CenterCal Properties and DRA Advisors Acquire Long Beach Towne Center, Announce Reinvestment and Placemaking Plans

CenterCal Properties and DRA Advisors Acquire Long Beach Towne Center, Announce Reinvestment and Placemaking Plans

COSTA MESA, Calif., Sept. 25, 2025 /PRNewswire/ -- CenterCal Properties, a premier retail and mixed-use developer and operator and DRA Advisors, a leading real estate private equity firm, are pleased to announce the acquisition of Long Beach Towne Center. The property is an 870,000-square-foot regional destination in Long Beach, California. This acquisition is a strategic enhancement to the companies' expanding portfolio of top-performing retail…

CenterCal, DRA Acquire Long Beach Towne Center with Placemaking Plans

Costa Mesa-based CenterCal Properties and New York City-based DRA Advisors said Friday they had acquired Long Beach Towne Center, an 870,000-square-foot regional destination in Long Beach, for an undisclosed sum. The new ownership sees the acquisition as a significant opportunity to reimagine one of Southern California’s most prominent retail and entertainment destinations. DRA and CenterCal, in partnership with the City of Long Beach, will impl…