DRA Advisors, rejiggering its retail portfolio, and CenterCal Properties have acquired a nearly 900,000-square-foot mall in Long Beach, California, for $143 million as they look to expand their holdings.
DRA, CenterCal grow portfolio with Southern California mall
New owners plan to revamp Long Beach retail property
By Linda Moss
CoStar NewsSeptember 30, 2025 | 11:48 P.M.
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IN THIS ARTICLE
- Properties
- Long Beach Town Center
7300 Carson Blvd, Long Beach, CA
- 2nd and PCH
6200 2nd St, Long Beach, CA
- Long Beach Towne Center
7557 Carson Blvd, Long Beach, CA
- Companies
- CenterCal Properties
Construction
- DRA Advisors
Finance and Insurance
- Barings
Finance and Insurance
- Contacts
- Brett Gottlieb
Managing Director, Acquisitions, DRA Advisors
- Jean Paul Wardy
Chief Executive Officer & Founder, CenterCal Properties