Vestar Selected to Manage Plaza Paseo Real in Carlsbad, Calif.

Vestar, one of the leading privately held real estate companies in the western United States, has been retained as the property management firm for Plaza Paseo Real, a 147,848-square-foot grocery anchored neighborhood shopping center in Carlsbad. Vestar is currently managing more than two million square feet of retail space in the San Diego area including Clairemont Town Center, Marketplace at Windingwalk, Penasquitos Village and Rancho San Diego Towne Center.

Vestar’s team brings a wealth of experience, leadership, and resources to Plaza Paseo Real. Geared toward management of quality institutional assets, Vestar operates over 26 million square feet of premium retail space throughout the west coast.

“Plaza Paseo Real is the premier neighborhood center in Carlsbad and North San Diego County,” said Patrick McGinley, SCSM, President of Management Services. “We are confident that we have the strategy to create an experience, driving consumer interest and satisfying the needs of retailers at Plaza Paseo Real.”

As the dominant grocery-anchored center in Carlsbad, Plaza Paseo Real is conveniently located just minutes from Interstate 5. The center is anchored by Von’s Pavilion and Cinépolis Luxury Cinemas and features several local, regional and national retailers and restaurants including Wells Fargo, Verizon, Supercuts, GNC, Pharmaca Integrated Pharmacy, Laseraway and Tin Leaf Fresh Kitchen.