Varun Akula
joins firm with proven track record of leading mixed-use project
development
EL
SEGUNDO, Calif., June 20,
2024 /PRNewswire/ -- CenterCal Properties, a premier
full-service commercial real estate company serving the western
U.S., is reinforcing its leadership team with the addition of
Varun Akula as Senior Vice President
of Development. He contributes insights from more than 15 years of
experience in the development, acquisition and management of
commercial real estate projects in Southern California and Las Vegas, with a particular focus on
mixed-use assets. At CenterCal Properties, Akula will oversee the
organization's development projects while charting a path for
growth through leveraging new business opportunities and the
company's unique placemaking approach.
"Varun has demonstrated a keen eye for promising real estate
endeavors and a natural ability to forge strong relationships with
key constituents to bring them to fruition," said Founder and CEO,
Jean Paul Wardy. "We are confident
that his expertise and leadership will enable CenterCal Properties
to maintain our tradition of success in placemaking, where we
create unique destinations that provide communities with the
amenities they want as well as the personal connections and
engagement that people crave."
In his new role at CenterCal Properties, Akula is based in the
corporate office in El Segundo. He
will serve as a member of the Investment Committee. In addition to
working in close collaboration with the executive team, he will
lead, mentor and manage a 16-person team of investment and
development professionals. He is tasked with ensuring his group's
alignment with company goals and with efforts to pursue a path of
sustainable growth in the area of mixed-use development.
Akula joins CenterCal Properties from Hines, where he previously
served as a Managing Director responsible for commercial real
estate projects spanning office, residential, retail, industrial
and mixed-use. During his time with Hines in Los Angeles, he was instrumental in marquee
projects, collectively valued at approximately $8 billion.
About CenterCal Properties LLC
CenterCal Properties
LLC, a premier full-service commercial real estate company founded
in 2004, is redefining the landscape of the western U.S. With a
focus on community-building, the company creates spaces that foster
connection, enjoyment, and a sense of belonging. Under the
visionary leadership of Founder and CEO Jean Paul Wardy, CenterCal Properties has become
synonymous with excellence and innovation, boasting a portfolio of
iconic destinations across California, Idaho, Oregon, Utah
and Washington. Rooted in core
values that include creative persistence, high standards,
resourcefulness, delivering today and unwavering integrity,
CenterCal Properties specializes in the investment, development,
leasing and management of high-quality retail and mixed-use
development from its headquarters in El
Segundo, Calif. More information, including a full property
portfolio, is available at www.centercal.com.
Media Contact: Kristen
Sharkey
E: Kristen.Sharkey@finnpartners.com; M: 203.644.899
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SOURCE CenterCal Properties