Retailer NEWS
Vestar’s Formula for Success: Creating Community-Centered Hubs at The Orchard Town Center and Bowles Crossing
A new wave of businesses is set to open at both properties in the coming year as Vestar continues to thrive by prioritizing community needs and offering a diverse, dynamic mix of tenants.
READ MOREProperty Owners Look at Deals on Self-Driving Cabs
Vestar has announced a new partnership with driverless auto company Waymo — part of Google parent Alphabet. Vestar retail property Tempe Marketplace is offering “exclusive ride-share discounts” to all visitors with Arizona State University students getting a particular pith.
READ MOREAncillary Income Is Making Moves: From Phantom Income to NOI
From live concerts to rooftop solar, shopping center owners are tapping into new sources of revenue that can boost net operating income and property values.
READ MORENew Tenants Sign Leases Totaling 150,000 Square Feet at Tempe Marketplace in Arizona
Four new tenants have signed leases totaling 150,000 square feet at Tempe Marketplace, a 1.3 million-square-foot retail development located in Tempe.
READ MORERetail remains red-hot in the post-pandemic recovery
Verrado Marketplace in Buckeye is a $275 million, 500,000-square-foot project that will be anchored by Target, Harkins BackLot, Safeway, Marshalls, Ross and HomeGoods.
READ MOREWhat Retail Apocalypse? Shopping Centers Are Making a Comeback.
Vacancy is the lowest it has been in two decades, at 5.4 percent, according to a recent report. The properties are thriving even as retailers like Macy’s and Express shutter many stores.
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