Del Monte Shopping Center

What Del Monte Shopping Center does

Del Monte Shopping Center is a traditional enclosed retail shopping mall located at 1410 Del Monte Center in Monterey, California. The property operates under the branding 'The Heart of Monterey' and serves local residents of the Monterey Peninsula as well as visiting tourists. Its tenant mix spans apparel (Apple, Anthropologie, Aerie, Banana Republic, Chico's), personal care (Bath & Body Works), quick-service and casual dining (California Pizza Kitchen and others), financial services (BMO Bank), and entertainment (Cinemark Century 13, including a dine-in Cinema Cafe). On-site amenities include an Electric Vehicle Charging Station and a customer loyalty program branded 'Del Monte Club.'

The business model is classic retail real estate: the center generates revenue by leasing space to retail, restaurant, and entertainment tenants, collecting base rent and potentially percentage rent, while the individual tenants set their own consumer pricing. There is no proprietary software product; the mall's digital storefront (delmontecenter.com) — including the store directory, deals, events calendar, and rewards club signup — is operated on the Placewise platform, which is also linked to the Placewise Network. The property is owned by Federal Realty Investment Trust, a publicly traded REIT, per the privacy policy linking to federalrealty.com. Marketing and customer engagement are handled through a combination of the Placewise-built website, an Instagram presence (@shopdelmonte), email/newsletters via the Del Monte Club, in-center events programming, and a movie theater component.

The center faces structural pressures common to U.S. enclosed malls, including e-commerce substitution for in-line apparel tenants, but its coastal tourist-area location, anchor entertainment, and diversified mix provide defensive characteristics relative to lower-tier malls. No revenue, occupancy, tenant sales, headcount, or acquisition/divestiture data is disclosed at the asset level.

Name

Del Monte Shopping Center

Legal name

Del Monte Shopping Center

Website

https://delmontecenter.com

Company type

Private

Founded year

1967

Operating status

Operating

Headcount range

11–50 employees

Short description

Del Monte Shopping Center is an enclosed retail mall in Monterey, California, owned by Federal Realty Investment Trust and operated on the Placewise digital platform. It leases space to roughly 50+ tenants spanning apparel, dining, personal services, banking, and a Cinemark movie theater, serving local residents and tourists.

Ownership category

akta.pro rank

Product category

Shopping Mall Operations

SIC

Retail-Department Stores (5311)

akta.pro primary industry

Downtown/Urban Flagship Traditional Department Stores (CRAGAAAG)

Keywords

• Retail shopping mall
• Retail space leasing
• Shopping center operations
• Mall property management
• Retail real estate

Headquarters

HQ city

Monterey

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Infrastructure, Others

Revenue model

1. Retail Space Leasing: Del Monte Shopping Center generates revenue primarily through leasing retail space to tenant stores and restaurants. The center serves as a landlord, collecting rent and potentially percentage rent from retail tenants operating within the mall property.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Del Monte Shopping Center operates a physical retail shopping mall in Monterey, California, leasing space to approximately 50+ tenant stores, restaurants, and entertainment venues (including a Cinemark Century 13 movie theater). The center serves as a centralized shopping, dining, and entertainment destination for local residents and tourists, supported by a Del Monte Club rewards program, on-site Electric Vehicle Charging Station, and events programming.

Product overview

Del Monte Shopping Center is a single physical retail mall property located in Monterey, California. The center houses a diverse mix of retail stores, restaurants, and entertainment venues as tenants. It is not a software or technology product company. The mall offers services including movie theaters (Cinemark Century 13), various dining options, fashion retail, personal services, and a loyalty program (Del Monte Club).

Differentiator

Problem solved

Functional benefit

Products and services

• Del Monte Shopping Center (Mall Experience) A retail shopping mall in Monterey, California that houses approximately 50+ tenant stores, restaurants, and entertainment venues (including a Cinemark Century 13 movie theater), providing a one-stop shopping, dining, and entertainment destination for local residents and tourists.
• Del Monte Club Rewards Program
• Electric Vehicle Charging Station

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• PlacewiseminorOthersPlacewise is the technology platform provider powering Del Monte Shopping Center's website and digital operations. The footer notes 'Brought to you by the Placewise Network'.

Recent moves3 records

Expansion highlights2 records

Direct peers

• Simon Property Group: Largest U.S. mall REIT operating regional and premium shopping malls with national tenant mixes comparable to Del Monte's anchored lineup. Directly comparable in mall format and revenue model (percentage rent + base rent).
• CBL & Associates Properties: Mall REIT operating enclosed and open-air shopping centers across the U.S. Comparable business model and tenant base, though typically more value-tier oriented than Del Monte.
• Macerich: Mall REIT owning high-quality U.S. regional malls with diverse retail, dining, and entertainment tenant mixes similar to Del Monte Center. Direct peer in mall REIT category.
• RPT Realty: Open-air shopping center REIT operating grocery-anchored and lifestyle centers. Comparable retail real estate operating model with similar tenant credit profiles.
• Brookfield Properties: Operates retail and mixed-use shopping centers in major North American markets, comparable in tenant mix and shopping-center operating model to Del Monte Center.

Broad incumbents

• Kimco Realty: Largest publicly traded owner of open-air shopping centers in North America. Comparable real estate operating model though more focused on grocery-anchored strip centers rather than enclosed malls.
• Brixmor Property Group: Owner and operator of open-air shopping centers across the U.S. with comparable leasing and tenant-mix dynamics, though more grocery-anchored than Del Monte's mall format.
• Unibail-Rodamco-Westfield: Global operator of flagship shopping destinations (Westfield brand) with U.S. presence. Comparable as a broad incumbent in destination retail, though typically larger and more urban-focused than Del Monte.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/shopdelmonte
• LinkedInlinkedin.com/company/del-monte-center

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Del Monte Shopping Center