Vestar Adds 1.1 Million Square Feet to Management Portfolio in Southern California
Vestar, one of the leading privately held real estate companies in the western United States, has been retained by a large institutional owner as the property management firm for Clairemont Town Square, a 550,000 square foot community lifestyle center located in San Diego, Calif. and Anaheim Hills Festival, a 567,000 square foot community and entertainment center located in Anaheim, Calif..
Vestar’s team brings a wealth of experience, leadership, and resources to Clairemont Town Square and Anaheim Hills Festival. Geared toward management of quality institutional assets, Vestar operates over 26 million square feet of premium retail space throughout the west coast. Over the past 12 months Vestar has added nearly three million square feet to their prominent management portfolio of quality institutional-owned assets.
“Institutional clients understand the importance of retaining an experienced and established property management firm to secure their investment and maximize return strategies” said Patrick McGinley, SCSM, President of Management Services. “We are excited to deliver superior results to our client and the communities of San Diego and Anaheim.”
McGinley went on to say “Our goal is to create a sense of community by incorporating gathering places and events that embrace a family atmosphere.”
Clairemont Town Square is conveniently located at Clairemont Mesa Boulevard and Clairemont Drive in San Diego. The center is anchored by Vons, CVS, Ross Dress For Less, T.J. Maxx, Michaels, Petco, and Ulta.
Anaheim Hills Festival is conveniently located at Weir Canyon Road and Santa Ana Canyon Road in Anaheim, CA. Major tenants include Target, Pavilions, Edwards Theatres, T.J. Maxx, Hobby Lobby, Stein Mart, and Pier 1 Imports.