Print Magazine sign up here
We want your news! Submit Here

to buy Antabuse drugs online are easy to follow

Last Updated ( Thursday, 09 January 2014 15:03 )
DATE_FORMAT_LC2=Thursday,January 09 2014 12:00:00 am EST   
Vestar Joint Venture Acquires Orchard Town Center for $123.5 Million

OrchardTownNLDenver — A joint venture between full-service real estate company Vestar and a fund advised by UBS Global Asset Management has acquired the Orchard Town Center retail development in the Denver suburb of Westminster for $123.5 million. The 914,000-square-foot, open-air property is anchored by national brands such as Super Target, JC Penney, Macy's, AMC Theatres and REI.

The acquisition marks Vestar's entry into the Denver market. In the past 30 months, the company has purchased more than $1 billion in retail centers nationwide.

"We are very bullish about these types of value-add opportunities and are aggressively seeking more properties like it in Denver and throughout the West," says Ryan Desmond, director of acquisitions and development at Vestar.

Forest City Enterprises Inc. was the seller in the all-cash transaction. The center, which was 89 percent leased at the time of the sale, is located on the northwest corner of Interstate 25 and 144th Avenue.

Besides the aforementioned stores, tenants such as Forever 21, Chico's, Victoria's Secret, Eddie Bauer and Old Navy also occupy space at the property. Designed to replicate the atmosphere of a town square, the development features tree-lined paths bordered by restaurant, entertainment and specialty venues.

"Orchard Town Center provides us with a value-add investment opportunity in a premier region of the West," says David Larcher, executive vice president of Vestar. "Our goal is to significantly upgrade and rebrand the center with new amenities while bringing in new retailers."

Founded in 1977, Phoenix-based Vestar acquires, manages and develops power, lifestyle and neighborhood centers, as well as entertainment/retail complexes.

Mike Winn and Tim Richey of Cushman & Wakefield represented Forest City Enterprises in the sale, while Vestar represented itself. 

— John McCurdy


Your are currently browsing this site with Internet Explorer 6 (IE6).

Your current web browser must be updated to version 7 of Internet Explorer (IE7) to take advantage of all of template's capabilities.

Why should I upgrade to Internet Explorer 7? Microsoft has redesigned Internet Explorer from the ground up, with better security, new capabilities, and a whole new interface. Many changes resulted from the feedback of millions of users who tested prerelease versions of the new browser. The most compelling reason to upgrade is the improved security. The Internet of today is not the Internet of five years ago. There are dangers that simply didn't exist back in 2001, when Internet Explorer 6 was released to the world. Internet Explorer 7 makes surfing the web fundamentally safer by offering greater protection against viruses, spyware, and other online risks.

Get free downloads for Internet Explorer 7, including recommended updates as they become available. To download Internet Explorer 7 in the language of your choice, please visit the Internet Explorer 7 worldwide page.