<body><div><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=0xsJCU_0wDC9WhE00" alt="https://img.particlenews.com/image.php?url=0xsJCU_0wDC9WhE00" width="820" height="510" >CenterCal Properties and Heitman completed the joint acquisition of The Streets of Brentwood, an open-air shopping center in Brentwood, for an undisclosed sum. The 358,700-square-foot property’s new owners plan to reimagine and enhance the center’s offerings. “The Streets of Brentwood is an important addition to our portfolio of premier, mixed-use properties,” said Jean Paul Wardy, CEO of CenterCal Properties. “We are committed to creating spaces that not only serve as shopping destinations but as community hubs where people can gather, relax, and enjoy a variety of experiences. We look forward to working closely with our retail partners and the Brentwood community to continue to elevate this vibrant center.”Gordon Black, portfolio manager at Heitman, added, “Open-air lifestyle centers have demonstrated strong operating fundamentals post the COVID-19 pandemic. These fundamentals are further benefitting from minimal new supply and sustained demand from retailers, a trend we believe will continue.”ConnectInside The StoryPaul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&amp;As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).</div></body>

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CenterCal, Heitman Add Open-Air Brentwood Shopping Center

CenterCal Properties and Heitman completed the joint acquisition of The Streets of Brentwood, an open-air shopping center in Brentwood, for an undisclosed sum. The 358,700-square-foot property’s new owners plan to reimagine and enhance the center’s offerings. “The Streets of Brentwood is an important addition to our portfolio of...