CenterCal Properties was founded in 2004 and has evolved into a privately held, full-service commercial real estate owner, developer, and operator focused on retail-anchored and mixed-use destinations across the western United States. The firm was established by Jean Paul Wardy, who continues to serve as Founder and Chief Executive Officer. CenterCal is not publicly traded and operates with an integrated platform encompassing acquisitions, development, leasing, asset management, and property operations. The company’s core business centers on acquiring and repositioning open-air retail centers, lifestyle destinations, and mixed-use projects that combine retail with dining, entertainment, office, residential, and hospitality components. CenterCal’s investment strategy emphasizes necessity-based and experience-oriented retail, targeting assets in dense, supply-constrained suburban and infill markets where physical retail continues to perform. The firm frequently partners with institutional capital, including joint ventures with private equity sponsors, to pursue large-scale acquisitions and redevelopment opportunities. CenterCal’s portfolio spans California, Washington, Oregon, Idaho, and Utah, with its largest exposure in California. Key markets include Southern California, the San Francisco Bay Area, and the Pacific Northwest. This regional concentration provides operational scale and market expertise but also exposes the portfolio to California-specific regulatory, tax, and economic risks. Recent acquisitions underscore the firm’s focus on high-traffic regional retail assets with redevelopment potential, particularly in coastal and high-barrier markets.