The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 28, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



TEXAS/SOUTHWEST NEWS
Printer-friendly Version   Email an Associate
Vestar Buys 165k sf AZ Retail Center

6/20/19

Vestar purchased University Plaza, a 165.6k sf shopping center located in the heart of Flagstaff, AZ. The property traded for $27.5 mil, or $166/sf.

University Plaza is ideally located across the street from Northern Arizona University, with a student population of 23,000, and minutes from Downtown Flagstaff. The center is currently 98% leased and is anchored by Safeway, Ross, Bed Bath & Beyond, and PetSmart.

"Vestar is focused on acquiring high quality retail assets and University Plaza falls perfectly within our strategy,” said Clint Marchuk, Vestar’s Vice President of Acquisitions. "It is a dominant retail center, in an ideal location with a strong tenant base.”

Ryan Schubert and Michael Hackett of Cushman & Wakefield represented the seller in the transaction.





Return to the Archive page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media