SEATTLE, WASH., AUGUST 12, 2017 – Vestar, one of the leading privately held real estate companies in the western United States, has been retained by an institutional client as the asset management company for The Landing, a 607,000-square-foot power center in Renton, Washington. In addition to The Landing, Vestar currently owns and manages one additional property in the Pacific Northwest, the 140,240-square-foot James Center in Tacoma, Washington.
Vestar’s team brings a wealth of experience, leadership, and resources to The Landing. Geared toward management of quality institutional assets, Vestar operates over 27 million square feet of premium retail space throughout the western United States.
“We are pleased to be awarded the management assignment for The Landing,” said Patrick McGinley, SCSM, President of Management Services. “Vestar will add significant value to the property through our strategic leasing , management and marketing services. Seattle is an important market for us and we are excited to continue our growth in the Pacific Northwest.”
Nestled in a neighborhood village setting, The Landing offers a mix of retail, dining, services and entertainment experiences. Ideally located near the I-405 and several neighborhood highways, visitors are treated to unique boutiques, national retailers and multiple restaurant options all while being pampered by premier health and beauty services. The center is anchored by Target, Dicks Sporting Goods, Regal Cinemas, Ross, Marshall’s and LA Fitness.
One of the leading privately held real estate companies in the western United States, Vestar specializes in the acquisition, management and development of commercial real estate, including entertainment-retail complexes, power and lifestyle centers, and neighborhood centers of varying size and scale that serve as community shopping destinations with a unique sense of place. For more information, please visit www.vestar.com.