Acquisitions NEWS
Vestar Acquires Lakeview Village at Morrison Ranch in Gilbert, Arizona for $17.96 Million
Vestar, one of the leading privately held real estate companies in the western United States, announced today that it has acquired Lakeview Village at Morrison Ranch, a 93,741-square foot grocery-anchored neighborhood center in the Phoenix, Arizona suburb of Gilbert for $17.96 million.
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Vestar Acquires Retail Center in Granite Bay, CA for $28.1 Million
Vestar, one of the largest privately held retail real estate companies in the western United States, announced today that it has acquired Sierra Oaks Plaza, a neighborhood shopping center located in Granite Bay, California for $28.1 million.
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Vestar Adds 350,000 Square Feet to Management Portfolio in Arizona
Vestar, one of the leading privately held real estate companies in the western United States, has been retained by a family owned company as the property management firm for Superstition Springs Center, a 186,766-square-foot community retail center located in Mesa, Ariz. and Ancala Village, a 173,185-square-foot community retail center located in Scottsdale, Ariz. Vestar now manages more than 26 million square feet.
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Vestar Acquires Retail Center in Seattle Area for $31.4 Million
Vestar, one of the largest privately held retail real estate companies in the western United States, announced today that it has acquired James Center, a retail center in Tacoma, WA, for $31.4 million.
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Vestar and Oaktree Acquire The Gateway Retail and Entertainment Center in Salt Lake City
Vestar, in a joint venture with funds managed by Oaktree Capital Management, L.P. (“Oaktree”), announced today that it has acquired a 623,205 square foot open-air retail and entertainment center within The Gateway in the heart of downtown Salt Lake City.
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Vestar and AEW Form Joint Venture to Acquire Tempe Marketplace
Vestar, one of the largest privately held retail real estate companies in the western United States, and AEW Capital Management (AEW) have partnered to acquire Tempe Marketplace for $367 million. Vestar previously owned the 1.3 million-square-foot, open-air retail center with Rockwood Capital, LLC (“Rockwood”) which is exiting its investment after a five year hold. AEW acquired the property on behalf of the AEW Core Property Trust.
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