CenterCal Repositioning Streets of Brentwood for Success

06/16/26

They say opposites attract, and that's certainly been true for today's retail winners.

On one side, you have California's high-end, open-air centers. "Dominant open-air lifestyle centers in affluent, supply-constrained markets are seeing intense competition for space from national, experiential and restaurant tenants that want to be in the best locations and at the highest-quality properties," says Bob Franz, vice president of West Coast acquisitions at Federal Realty Investment Trust.

On the other, you have necessity-based, grocery-anchored assets. "These centers have been battle-tested through COVID, and consumers continue to shop close to home where they can see and feel their groceries rather than rely on delivery," Franz adds.

Read the full article in California Centers Magazine: https://editions.mydigitalpublication.com/publication/?i=864655&p=8&view=issueViewer