Vestar Selected to Manage Courtyard at Carmel Mountain Ranch in San Diego, CA
Vestar, one of the leading privately held real estate companies in the western United States, has been retained by Clarion Partners as the property management firm for Courtyard at Carmel Mountain Ranch, a 128,000 square foot community retail center located in San Diego, Calif.. Vestar’s San Diego management portfolio also includes Clairemont Town Square, Rancho San Diego Towne Center and Penasquitos Village.
Vestar’s team brings a wealth of experience, leadership, and resources to Courtyard at Carmel Mountain Ranch. Geared toward management of quality institutional assets, Vestar operates over 26 million square feet of premium retail space throughout the west coast. Over the past 12 months Vestar has added nearly three million square feet to their prominent management portfolio of quality institutional-owned assets.
“An experienced property manager with a comprehensive multi-faceted plan is crucial to the success of a center,” said Patrick McGinley, SCSM, President of Management Services for Vestar. “We are excited to deliver superior results to our client, the city of San Diego and the local community of Carmel Mountain Ranch.”
“Expanding our presence in San Diego with an institutional client and this fine asset is an exciting opportunity. We’re proud of the proven performance and superior reputation that our local team has built in Southern California,” added Bryce Egbert, Director of Business Development.
Courtyard at Carmel Mountain Ranch is conveniently located directly off I-15 at 11134 Rancho Carmel Drive in San Diego, CA. Major tenants include Best Buy, T.J. Maxx, Staples, Petco, and The Vitamin Shoppe.