CenterCal Properties is a privately held retail and mixed-use developer and operator founded in 2004 by Jean Paul Wardy. The firm operates from dual headquarters in El Segundo and Costa Mesa, California, with a portfolio spanning five western states. CenterCal focuses on developing, acquiring, leasing, and managing open-air retail centers and mixed-use destinations across California, Oregon, Washington, Idaho, and Utah. The company positions its properties as community gathering places rather than conventional shopping centers, employing a placemaking strategy that incorporates experiential retail, dining, and entertainment programming.
The company operates 12 offices across its five-state footprint and employs over 150 people. CenterCal's portfolio includes properties ranging from lifestyle centers to regional retail destinations. In the first quarter of 2024, the firm reported 94% occupancy across its mixed-use retail portfolio, outperforming the broader retail sector, which had a 10.3% vacancy rate during the same period. Recent transactions demonstrate an expansion strategy executed through joint ventures with institutional partners. In October 2025, CenterCal partnered with DRA Advisors to acquire Long Beach Towne Center for $143 million, an 870,000-square-foot regional mall. The joint venture also acquired Fig Garden Village in Fresno in May 2025, a nearly 300,000-square-foot open-air center featuring tenants including Whole Foods Market, lululemon, Pottery Barn, and Williams Sonoma. In October 2024, CenterCal partnered with Heitman to acquire The Streets of Brentwood shopping center.
California represents the core geographic market, with properties concentrated in Long Beach (2nd & PCH, Long Beach Towne Center), the San Francisco Bay Area (Bay Street Emeryville, The Veranda in Concord), Ventura County (The Collection at Riverpark), and Fresno (Fig Garden Village). Oregon holdings include Bridgeport Village in Tigard, a 500,000-square-foot outdoor mall that underwent a redevelopment in 2022. Idaho exposure centers on The Village at Meridian in the Boise metro area, while Washington assets include The Terminal at Ballard in Seattle and The Village at Totem Lake. Utah holdings feature Mountain View Village and Station Park. Tenant rosters across the portfolio include national and regional retailers such as Nike, Nordstrom Rack, lululemon, Whole Foods Market, and Pottery Barn, alongside restaurants and entertainment concepts.
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