Vestar Awarded Management of 357,731-Square-Foot Village on The Parkway In Dallas, Texas
Vestar, a leading privately held real estate company, announced today that it has been retained by a large institutional owner to handle the property management, leasing and marketing of Village on the Parkway, a 357,731-square-foot center situated on 31 acres in Dallas, Texas.
Vestar brings a wealth of experience and talent to Village on the Parkway as the company currently manages more than 23 million square feet in Texas, California, Arizona, Colorado and Nevada. The company intends to refresh the property’s merchandising strategy while enhancing the shopping experience through marketing programs and community-oriented events.
“In the ever-changing retail industry, institutional owners understand that an experienced multi-service provider is necessary for the success of a center,” said R. Patrick McGinley, SCSM, President – Management Services at Vestar. “Vestar has a proven track record in leasing, management and marketing, and we are excited to deliver superior results to our client and the community.”
As the anchor of the north Dallas entertainment district, Village on the Parkway is currently 91 percent leased to several major tenants including Whole Foods Market, AMC Theatres, Neighborhood Services, Ra Sushi, Gloria’s Latin Cuisine, Yard House, AT&T, Beauty Brands, and 24 Hour Fitness.
Village on the Parkway is located along the Dallas North Tollway at Belt Line Road and Montfort Drive in the vibrant Far North Dallas area. The center serves residents and businesses in the heart of one of North Texas’ dynamic environments with a daytime population of over 500,000.