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CenterCal, DRA Acquire Longstanding Regional Center in Fresno
CenterCal, in partnership with DRA Advisors, acquired Fig Garden Village, an open-air retail destination located in Fresno, for an undisclosed sum. The new ownership plans on making thoughtful reinvestment in the property to enhance the customer experience, introduce new retail and dining offerings and preserve the center’s architectural character.
“This acquisition represents more than a strategic investment — it’s an opportunity to enrich a beloved community destination,” said Jean Paul Wardy, CEO of CenterCal Properties. “Together with DRA Advisors, we plan to elevate the experience at Fig Garden Village, while honoring its deep roots in the community.”
Encompassing nearly 300,000 square feet, Fig Garden Village is home to a mix of national, regional, and local retailers, including the market’s only Pottery Barn, Williams Sonoma and Banana Republic alongside other prominent names such as lululemon, Whole Foods Market, Anthropologie, Madewell and Paper Source. Developed in 1956, it reportedly was the first of Fresno’s regional shopping centers.
- ◦Sale/Acquisition
