Vestar passes 30MM sq. ft. mark with California purchase

Press enter to search
Close search
Open Menu

Vestar passes 30MM sq. ft. mark with California purchase

By Al Urbanski - 08/13/2018
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.

Connect with me on LinkedIn | Follow me on Twitter

RELATED TOPICS