Acadia Realty Trust Acquisition of Del Monte Center

Monterey, California, United States

Del Monte Center is a premier, open-air shopping center located in Monterey, California, featuring approximately 674,000 square feet of retail space on 47 acres. The property is anchored by Whole Foods Market and includes high-performing tenants such as Apple, Sephora, Lululemon, Pottery Barn, and Anthropologie. Strategically positioned along Highway 1, it serves as the dominant retail destination for the Monterey Peninsula, drawing from a trade area of over 225,000 residents and ranking in the top 5% of U.S. shopping centers for annual foot traffic. As of early 2025, the center is 83% leased and is undergoing strategic lease-up and merchandising enhancements under new ownership.