February 21, 2025 — A familiar name in coffee is brewing up new opportunities for the Crossroads Shopping Center in Clovis. Located at Bullard and Minnewawa avenues, the long-standing retail hub is undergoing a much-needed revitalization under its new owners, Vadim Agamirzoyan and Artem Grigoryan.
The duo, who purchased the 50-year-old center in 2023, specialize in turning underperforming properties into thriving commercial spaces. According to Tyler Shegerian, co-founder of PACT Capital, the shopping center has seen little activity over the past 10 to 15 years. That’s about to change.
A new Starbucks is under construction and is expected to be completed by May, serving as the centerpiece of the redevelopment efforts. The coffee giant’s commitment to the location has sparked interest from additional national brands, with leasing efforts already underway.
In addition to the Starbucks, 3,700 square feet of space is available for future tenants. James Bitter, a broker associate at Fortune Associates, is working to secure new businesses to fill the vacancies.
Agamirzoyan, based in San Diego, and Grigoryan, from Phoenix, have spent over 25 years investing in real estate, owning and managing more than six shopping centers across the country. Their approach focuses on acquiring properties with solid tenant potential and room for expansion. Similar projects they’ve spearheaded in Missouri, Arizona, Florida, and Southern California have turned overlooked spaces into bustling commercial hubs.
Initially, the Crossroads Shopping Center wasn’t generating much market interest. But the developers knew that bringing in a major brand like Starbucks could change the game.
One major selling point was the location. Situated between Old Town Clovis and Fresno State, with easy access to Highway 168, the shopping center offers a prime stop for commuters and locals alike.
With Bullard as a main point of access off of the freeway to downtown Clovis, Bitter pointed out that there is a lot of potential in being so close to Old Town but not being located in Old Town.
With Starbucks setting up shop, familiarity could be just what Crossroads needs to reestablish itself as a go-to destination for Clovis residents.