About ICI Development Company
California retail real estate,
built to last.
Since 1981, ICI Development Company has developed, owned and operated shopping centers across California anchored by grocers and large-format retailers such as Walmart, Lowe's, Home Depot, and Sam's Club. Every function — development, leasing, and day-to-day management — is handled by our team, from acquisition through stabilization and beyond.
- 1981
- Company founded
- 6M+ SF
- Retail developed since inception
- 100%
- California-focused portfolio
Vertically Integrated
Our management, leasing and development functions are fully integrated within our company. This structure lets us move faster than owners who outsource these roles, hold every asset to one consistent standard and make decisions with a long-term perspective.
Necessity-Based Retail
Our centers are anchored by grocers such as Albertsons and Pavilions and large-format retailers — categories chosen for the fundamentals that matter: durable foot traffic, resilience through economic cycles and insulation from e-commerce displacement.
A Long-Term Owner
The founders built this company to hold real estate, not trade it. That discipline shapes how we underwrite and reinvest in our properties and how long we keep them — decades, in most cases.
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