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The sale by Brandywine will allow it to continue bolstering its balance sheet.
The building occupancy is currently 60 percent.
The demand Vestar is seeing comes after the pandemic exposed struggling retailers.
It's time to adapt to an opportunity in one of the world's largest economies.
Developers are looking for capital.
The biggest deal came from The Wilder Companies, which purchased Shoppes at Palmer Ranch for $20.4 million.
The plan is for the duo to supply builders with completed mixed-use pads and residential lots.
The company is continuing to stay active on the acquisition front.
The development will feature over 400 apartments.
The assets take up 131,000 square feet in total.