Vestar, a privately held shopping center owner and manager in the western United States, has been awarded the role of property management, while retail brokerage specialist Western Retail Advisors will oversee leasing at Superstition Gateway in Mesa, Ariz. The Phoenix-based companies will work collaboratively to maximize occupancy and operations at the Mesa center, which is currently 97% leased and attracts an average of 700,000 visitors per month.
Superstition Gateway is located at the highly trafficked corner of U.S. Highway 60 and Signal Butte Road. Spanning nearly 500,000 square feet, the property’s tenant mix includes anchor tenants Walmart, AMC Theatres, LA Fitness, Kohl’s, Marshalls, PetSmart, Michaels, Five Below and Ulta, and more than 50 additional retailers.
“We are thrilled to have been selected as the property management firm for Superstition Gateway and to expand our management footprint in our home state of Arizona,” said Patrick McGinley, president of management services at Vestar. “Mesa is one of the fastest-growing communities in the region, and we look forward to applying our management expertise to enhance the center’s overall value.”
Alvarez & Marsal Capital Real Estate acquired the asset in April 2025. The Western Retail Advisors team — Bryan Ledbetter, Neil Board, and Katie Weeks — will serve as the project’s exclusive leasing brokers.
“Superstition Gateway aligns perfectly with East Valley market demands, offering strong visibility, a prime location, and a compelling tenant mix,” said Ledbetter. “We’re excited to bring our retail-specific leasing experience to the project and appreciate the opportunity to represent such a well-positioned asset.”
