Great Plains
Holdings this morning reported that its wholly owned subsidiary, Ashland
Holdings, LLC, has completed phase 1 of its project pertaining to two recently
acquired properties in Wildwood, Fla.
The previously
announced acquisition includes approximately 0.9 acres of land, a
1,400-square-foot corporate office building, and an additional parcel of land
with a manufactured home. Great Plains plans to occupy one or more of the five
office spaces on the property and lease the remaining vacant offices to derive
revenues.
Ashland has
successfully completed the first phase of this plan ahead of schedule and under
budget, reporting that the first tenant lease has been executed and the first
tenant has moved in.
Phase 2 of this
project is expected to be completed by the end of April 2014. This will allow
for additional leases and cash flow for Ashland Holdings, aligned with Great
Plains’ overarching goal to keep zero debt while increasing income streams over
the next year.
“We couldn’t be more
pleased with the rapid progress of our expansion strategy. Ashland Holdings has
demonstrated its dedication and capability to establish and successfully
execute a progressive plan of action,” said Great Plains’ President Denis
Espinoza. “We look forward to keeping this pace as we move into the second
phase in upcoming months.”
For more
information, visit www.GTPH.com
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