Last Updated: January 6, 2012 04:19pm ET
EXCLUSIVE

Vestar Scores 1.3M-SF Retail Management Assignment

By Natalie Dolce
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McGinley

BUENA PARK, CA-GlobeSt.com exclusively learns that New York City-based Coventry Real Estate Partners has hired Vestar to handle the property management of Buena Park Downtown. Buena Park Downtown is a 1.3-million-square-foot retail complex located in at La Palma Ave. and Stanton Ave. here in Buena Park, CA. 

Buena Park Downtown consists of Buena Park Mall, 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 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. The firm plans to revitalize the current marketing campaign at Buena Park Downtown to coincide with the evolving retail mix. 

The firm plans to 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, says the firm.

“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,” explains Pat McGinley, 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 minutes from I-5 and SR 91 Freeways, Buena Park Downtown is within 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. 

Categories: West, Retail, Leasing, Orange County

Natalie Dolce Natalie Dolce, editor of the West Coast region for GlobeSt.com and Real Estate Forum, is responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, Natalie was Northeast bureau chief, covering New York City for GlobeSt.com. Dolce’s background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats Arthur Frommer’s Budget Travel magazine, FashionLedge.com, Co-Ed magazine, and has also freelanced for a number of publications including MSNBC.com and Museums New York magazine. Contact Natalie Dolce.

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