REAL ESTATE

Vestar appoints Clint Marchuk VP of acquisitions

BY Michael Fickes

Phoenix — Vestar has appointed Clint Marchuk VP of acquisitions. His responsibilities include identifying, evaluating and carrying out shopping center acquisitions in Arizona, Utah, Colorado, New Mexico and Texas.

Prior to joining Vestar, Marchuk spent seven years acquiring shopping centers for both publicly traded and non-traded REITs sponsored by Cole Real Estate Investments/American Realty Capital Properties. @While at Cole/ARCP, he was actively involved in the acquisition of more than $2 billion in commercial real estate located throughout the Southwestern and Southeastern United States.

Vestar is a privately held real estate company in the Western United States. The company specializes in acquiring, managing and developing commercial real estate, including entertainment-retail complexes, power and lifestyle centers and neighborhood centers that serve as community shopping destinations with a unique sense of place.

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REAL ESTATE

Casto to lease retail space at The View on Fifth

BY Michael Fickes

Columbus, Ohio — State Street Capital Realty, an independent brokerage of Casto, has announced its recent listing for the retail portion of The View on Fifth in the Grandview area of Columbus, Ohio.

Under development by JSDI Celmark, Ltd., The View on Fifth is a mixed-use six-story project that will include 25,000 sq. ft. of retail shops and restaurants, a freestanding six-story parking garage and 285 luxury apartment residences — with one-to-four bedrooms.

Residential amenities designed for empty nesters and Millennials will include community spaces, a 24/7 fitness facility, meeting rooms and gathering areas and an all-weather outdoor deck with a swimming pool and hot tub, fire pits, grills, seating and dining areas.

Construction has commenced for The View on Fifth. The retail shops will come available for occupancy in time to open to the public in July 2015.

JSDI Celmark is a joint venture between the development companies of two Central Ohio developers, Jerry Solove and Mike Balakrishnan.

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REAL ESTATE

Vanguard Wine Bar leases Upper West Side space

BY Michael Fickes

New York — Vanguard Wine Bar has signed a 12-year lease for a 1,000-sq.-ft. ground-floor space at 189 Amsterdam Avenue between 68th and 69th Streets in New York City’s Upper West Side. It will be Vanguard’s second Manhattan location.

RKF represented both the tenant and the landlord, Ogden CAP Properties, in the transaction.

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