{"id":1004135733,"date":"2016-01-27T09:37:14","date_gmt":"2016-01-27T17:37:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004135733"},"modified":"2022-03-03T00:40:16","modified_gmt":"2022-03-03T08:40:16","slug":"vestar-takes-over-management-of-the-groves-in-tempe","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/vestar-takes-over-management-of-the-groves-in-tempe\/","title":{"rendered":"Vestar Takes Over Management of The Groves in Tempe"},"content":{"rendered":"<p><em>By Alex Girda, Associate Editor<\/em><\/p>\n<p><strong>Tempe, Ariz. <\/strong>\u2013 Following a 12-month interval during which the company has expanded its management portfolio by more than ten percent, <a href=\"https:\/\/www.vestar.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Vestar<\/a> announced that yet another property will be added to its roster. The company secured its most recent management contract from the owner of The Groves, a large community entertainment shopping center in Tempe.<\/p>\n<div id=\"attachment_1004135767\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/The-Groves-Tempe.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004135767\" data-attachment-id=\"1004135767\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/vestar-takes-over-management-of-the-groves-in-tempe\/corporate-and-commercial-photographer-for-worldwide-assignments\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/The-Groves-Tempe.jpg\" data-orig-size=\"725,350\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;2.8&quot;,&quot;credit&quot;:&quot;Mark Skalny\/www.markskalny.com&quot;,&quot;camera&quot;:&quot;FC300X&quot;,&quot;caption&quot;:&quot;Corporate and Commercial Photography  \\nby Mark Skalny 1-888-658-3686  \\nwww.markskalny.com\\n#MSP1207&quot;,&quot;created_timestamp&quot;:&quot;1249532957&quot;,&quot;copyright&quot;:&quot;\\u00a9 2015 Mark Skalny Photography&quot;,&quot;focal_length&quot;:&quot;3.61&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.0041666666666667&quot;,&quot;title&quot;:&quot;Corporate and Commercial Photographer for Worldwide Assignments&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"The Groves\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The Groves (Photo by Mark Skalny) &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/The-Groves-Tempe.jpg?w=725\" class=\"wp-image-1004135767 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/The-Groves-Tempe.jpg\" alt=\"The Groves\" width=\"300\" height=\"145\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/The-Groves-Tempe.jpg 725w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/The-Groves-Tempe.jpg?resize=300,145 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004135767\" class=\"wp-caption-text\">The Groves (Photo by Mark Skalny)<\/p><\/div>\n<p>Located near the I-10 and Elliott Road in the East Valley of the Phoenix metropolitan area, The Groves offers a total of 431,328 square feet of retail space. Anchored by tenants such as Walmart, Mor Furniture, Ross Dress for Less, PetSmart, Staples, Dollar Tree and Beall\u2019s Outlet, the property\u2019s tenant roster also consists of a mix of inline and pad tenants.<\/p>\n<p>With a population of roughly 270,000 within a five-mile radius, and an average household income of approximately $75,000, the retail center also ranks high in terms of traffic.<\/p>\n<p>Vestar added around 2.5 million square feet of space to its property management portfolio in 2015, bringing its holdings to around 24 million square feet.<\/p>\n<p><em>Image courtesy of Vestar.com  <\/em>  <strong> <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company&#8217;s growing management portfolio expanded with the addition of The Groves. <\/p>\n","protected":false},"author":41,"featured_media":1004135767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,1601,21785,21749],"tags":[],"class_list":["post-1004135733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-phoenix","category-property-management","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Vestar Takes Over Management of The Groves in Tempe - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/vestar-takes-over-management-of-the-groves-in-tempe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vestar Takes Over Management of The Groves in Tempe\" \/>\n<meta property=\"og:description\" content=\"The company&#039;s growing management portfolio expanded with the addition of The Groves.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/vestar-takes-over-management-of-the-groves-in-tempe\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-01-27T17:37:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-03T08:40:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/The-Groves-Tempe.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"725\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Girda\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vestar-takes-over-management-of-the-groves-in-tempe\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vestar-takes-over-management-of-the-groves-in-tempe\\\/\"},\"author\":{\"name\":\"Alex Girda\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"headline\":\"Vestar Takes Over Management of The Groves in Tempe\",\"datePublished\":\"2016-01-27T17:37:14+00:00\",\"dateModified\":\"2022-03-03T08:40:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vestar-takes-over-management-of-the-groves-in-tempe\\\/\"},\"wordCount\":196,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vestar-takes-over-management-of-the-groves-in-tempe\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/01\\\/The-Groves-Tempe.jpg\",\"articleSection\":[\"Deals\",\"News\",\"Phoenix\",\"Property Management\",\"Retail\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vestar-takes-over-management-of-the-groves-in-tempe\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vestar-takes-over-management-of-the-groves-in-tempe\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vestar-takes-over-management-of-the-groves-in-tempe\\\/\",\"name\":\"Vestar Takes Over Management of The Groves in Tempe - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vestar-takes-over-management-of-the-groves-in-tempe\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vestar-takes-over-management-of-the-groves-in-tempe\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/01\\\/The-Groves-Tempe.jpg\",\"datePublished\":\"2016-01-27T17:37:14+00:00\",\"dateModified\":\"2022-03-03T08:40:16+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vestar-takes-over-management-of-the-groves-in-tempe\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vestar-takes-over-management-of-the-groves-in-tempe\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vestar-takes-over-management-of-the-groves-in-tempe\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/01\\\/The-Groves-Tempe.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/01\\\/The-Groves-Tempe.jpg\",\"width\":725,\"height\":350,\"caption\":\"The Groves (Photo by Mark Skalny)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vestar-takes-over-management-of-the-groves-in-tempe\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Vestar Takes Over Management of The Groves in Tempe\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\",\"name\":\"Alex Girda\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Alex-Girda.jpg?w=96\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Alex-Girda.jpg?w=96\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Alex-Girda.jpg?w=96\",\"caption\":\"Alex Girda\"},\"description\":\"Alex is a senior editor with Multi-Housing News and Commercial Property Executive who has more than a decade of experience in the industry. Mainly focused on data-driven exploits, he works with Yardi Matrix and CommercialEdge to provide insights into the real estate market.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/alex-girda\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Vestar Takes Over Management of The Groves in Tempe - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/vestar-takes-over-management-of-the-groves-in-tempe\/","og_locale":"en_US","og_type":"article","og_title":"Vestar Takes Over Management of The Groves in Tempe","og_description":"The company's growing management portfolio expanded with the addition of The Groves.","og_url":"https:\/\/www.commercialsearch.com\/news\/vestar-takes-over-management-of-the-groves-in-tempe\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2016-01-27T17:37:14+00:00","article_modified_time":"2022-03-03T08:40:16+00:00","og_image":[{"width":725,"height":350,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/The-Groves-Tempe.jpg","type":"image\/jpeg"}],"author":"Alex Girda","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/vestar-takes-over-management-of-the-groves-in-tempe\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/vestar-takes-over-management-of-the-groves-in-tempe\/"},"author":{"name":"Alex Girda","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c"},"headline":"Vestar Takes Over Management of The Groves in Tempe","datePublished":"2016-01-27T17:37:14+00:00","dateModified":"2022-03-03T08:40:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/vestar-takes-over-management-of-the-groves-in-tempe\/"},"wordCount":196,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/vestar-takes-over-management-of-the-groves-in-tempe\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/The-Groves-Tempe.jpg","articleSection":["Deals","News","Phoenix","Property Management","Retail"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/vestar-takes-over-management-of-the-groves-in-tempe\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/vestar-takes-over-management-of-the-groves-in-tempe\/","url":"https:\/\/www.commercialsearch.com\/news\/vestar-takes-over-management-of-the-groves-in-tempe\/","name":"Vestar Takes Over Management of The Groves in Tempe - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/vestar-takes-over-management-of-the-groves-in-tempe\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/vestar-takes-over-management-of-the-groves-in-tempe\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/The-Groves-Tempe.jpg","datePublished":"2016-01-27T17:37:14+00:00","dateModified":"2022-03-03T08:40:16+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/vestar-takes-over-management-of-the-groves-in-tempe\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/vestar-takes-over-management-of-the-groves-in-tempe\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/vestar-takes-over-management-of-the-groves-in-tempe\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/The-Groves-Tempe.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/The-Groves-Tempe.jpg","width":725,"height":350,"caption":"The Groves (Photo by Mark Skalny)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/vestar-takes-over-management-of-the-groves-in-tempe\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Vestar Takes Over Management of The Groves in Tempe"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c","name":"Alex Girda","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","caption":"Alex Girda"},"description":"Alex is a senior editor with Multi-Housing News and Commercial Property Executive who has more than a decade of experience in the industry. Mainly focused on data-driven exploits, he works with Yardi Matrix and CommercialEdge to provide insights into the real estate market.","url":"https:\/\/www.commercialsearch.com\/news\/author\/alex-girda\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/The-Groves-Tempe.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004135733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004135733"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004135733\/revisions"}],"predecessor-version":[{"id":1004569801,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004135733\/revisions\/1004569801"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004135767"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004135733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004135733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004135733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}