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March 29, 2024
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RETAIL NEWS
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Vestar Buys 94k sf AZ Retail Center

8/08/16

Vestar recently purchased Lakeview Village at Morrison Ranch, a 93.7k sf grocery-anchored neighborhood center in the Phoenix suburb of Gilbert, for $17.96 mil ($192/sf). Vestar plans to develop the available pads at the center to add new restaurant and retail tenants that will appeal to the community.

Situated on 16 acres at the southeast corner of Higley Rd and Elliot Rd, Lakeview Village at Morrison Ranch is leased to several national and regional retailers including Bashas', Bank of America, Panda Express, Great Clips, UPS Store, H&R Block, Edward Jones and Subway. The property also includes multiple undeveloped pad sites.





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