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6/12/25
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Nuveen Real Estate has awarded Vestar with the assignment to provide property management, strategic leasing oversight, marketing and construction management services for its newly acquired retail portfolio in Southern California. The grocery-anchored portfolio consists of over 600k sf of high-performing shopping centers with occupancy rates exceeding 98%.
River Oaks Shopping Center, Santa Clarita (Photo: CoStar) |
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The portfolio includes:
• Campus Marketplace, San Marcos - Located in one of San Diego County’s most established trade areas, this community center is anchored by Ralphs and CVS and serves a dense residential base including California State University San Marcos.
• The Pavilion at La Quinta, La Quinta - A key retail destination in the Coachella Valley, anchored by Sprouts Farmers Market and Best Buy.
• River Oaks Shopping Center, Santa Clarita – A regional shopping center drawing consistent foot traffic, with anchors including Target, Sprouts, Total Wine and More and ULTA.
• Bear Creek Village, Wildomar - This local shopping center is strategically positioned near I-15 and anchored by Stater Bros., serving the rapidly growing Southwest Riverside County submarket.
• Old Grove Marketplace, Oceanside - A well-established community center in Oceanside, anchored by Ralphs and Lowe’s.
The addition of these five properties brings Vestar’s Southern California footprint to more than 8.5 msf, including The District at Tustin Legacy (Tustin, CA), Long Beach Towne Center (Long Beach, CA), Peninsula Center (Rolling Hills Estates, CA), and Rancho San Diego Towne Center (San Diego, CA).
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