PHOENIX, AZ, Jan. 17, 2012 – Vestar, one of the leading privately held real estate companies in the Western United States, has been retained by New York-based Coventry Real Estate Partners to handle the property management of Christown Spectrum Mall (top left photo), a 1,145,000-square-foot retail property located at W Bethany Home Road and N. 19th Avenue in Phoenix, Arizona.
Vestar brings a wealth of experience and talent to Christown Spectrum Mall. The company, among its many impressive properties, was the developer of and is the manager of Tempe Marketplace and Desert Ridge Marketplace. As part of the marketing program, Vestar will be planning and overseeing monthly events geared toward enhancing the experience of the consumer at the property.
“In today’s challenging retail market, owners understand that an experienced property manager is necessary for the success of a center,” said Pat McGinley (middle right photo), Vice President of Property Management at Vestar. “Vestar has the proven track record in leasing, management and marketing in order to provide superior results.”
Christown Spectrum Mall, Phoenix’s first air conditioned enclosed mall, recently celebrated its 50th anniversary in October. The center is currently 92 percent leased to several national tenants including Walmart, Target, Costco, J. C. Penney, Ross Dress for Less and PetSmart.
Situated on 86 acres and located at the most northern point on the metro light rail system, Christown Spectrum Mall completed an impressive redevelopment in December 2009. This redevelopment transitioned Christown Spectrum into a retail hybrid, bridging the Indoor Mall and Power Center concepts into an extremely successful super-regional retail property.
For more information, please visit http://www.vestar.com/.
Contact:
David Ebeling
Ebeling Communications
(949) 278-7851
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