Vestar Archives

Forever 21’s F21 red will open first Arizona store

architectural photography

Vestar announced the signing of Forever 21’s newest concept store F21 red at Tempe Marketplace, located at the southwest corner of the highly traveled Loops 101 & 202 in Tempe, Arizona. This will be the first in Arizona to open. F21 red will open fall of 2015 in 13,000 square feet. The fast fashion retailer… Read More →

Vestar to develop at Crossroads Towne Center

Colliers International in Greater Phoenix recently negotiated two separate long-term leases for a restaurant and dental office at a multi-tenant retail building soon to be under construction at Crossroads Towne Center in Gilbert. Local shopping center owner, developer and manager, Vestar Development Company of Phoenix, is developing a 7,800-square-foot building at 3787 S. Gilbert Road.… Read More →

IREM, CCIM announce 9th annual CRE Economic Forecast

Economic Forecast

IREM and CCIM will present the 9th annual commercial real estate Economic Forecast at the Tempe Center of the Performing Arts on Thursday, Jan. 15, 2015. IREM and CCIM will begin the program by honoring Jerry Colangelo, who will be recognized as the Person of the Year by the organizations. The panel discussion will be… Read More →

H&M coming to Tempe Marketplace next fall

by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Vestar announced Monday the signing of H&M at Tempe Marketplace, located at the southwest corner of Loops 101 & 202 in Tempe, Ariz. H&M will open in fall 2015 in 20,000 square feet. Established in Sweden in 1947, H&M is one of the world’s largest fashion retailers. They feature a wide range of fashion for… Read More →

Craig Esslinger named president of De Rito Partners

De Rito Partners, Inc. Arizona's Retail Experts

De Rito Partners announced that Craig Esslinger has joined the company as President of De Rito Partners, Inc. on Monday. Esslinger replaces Stan Sanchez who will remain with De Rito Partners, Inc. as senior broker. Among his accomplishments to date, Esslinger has developed more than 4 million square feet of commercial real estate. He led the operations,… Read More →

Vestar celebrates 25th anniversary


Vestar, the largest privately held retail developer in the western US, is celebrating 25 years of creating and managing shopping and entertainment destinations. Today, Vestar owns and operates more than 23MSF of retail property located across several western states. The company’s most noteworthy projects include Desert Ridge Marketplace, the award winning 1.2 million square foot… Read More →

Arizona Super Bowl Host Committee Announces Board


The Arizona Super Bowl Host Committee announces its Board of Directors for Super Bowl XLIX. The board of directors is comprised of business leaders that volunteer their time to drive the state’s efforts for Super Bowl XLIX. The Host Committee is a private, non-profit Arizona corporation. The mandate of the Host Committee is to galvanize… Read More →

It takes two

The "Class of 2014" advocates visit DMB Associates' masterplanned community Eastmark.

Valley principals host young professionals in inaugural advocates program A look around the room at a Valley Partnership Friday Morning Breakfast (FMB) reveals a who’s who of Arizona’s commercial real estate industry. You’ll see seasoned professionals sitting next to up-and-comers, and though these are an effective networking tool, Valley Partnership took the concept to the… Read More →

Clint Marchuk joins Vestar

Clint Marchuk
by in AZRE Magazine | Brokerage | Newsmakers

Vestar, a leading privately held real estate company in the western United States that acquires and manages retail and entertainment destinations that serve as community focal points, is proud to announce a new addition to its executive team. Clint Marchuk, Vice President of Acquisitions, is responsible for the identification, evaluation and consummation of shopping center… Read More →

Pita Pit to Open in Gilbert Gateway Towne Center

Pita Pit
by in Brokerage | Business News | Retail

SRS Real Estate Partners announced Tuesday it has secured another location for Pita Pit at Vestar’s Gilbert Gateway Towne Center located at the SWC of the San Tan Freeway and Power Road in Gilbert. This Target-anchored center includes Michael’s, Ross, Petsmart and Sweet Tomatoes. The 1,500 SF Pita Pit is scheduled to open 1Q 2014.… Read More →

Vestar Announces 240,000 SF of New Restaurants, Retailers

Portillos at Tempe Marketplace

Vestar, a leading privately held real estate company in the western United States that acquires and manages retail and entertainment destinations that serve as community focal points, announces a vast amount of new retailers at many of its centers. Noteworthy achievements for Vestar include the signing of new tenants totaling more than 240,000 square feet… Read More →

Bryce Egbert Joins Vestar

Bryce Egbert
by in Newsmakers

Vestar, a privately held real estate company in the western United States that acquires and manages retail and entertainment destinations, announced a new addition to its property management team. Bryce S. Egbert, Director of Business Development, will be responsible for formalizing and growing the third-party property management services business within Vestar, including leasing, marketing and… Read More →

Vestar Installs Electric Vehicle Charging Stations At Tempe Marketplace


  Vestar recently placed eight electric charging stations at its entertainment and retail lifestyle center Tempe Marketplace. Through a partnership with ECOtality, eight Blink charging systems including handicapped accessible units, have been placed on both the north and south side of the center. These installations are part of Vestar’s already well-established GreenStar initiative, the Southwest’s… Read More →

Vestar Secures $63.5M Loan For Refinancing of Queen Creek Marketplace


  Vestar secured a 7-year permanent loan totaling $63.5M for the refinancing of Queen Creek Marketplace, a 686,000 SF power center at the SWC of Ellsworth Loop Rd. and Rittenhouse Rd. in Queen Creek. The loan was provided by Bank of America in Phoenix. Developed in 2008, Queen Creek Marketplace is the main shopping destination… Read More →