NEWS

Rockwood Capital and Vestar sell Talega Village Center in San Clemente, Calif. for $23 Million

Rockwood Capital and Vestar announced today that they sold Talega Village Center, a 102,282 square foot grocery-anchored center located in an upscale subdivision of San Clemente to Equity One for $23 million. Rockwood Capital originally developed the project, and Equity One and Vestar bought an interest in the center in December 2010.

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Vestar Secures $45 Million Loan for Village at Orange in Orange, California

Vestar announced today that it had secured acquisition financing for Village at Orange, an 855,728-square-foot regional mall located in the heart of Orange County on 60+ acres in Orange, Calif. The total loan consideration from Bank of America is $45,430,000 with the interest on the loan set at a variable rate above Libor. Vestar acquired the asset for cash in September of 2013.

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Vestar Acquires Orchard Town Center in Denver for $123.5 Million

Vestar announced today that it has acquired Orchard Town Center, a 914,000-square-foot open-air regional retail center located in Westminster, Colorado for $123.5 million in an all cash transaction. This marks Vestar’s first acquisition in the Denver market.

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Vestar Awarded Management of 865,783-Square-Foot Pacific Commons Power Center in Fremont, California

Vestar announced today that it has been retained by a large institutional Owner to handle the property management, leasing and marketing of Pacific Commons, an 865,783-square-foot power center situated on 80 acres in Fremont, Calif.

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