FREMONT, CA-Vestar has been retained by Chicago-based Heitman Real Estate Securities to handle the property management, leasing and marketing of Pacific Commons, an 865,783-square-foot power center situated on 80 acres in Fremont, CA. GlobeSt.com broke the news of the sale to Heitman last week, who purchased the asset from an affiliate of Catellus Development Corp.
With the addition of Pacific Commons, Vestar has hired Jennifer Duarte as general manager for the asset. For the past 20 years, Duarte has excelled as one of the premier retail property managers in California. From 2002 to 2009, she served as general manager for Vestar, overseeing multiple centers in California.
Vestar currently manages more than 22 square feet in California, Arizona, Texas, and Nevada. The company intends to refresh the property's merchandising strategy while enhancing the shopping experience through marketing programs and community-oriented events.
Pacific Commons is currently 98% leased to several national tenants including Kohl's, Lowe's, Costco, Nordstrom Rack, Babies R' Us/Toys R' US, DSW and a new TJ Maxx/HomeGoods. Located at the southwest corner of I-880 and Auto Mall Parkway, the center serves residents from Union City to Milpitas with nearly 200,000 cars passing daily.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her 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 for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
