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Vestar Promotes, Looks to Acquire $750M in Retail

LOS ANGELES-The firm promotes Jeff Axtell to VP of acquisitions and development and says the firm is looking at acquiring value-added open air shopping centers on the West Coast over the next couple years.

By Natalie Dolce | Updated on December 04, 2012

LOS ANGELES-GlobeSt.com has exclusively learned that Vestar has promoted locally based Jeff Axtell to the position of VP of acquisitions and development. Axtell will be responsible for overseeing the firm’s investment and development strategies in California, Nevada, Oregon and Washington which includes acquisitions, repositioning of assets and dispositions. 

In addition, GlobeSt.com has learned that over the next two years, Vestar plans to acquire approximately $750 million in value-added retail properties on the West Coast through its commingled fund, Vestar Strategic Retail Partners. Additionally, the firm will look to acquire and develop urban infill land sites in select markets.

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