NEWS

Valley shopping centers performed better in 2021 than 2019 – and things look good for 2022

Shoppers might have switched from going to the store to shopping online during the beginning of the Covid-19 pandemic, but people returned to Valley shopping centers in droves in 2021, surpassing not only 2020’s traffic numbers, but also 2019’s.

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3 new outdoor shopping malls are coming to metro Phoenix

Arizona has added nearly 1 million people over the past decade or so, yet hardly any sizable shopping centers were built over that span.

But that’s about to change in a notable way next year when mall operator Vestar breaks ground on three new open-air shopping centers — two in Queen Creek and one in Peoria, all on undeveloped land. The projects are slated to open late next year or in early 2023.

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Vestar Wins 7 Maxi Awards

Vestar is pleased to announce it has been awarded 7 Maxi’s – 5 Gold and 2 Silver – by the International Council of Shopping Centers in recognition of marketing excellence in the shopping center industry.

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Vestar Selected to Manage the Shops of Legacy North in Plano, Texas

Vestar has been retained by CTO Realty Growth, Inc. as the asset management company for The Shops at Legacy North.

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Vestar Expands and Relocates Corporate Headquarters in Phoenix, AZ

Vestar announced today that it has signed a lease for 12,000 square feet of space for a new office space on the ground floor at the Esplanade III located at 2415 E. Camelback Road in Phoenix, Arizona.

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Vestar Signs Recursion to Lease an Additional 100,000 SF of Space at the Gateway in Downtown Salt Lake City

Vestar announced today that Recursion (NASDAQ: RXRX) has doubled the size of its headquarters at The Gateway in downtown Salt Lake City, signing a new lease for an additional 100,000 square feet.

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