BUENA PARK, CA, Jan. 6, 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 Buena Park Downtown (top left photo), a 1.13 million-square-foot retail complex located in at La Palma Ave and Stanton Ave in Buena Park, California.
Buena Park Downtown consists of Buena Park Mall (bottom left photo), a 794,605-square-foot enclosed mall; Buena Park Place, a 207,784-square-foot open air community center; and Park Center Entertainment Center, a 132.898-square-foot open air entertainment center.
Vestar brings a wealth of experience and talent to Buena Park Downtown. The company currently serves as the property manager of the one million square foot Long Beach Towne Center and the one million square foot The District at Tustin Legacy.
Vestar plans to revitalize the current marketing campaign at Buena Park Downtown to coincide with the evolving retail mix. They will also implement a new event plan after evaluating the existing program. Each of these is geared toward enhancing the consumer experience as well as embracing the community.
“Conventry’s confidence with our expertise in property management is a testament to the long term success we have proven within Vestar’s portfolio of retail centers,” said Pat McGinley (middle right photo) Vice President of Property Management at Vestar. “We are confident that we can help stabilize this asset and return it to a premier Orange County retail complex.”
Located just minutes from I-5 and SR 91 Freeways, Buena Park Downtown is walking distance to several nearby attractions including Knott’s Berry Farm theme park, Knott’s Soak City water park, Medieval Times Dinner & Tournament and Pirates Dinner Adventure.
For more information, please visit http://www.vestar.com/.
Contact:
David Ebeling
Ebeling Communications
(p) 949.861.8351
(c) 949.278.7851
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