Vestar, a leading privately held shopping center owner and operator in the United States, achieved significant growth in 2024, with more than two million square feet of retail space under development and the addition of several new management assignments.

Since 1989 Vestar has been operating, acquiring, developing institutional quality real estate throughout the western United States.

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Rick Hearn is Vice President of Leasing at Vestar, leading the company’s leasing efforts across Arizona, California, and the southwestern U.S. He joined Vestar in 1994 and has managed the leasing of over 15 million square feet of retail projects in these regions.

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Jul 8, 2021 · Vestar, the largest privately held shopping center owner and manager in the western United States, announced today that it has signed a lease for 12,000 square feet of space for a new office space on the ground floor at the Esplanade III located at 2415 E. Camelback Road in Phoenix, Arizona.

With more than 30 million square feet under management in the western U.S., Vestar is acknowledged by both institutional and private-client investors as an industry leader. Clients include UBS, AEW, Heitman, MetLife, Clarion, and Barings.

May 2, 2022 · Closest Costco is eight miles away in Gilbert Carson Brown, manager of The Legacy Group that sold the 13 acres to Costco, is working with Vestar in a joint venture on Queen Creek Crossing. “Vestar is a first-class developer and we’re excited to see this project be brought online,” Brown said.

Sep 17, 2014 · Vestar, the largest privately held retail developer in the western US, is celebrating 25 years of creating and managing leading shopping and entertainment destinations. Today Vestar owns and operates over 23 million square feet of …

Vestar believes in a strong commitment to serving our communities and has been actively giving back for many years. While this is a company-wide philosophy, our dedication starts at the top with our leaders.