Vestar Promotes Jeff Axtell to Executive Vice President and Regional Manager

Vestar has promoted Jeff Axtell to the position of Executive Vice President and Regional Manager. Axtell, based in Vestar’s Los Angeles office, will be responsible for overseeing the firm’s West Coast activities in California, Nevada, Oregon and Washington which includes acquisitions, repositioning of assets, development, dispositions and property management.

In the past four years, Vestar has acquired over $1 billion of retail properties, including 2.5 million square feet on the West Coast such as Village at Orange, Riverside Plaza, Peninsula Center and The District at Green Valley Ranch.

“Jeff is a proven leader at Vestar and throughout the retail industry, having successfully overseen the acquisition and development of several significant properties in the past few years,” said David Larcher, President of Vestar. “We are confident in his ability to deliver significant results and achieve the growth we expect from our company.”

Axtell joined Vestar in 1997 as Project Director and has been responsible for the acquisition of approximately $350 million of retail centers and the development of more than five million square feet.