Vestar names one of its own as COO

The largest privately held shopping center developer, owner and manager in the western United States has promoted its executive VP of operations.

Miles Sanchez takes the reigns of COO of Vestar, where he will be responsible for the continuous measurement and effectiveness of all internal and external processes to ensure adequate systems, policies, and procedures are in place to achieve the company’s goals.

“[Miles’] experience and knowledge transcend every department and he has proven to be an effective leader,” said David Larcher, president & CEO of Vestar. “We are confident that in his new role, he will continue to provide guidance and support to our associates, partners, and clients.”

Prior to joining Vestar, Sanchez was senior VP at Weingarten Realty Investors, where he was responsible for leading and growing the company’s western region to over 80 shopping centers and mixed-use projects throughout the western United States.

“Vestar has an amazing track record in the retail industry and David has laid out a very clear vision for the company’s future,” stated Sanchez. “I am excited to be an integral part of the team as we focus on our growth, developing exciting new projects and expanding our operating portfolio.”

Vestar's current portfolio totals 30 million sq. ft. throughout the western United States. It crossed the 30 million-sq.-ft. threshold for GLA in 2018 with its $55 million acquisition of East Washington Place in Petaluma, Calif. It currently has four new projects in development in the greater Phoenix market.

[Read more: Vestar plans a modern makeover for Tivoli Village in Vegas]