Vestar taps new VP of leasing
A growing shopping center owner, operator and developer has added new talent to its leadership team.
Phoenix-based Vestar has appointed Patrick Brady to the role of VP of leasing. In the position, Brady will oversee the leasing strategy for approximately 4 million square feet across Vestar’s portfolio, including properties in Arizona, California, Nevada and Washington.
[READ MORE: H Mart plans largest California store yet]
Prior to joining Vestar, Brady spent nearly seven years at Raider Hill Advisors, where he focused on the sale, leasing and redevelopment of vacant big-box retail buildings as the VP of leasing. He specialized in retail leasing and transactions for neighborhood and community centers, lifestyle centers, power centers, enclosed regional malls and big-box retail properties throughout the Midwest and the Western United States. During Brady's tenure, he also directed leasing efforts for a portfolio of power centers across California and Texas.
Earlier in his career, Brady spent a significant portion of time in the public REIT sector, including with SITE Centers Corp. (formerly DDR Corp.), where he led leasing for the company’s western portfolio comprising approximately 11 million square feet of community and power centers.
“As Vestar continues to expand its portfolio, Brady’s leasing expertise and insight will be instrumental to our growth,” said Miles Sanchez, chief operating officer of Vestar. “As we continue to enhance and evolve our tenant roster, we are confident that Patrick’s strategic mindset, market knowledge and established relationships will drive notable results for the company.”
Vestar’s portfolio exceeds 30 million square feet across the western U.S. The company has an additional 3 million square feet under active development. This month, Vestar announced the completion and full-occupancy of Vineyard Towne Center, an open-air retail destination in Queen Creek, Ariz. The $100 million, 260,000-sq.-ft. development broke ground in 2021.
