Vestar purchases north Phoenix mall property

By Audrey Jensen | Phoenix Business Journal

Phoenix-based Vestar, a national retail developer, was the sole bidder and winner on Wednesday of the Desert Ridge Marketplace property in north Phoenix. 

Vestar DRM-OPCO LLC, an entity connected to Vestar, acquired the 115 acres from the Arizona State Land Department for the minimum bid of $29.4 million. 

Read the full subscription story from the Phoenix Business Journal.

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