Vestar Completes Lease with H&M at The Orchard Town Center in Denver
Vestar announced today that it has completed a lease with H&M for 20,000 square feet of space at The Orchard Town Center, a 914,000-square-foot open-air regional retail center located in Westminster, Colorado. The new store is expected to open in the fall of this year.
The addition of H&M comes less than two months after Vestar acquired the property for $123.5 million in an all cash transaction. Vestar is embarking on plans to significantly redevelop the project, rebranding the center with new amenities while bringing in new retailers. The firm also plans to enhance the shopping experience through marketing programs and community-oriented events. Vestar’s effort will significantly upgrade tenancy and create a more viable project and a better sense of place for the community.
“Vestar is excited to add H&M, which is the first of several new retailers and restaurants we plan to bring to The Orchard Town Center. More announcements will be coming soon on additions to our current tenant mix,” said David Malin, Vice President of Acquisitions and Development for Vestar. “We are continuously evaluating our tenant mix and amenities in an effort to satisfy the needs of our shoppers.”
Conveniently located on the northwest corner of Interstate 25 and 144th Avenue, The Orchard Town Center offers guests a charming town square atmosphere with tree-lined pathways leading to anchor tenants, specialty shops, restaurants and entertainment venues. The center is anchored by Macy’s, JCPenney, SuperTarget, AMC Theatres, REI and Lifetime Fitness. The Orchard Town Center also features other nationally-recognized tenants including Forever 21, Chico’s, Victoria’s Secret, Eddie
Bauer, Old Navy, ULTA Beauty and Ross Dress for Less.