Acadia Realty Trust Acquisition of Del Monte Center

United States

Deal value: $120 million

Acquisition of Del Monte Center, a 675,000 SF open-air regional shopping center in Monterey, CA, anchored by Whole Foods and Macy’s.

The acquisition of Del Monte Center is driven by the belief in the enduring value of market-dominant, grocery-anchored retail assets in affluent, supply-constrained regions. Federal Realty aims to expand its West Coast footprint and capitalize on strong local demographics, high foot traffic, and the center’s position as the premier retail destination in Monterey. The timing reflects renewed investor interest in high-quality retail properties and the opportunity to enhance value through strategic leasing and placemaking.