead as we adapt to changing markets and take advantage of a broader range of opportunities coming our way.” MIMCO has announced the following recent team promotions and new hires: • Scott Walker, named President. Scott joined MIMCO 15 years ago and quickly established himself as a leader within MIMCO’s leasing department, negotiating hundreds of leases with regional and national tenants on a repeat basis across the portfolio. He has spent the last several years involved in MIMCO’s executive management decisions. In his new role, Scott will oversee the implementation and growth strategy moving forward, including leading the efforts to direct the overall growth initiatives by identifying new acquisitions, new partnerships and new investor relationships.

• Alex Cardoza, named Executive Vice President of Operations. Alex joined MIMCO over 10 years ago with a focus in property management but quickly learned the innerworkings of the business as he took on responsibilities across several departments, including accounting, property management, human resources and information technology. In his newest role, Alex will utilize his broad skills and experience to improve processes and efficiency across the entire company, which will enable MIMCO to achieve continued success during an unprecedented period of growth.

• Will Volk, newly hired Executive Vice President - Central Texas. Will joins MIMCO with over 12 years of experience in real estate brokerage, including time with Cushman Wakefield and the Retail Connection and most recently, Intrepid Equity Investments in Austin. Will’s primary responsibility will be to generate new deal flow in the Central Texas region and managing relationships related to acquisition and disposition efforts.

• McGee Sauls, named Senior Vice President – Leasing. McGee started his successful career at MIMCO in 2017 as Vice President, focused on leasing MIMCO’s ever-growing Central and South Texas portfolio. In a short time, McGee has proven himself as a creative dealmaker with unparalleled skills to manage all aspects of a transaction. He will now be managing and leading an eight-person department tasked with keeping occupancy high, deal flow steady, and building new tenant relationships for long term growth.

• Andy Moreno, named Senior Vice President – Marketing & Business Development. Andy has been with MIMCO since 2008, primarily focused on business operations and the management of deal-flow within its acquisition and disposition department. Having developed and implemented processes to successfully grow MIMCO’s footprint through acquisitions, Andy will bring his experiences and processes to leasing and marketing initiatives to source new opportunities in acquisitions, development, and tenant placement. He will work closely with Scott Walker and Will Volk in identifying opportunities across a wider spectrum of tenant uses, product types and new geographies.

• Alan Vieyra, newly hired Leasing Agent – Central & South Texas. Alan joins MIMCO with over five years of experience in commercial real estate and a passion for leasing to small businesses. With the last three years of his career focused in San Antonio, he joins MIMCO with a solid understanding of the market and relationships in the business.

• J.C. Caballero, newly hired Leasing Agent – El Paso & Southern New Mexico. J.C. brings a decade of experience in marketing, management and sales with the last six focused specifically in real estate. J.C.’s plans incorporate his sales and marketing experience into the broader MIMCO leasing efforts in El Paso and looks forward to helping businesses find their next location in a MIMCO property.

As published in: El Paso Inc Texas Real Estate and Business


MIMCO's Newest Northeast El Paso Development Brings Long Overdue Growth to Area

January 5, 2022

MIMCO's Newest Northeast El Paso Development Brings Long Overdue Growth to Area

Visit MIMCO’s newest development at the corner of Woodrow Bean Transmountain and Kenworthy St for an excellent lineup of tenants! Open now or coming soon are Olive Garden, Boozy’s Taco’s and Tap, Pizza Hut, Teapioca, Gentleman’s Barber Shop, Staybridge Suites, Jiffy Lube and Tommy’s Carwash Express.

The remaining land parcels up to 1.00 AC are avaialable For Lease, For Sale, or Build-to-Suit. Contact us today for more information: (915) 779-6500 or leasing@mimcoproperties.com


MIMCO Partners with San Antonio based non-profit, Emerge and Rise

December 13, 2021

MIMCO Partners with San Antonio based non-profit, Emerge and Rise

San Antonio, Texas: Commercial real estate firm MIMCO has partnered with San Antonio based non-profit, Emerge and Rise. The two companies will work together to increase the growth and advancement of local small businesses.

MIMCO, a well-established real estate management and investment company, attributes its success to maintaining high standards in service to ensure that its properties are well maintained and that the property management team is responsive to tenants’ needs. Headquartered in El Paso, with offices in San Antonio and Austin, MIMCO sought this partnership as an opportunity to give back to the Texas small business community. Emerge and Rise, is a small business incubator presenting professional opportunities and guidance to underrepresented entrepreneurs. The incubator focuses on providing tools and beneficial resources to owners such as veterans, minorities, women, immigrants, and previous felons.

“Emerge and Rise is providing valuable services to underrepresented members of the business community of San Antonio and, as MIMCO is a partner to many small businesses in the area, my team and I are pleased to offer our support to the organizations future endeavors,” said McGee Sauls, Vice President of MIMCO. “We look forward to working together with Emerge and Rise to continue to help local entrepreneurs.”

Nearing its 50th year in the industry, MIMCO is an invaluable resource for local entrepreneurs seeking to expand their knowledge in the commercial real estate field. Initiating its influence with a donation to Emerge and Rise’s business development program, MIMCO also plans to provide additional support of mentorship and expertise. In partnership, they intend to make a continuous positive impact on the communities of San Antonio.

For further inquiries about services, please visit: Emerge and Rise: emergeandrise.org

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To: MIMCO Tenants - Now Accepting Credit Card Payments

April 17, 2020

MIMCO is now accepting credit card payments. Click here to download the Credit Card Payment Authorization Form.


MIMCO Acquires 276,593 SF Retail Power Center in Corpus Christi

December 13, 2018

MIMCO Acquires 276,593 SF Retail Power Center in Corpus Christi

By Taylor Williams/REBUSINESS Online

CORPUS CHRISTI, TEXAS — MIMCO, a retail investment and development firm based in El Paso, has acquired Five Points Shopping Center, a 276,593-square-foot retail power center in Corpus Christi. The property was 99 percent leased at the time of sale to several national tenants, including anchors Ross Dress for Less, Hobby Lobby, Party City and Petco. Chris Gerard, Chris Cozby, Mark Witcher and Blaine Dozier of CBRE represented the seller, Brixmor Property Group, in the transaction. The sales price was not disclosed.

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Airway Chick-Fil-A location ready for grand opening

July 18, 2018

Airway Chick-Fil-A location ready for grand opening

By Jessica Gonzalez / KFOX14

EL PASO, Texas — One of the newest Chick-Fil-A locations will open next week.

The location at 1300 Airway Blvd. is opening next Thursday and will bring more than 100 new jobs to the area.

It is Chick-Fil-A tradition to give up to 100 people the chance to win free Chick-Fil-A meals for a year.

Customers camp out the night before the grand opening of a new restaurant, hoping to be part of the lucky 100.

A children’s book drive will also be held. People are encouraged to bring new and gently used books to the grand opening to be put in a book house for a local youth organization.

The location at 1300 Airway Blvd. is opening next Thursday and will bring more than 100 new jobs to the area.

It is Chick-Fil-A tradition to give up to 100 people the chance to win free Chick-Fil-A meals for a year.

Customers camp out the night before the grand opening of a new restaurant, hoping to be part of the lucky 100.

A children’s book drive will also be held. People are encouraged to bring new and gently used books to the grand opening to be put in a book house for a local youth organization.

Anthony Martinez, a UTEP graduate, is the franchise owner for the Airway location. When Martinez was young, he lived in the Cielo Vista Apartments that were demolished to make way for his Chick-Fil-A restaurant.

Martinez was inspired by the culture and family-oriented atmosphere of his local Chick-fil-A and decided to pursue a career with the chain.

“We are devoted to our community and look forward to making a positive impact on the lives of our guests,” said Martinez, who brought 31 mall team members with him to the new location. “Our goal is to provide a remarkable experience for every customer, every time, by serving food our guests can truly feel good about eating, providing sincere hospitality and helping in a greater capacity than ever before.”

The restaurant will open at 6 a.m.

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Albertsons-anchored East El Paso shopping center Montwood Mall sold to developer Mimco

April 17, 2018

Albertsons-anchored East El Paso shopping center Montwood Mall sold to developer Mimco

By Vic Kolenc / El Paso Times / Follow @vickolenc

Published 7:00 a.m. MT April 17, 2018

Mimco Inc., a large El Paso shopping center development company, has purchased Montwood Mall on the East Side.

The 178,000-square-foot strip center, located at Montwood and Yarbrough drives, is anchored by a recently remodeled Albertsons supermarket and the Premiere Cinema Montwood Movies 7 El Paso theater. It also has a Great American Steak Burger restaurant.

Mimco bought the center April 6 from the Noddle Cos., an Omaha, Neb.-based commercial real estate development and management company.

No sale price was disclosed, but the center was listed for sale at $14.9 million by Marcus & Millichap, a California-based commercial real estate investment services firm.

The center was appraised by the El Paso Central Appraisal District for tax purposes at $7.9 million.

Mimco has been buying shopping centers in San Antonio, Austin, Dallas, McAllen and Brownsville in the past few years, but this is the company’s first El Paso purchase in three years, said Bob Ayoub, Mimco’s chief public relations officer.

“We are always looking to expand our presence in El Paso. But not much is for sale in El Paso” because Mimco, River Oaks Properties and the Malooly brothers own most of El Paso’s shopping centers and don’t sell them, Ayoub said.

River Oaks, owned by Gerald Rubin, founder of El Paso consumers products company Helen of Troy, and Mimco, headed by Meyer Marcus, are El Paso’s largest developers of strip shopping centers.

Noddle officials were not immediately available Monday for comment about the sale.

“The (Montwood Mall) center has always done well. It has good demographics in the neighborhood, and good traffic,” Ayoub said. A new Circle K convenience store and gas station is being built across the street from the center, he noted.

Most of the center is leased, with “only about 5,000 to 8,000 square feet available,” Ayoub said.

The center also includes an Ace Hardware store, a Family Dollar and a Fallas discount clothing store.

The center was built in 1955, and has had several renovations over the years, according to a Marcus & Millichap sales brochure.

The center years ago was a minimall, with a large part of the center enclosed from the supermarket building to the movie theater building, said Alfredo Aguayo, maintenance manager at the center, where he has worked for 39 years. The only remaining enclosed portion is where the seven-screen movie theater is located.

The Montwood 7 movies theater was bought several years ago by Premiere Cinemas, a Big Spring, Texas, movie theater chain, which also operates a theater in Bassett Place.

Vic Kolenc may be reached at 546-6421; vkolenc@elpasotimes.com; @vickolenc on Twitter.

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MIMCO buys Eastside shopping center

April 16, 2018

MIMCO buys Eastside shopping center

MIMCO, one of El Paso’s largest commercial real estate development and management companies, is the new owner of a shopping center on the Eastside.

About three weeks ago, MIMCO closed the deal to acquire Montwood Shopping Center, which is home to an Albertsons grocery store, Great American Steakburger, Ace Hardware and Montwood Movies 7.

MIMCO bought the 178,000 center at an undisclosed price from Noddle Companies, a real estate firm based in Omaha, Nebraska, that owned the property since the late 1980s.

“We’re just excited about making another investment in El Paso, and we’ll continue growing our retail base,” said MIMCO executive Bob Ayoub. “It’s a great neighborhood.”

Ayoub said he sees potential in the aging shopping center at the intersection of Yarbrough and Montwood, but they don’t have any development plans yet.

MIMCO owns more than 320 properties and leases space to about 1,500 tenants.

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