Redondo Beach Fun Factory, CenterCal in lease negotiations
Real estate agent Dean Thomas is the man in the middle, brokering lease discussions between CenterCal Properties and Steve Shoemaker for the Redondo Fun Factory lease. Photo The lease for the Redondo Fun Factory is on the market, and according to the agent managing discussions, Redondo Waterfront developer CenterCal Properties has made an offer he’s confident will lead to a deal. A deal between Fun Factory owner Steve Shoemaker and CenterCal would settle the largest piece in the puzzle for the Redondo Pier and the developer’s plans for waterfront reinvigoration. Dean Thomas, owner of eReal Estate Corp, is the real estate agent brokering discussions between Fun Factory owner Steve Shoemaker and CenterCal. Thomas put the Fun Factory’s lease on the market on March 4 for $29 million. Shoemaker’s struggles with the City of Redondo Beach reignited in recent months, when he pushed back against the city’s rent increase proposals. “I absolutely love Redondo, but I don’t like the way they do business,” Shoemaker said. The Fun Factory owner, who has operated businesses on the pier since 1972, is one of the area’s last remaining long-term leaseholders. His lease for the 30,000 square foot Fun…
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