Vestar passes 30MM sq. ft. mark with California purchase
Vestar, a privately held real estate company with a sizeable shopping center portfolio in the West, has just made it larger.
With its $55 million acquisition of East Washington Place in Petaluma, California, Vestar has crossed the 30 million-sq.-ft. threshold for GLA.
“The East Washington Place acquisition is an important asset for us. There’s already a strong tenant lineup and a great community around it,” said the company’s VP of acquisitions, Clint Marchuk.
The 340,000-sq.-ft. center houses Target, TJ Maxx/HomeGoods, Sprouts, Ulta Beauty, Dick’s Sporting Goods, and PetSmart.
In a press release, Vestar stated that by expanding its Bay Area presence and introducing a new strategy to East Washington Place, it is poised to refine the retail market in Northern California.
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With its $55 million acquisition of East Washington Place in Petaluma, California, Vestar has crossed the 30 million-sq.-ft. threshold for GLA.
“The East Washington Place acquisition is an important asset for us. There’s already a strong tenant lineup and a great community around it,” said the company’s VP of acquisitions, Clint Marchuk.
The 340,000-sq.-ft. center houses Target, TJ Maxx/HomeGoods, Sprouts, Ulta Beauty, Dick’s Sporting Goods, and PetSmart.
In a press release, Vestar stated that by expanding its Bay Area presence and introducing a new strategy to East Washington Place, it is poised to refine the retail market in Northern California.
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