N1-497 NMM Corpnewsletter
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RANKED THE Santa Barbara County • Ventura County • San Fernanado Valley • Los Angeles County • Orange County • San Diego County • Colorado • Chicago COMMERCIAL 2015 NEWSLETTER Sacramento Tulare Vista Lancaster Simi Valley By the LA Business Journal in 2015 Woodland Glendale Hills Santa Maria NewMark Merrill Companies Announces the Acquisition About NewMark of Marketplace 99 in Elk Grove, CA Merrill Companies 75 Hemet Inglewood Spearheading the acquisition was Sandy Sigal (Chairman and Chief Executive Officer of NewMark Merrill Companies), along with Jim Patton (Director of Leasing & Acquisitions). Scott 10 Clark with Pacific Southwest Realty Service arranged financing through William G. McPadden, Jeffery Packard, and Thomas Treacy of John Hancock. Lake Michigan NewMark Merrill Companies purchased the center from Donahue Schriber, and the deal was brokered by M. Daniel Wald and Eric Kathrein with DTZ. “This is our first acquisition in Elk Grove, and we are extremely 5850 Canoga Avenue, San Juan Capistrano excited about Marketplace 99 because of its tremendous Suite 650 location, situated in one of the most desirable retail locations Woodland Hills, CA 91367 NewMark Merrill Companies has within its trade area,” stated Sandy Sigal. “In addition, we Tel (818) 710-6100 Peru announced its acquisition of the have worked on local projects over the past several years – Fax (818) 710-6116 Marketplace 99 shopping center, including the repositioning of nearby Southgate Plaza – and www.NewMarkMerrill.com which is located off of Highway 99 we are firmly committed to doing more in the Sacramento at Bond Road in Elk Grove, CA. area. We believe this center presents great opportunity for Construction of the 321, 829 square foot our company to further establish our presence here,” Sigal NEWMARK MERRILL COMPANIES PORTFOLIO • 2015 shopping center was concluded. completed in 1997, Elk Grove’s location provides easy and Elk Grove continues to be an affluent access to two major freeways, as well as Sacramento suburb and home to over the Sacramento International Airport, 159,000 residents. Marketplace 99 tenants rail lines, and two ports. The City of Elk include Hobby Lobby, Burlington Coat Grove is known for their award winning SAN DIEGO COUNTY, CA Factory, Anna’s Linens, Ross, Staples, NewMark Merrill Companies develops, acquires, Shopping Center Sq. Ft. Location school district, a variety of outstanding Chuck E. Cheese’s, and Famous Footwear, manages and leases commercial retail shopping Chula Vista Crossings 183,173 Chula Vista restaurants, a historical district, first-rate El Cajon Town & Country 53,000 El Cajon as well as an additional 33 other retailers. centers throughout California, Colorado and Chicago. parks, and much more. SANTA BARBARA COUNTY, CA Encinitas Village Square II 28,085 Encinitas Lake Elsinore Valley Center 68,838 Lake Elsinore NewMark Merrill Property Portfolio: Shopping Center Sq. Ft. Location Santa Maria Commons 117,363 Santa Maria Grand Plaza 356,000 San Marcos Mesa Town Center 140,438 San Diego LOS ANGELES COUNTY, CA VENTURA COUNTY, CA Locals help break ground on Village at the Peaks Mission Marketplace 344,009 Oceanside Shopping Center Sq. Ft. Location Shopping Center Sq. Ft. Location Nordhal Marketplace 315,000 San Marcos 20th and K 107,016 Lancaster Janss Marketplace 455,250 Thousand Oaks Piazza Carmel 137,609 Carmel Valley Carson Town Square 59,783 Carson Thousand Oaks Marketplace 155,000 Thousand Oaks Crenshaw Imperial Plaza 304,755 Inglewood Poway Crossings 114,811 Poway Del Amo Plaza 58,126 Cerritos TULARE, CA San Marcos Village 96,606 San Marcos Devonshire/Reseda 182,611 Northridge Shopping Center Sq. Ft. Location The Shops at Spectrum 13,240 San Diego Food 4 Less 50,254 Wilmington Visalia Center 59,283 Visalia Terra Nova Plaza 310,000 Chula Vista Tri-City Crossroads 147,000 Oceanside The Gardens 57,485 Hawaiian Gardens ORANGE COUNTY, CA Villa Norte 19,702 La Jolla Gateway Plaza 17,389 Pico Rivera Shopping Center Sq. Ft. Location Vista Village 8,500 Vista Lancaster Plaza 107,322 Lancaster Anaheim Town Square 378,271 Anaheim Marina Pacifica 277,022 Long Beach Bristol Warner Marketplace 121,679 Santa Ana COLORADO Northpark Village Square 87,094 Valencia Bristol Warner Village 82,671 Santa Ana Shopping Center Sq. Ft. Location As part of the events festivities, Norwalk Town Square 241,500 Norwalk Arvada Marketplace 164,611 Arvada RIVERSIDE/SAN BERNARDINO COUNTIES, CA NewMark Merrill presented a $5,000 Norwalk Walmart 111,830 Norwalk Broomfield Plaza 105,064 Broomfield Shopping Center Sq. Ft. Location donation to officials from the I Have a Park Plaza on Maine 96,219 Baldwin Park Citadel Crossing 470,000 Colorado Springs Arlington Square 98,742 Riverside Tarzana Village 50,136 Tarzana Fort Collins Marketplace 80,276 Fort Collins Dream of Boulder County. $4,700 Citrus Village 28,708 Corona Topanga Willows 9,809 Woodland Hills PBR Twin Peaks 15,000 Longmont Citrus Village II 156,000 Corona Over 500 Local Residents attended the August 1, 2014 ground of which was generated during a Westridge Shopping Center 63,529 Canoga Park Village at the Peaks 480,000 Longmont Corona Town and Country 58,129 Corona breaking as the first chunks of Longmont’s Twin Peaks Mall went Fresh & Easy/ Big Lots 49,500 Whittier Westlake Village 157,000 Greeley NewMark Merrill hosted auction. Three Country Club Marketplace 99,500 Chino Hills down, officially kicking off construction of the $85 million Village SACRAMENTO, CA Heritage Plaza 119,000 Riverside CHICAGO, IL locals also paid $95, $85 and $75 in Shopping Center Sq. Ft. Location The Marketplace on Grove 207,000 Ontario Shopping Center Sq. Ft. Location at the Peaks redevelopment. Allen Ginsborg, principal of an online auction for the chance to help Marketplace 99 321,829 Elk Grove Moreno Beach Plaza 22,669 Moreno Valley Peru Marketplace 362,463 Peru NewMark Merrill’s Mountain States division, projects the property run the excavator and make the first Elverta Crossing 119,998 Sacramento Page Plaza 349,000 Hemet Stratford Crossing 358,385 Bloomingdale Southgate Plaza 365,000 Sacramento University Village 178,020 Riverside Winston Plaza 404,471 Melrose Park will generate $175 million in annual taxable revenue for the city holes in the mall. once completely built out and leased. See Rendering Inside > 5850 Canoga Avenue, Suite 650 • Woodland Hills, CA 91367 • TEL (818) 710-6100 • FAX (818) 710-6116 • www.NewMarkMerrill.com NewMark Merrill Companies Annouces Joint Venture with Upside CIP, LP ACQUISITIONS & DEVELOPMENTS: It’s been a busy first half of 2015 at BrightStreet Ventures, of engineering, respectively. You can learn more about NewMark Merrill Companies continues NewMark Merrill’s Technology Affiliate. Datex Property Datex by visiting their web site www.datexdata.com. to grow its impressive portfolio with the Solutions, whose Real Estate Business Intelligence Meanwhile, BlueList, the Mobile Offers service that has announcement of a joint venture with software powers NewMark’s Merrill’s Real Estate Portal, been in development for the past year and half, is getting Upside CIP, LP at Crenshaw Imperial Plaza. has seen its business grow by leaps and ready for a Summer launch. BlueList has bounds. Several new customers, including partnered with numerous shopping center Crenshaw Imperial Plaza is a 304,755 THANKS Lewis Properties, Oliver McMillan, M West developers, including Combined Properties, square foot neighborhood shopping FOR THE TIP: Holdings and Hill Properties, have licensed the Regency Centers and Westwood Financial center located on the southwest corner company’s software platform, and the company Corp., and are on-boarding new merchants of Crenshaw Boulevard and Imperial Highway in Inglewood, Dave Hagglund, CBRE was recently featured in RealcommEDGE, the into the system every day, including California. NewMark Merrill Companies has been managing • Grocery Outlet leading publication for technology in real Subway, Walgreens, GNC, Coffee Bean, the center since March 2014. The Los Angeles County proper- El Cajon Town & Country ty is anchored by AutoZone, Fallas Paredes, General and San Marcos Village estate. Joining the Datex team in recent months has been and many more. To find out more about BlueList, visit their Anca Lumei and Steve Mark, a senior developer and director website www.getbluelist.com. Discount, 99¢ Only Stores, McDonald’s, and dd’s Discounts. Bryan Cunningham, The joint venture was financed by CCRE and coordinated Jones Lang LaSalle by Steve Bram, Davis Pascale, and Paul Monsen of George • Goodwill of San Diego Smith Partners. El Cajon Town & Country • El Pollo Loco The NewMark Merrill Team Continues to Grow “Crenshaw Imperial Plaza has a unique place in the history of Mission Marketplace this community, and we have an opportunity to build upon the center’s legacy and create a fresh, new experience,” noted Don Moser, Retail Insite Sandy Sigal, (President and Chief Executive Officer of • BevMo Vista Village NewMark Merrill Companies). “We're not only investing in the shopping center, but also in the city for the long term. Our SIGNED LEASES: Alexis Okubo Rukiya Wheeler Renatta Banning Dana Sterle Frank Tovar Isak Sabzanov Teresa Frias Hanh Truong primary goal is maintaining a sense of community while Assistant Controller Receptionist at Executive Assistant to Property Manager Property Manager Property Accountant Property Accountant Assistant providing a new, improved, and diverse shopping experience NewMark Merrill Corporate Allen Ginsborg Property Manager for residents.” Plans for redeveloping Crenshaw Imperial Plaza will involve modern updates including many contemporary design improvements, along with a portion of the property being reposi- tioned to promote better traffic flow. A few other additions will include Steven Hong Jeff Miyaoka Ivy Tang Jermaine McMihlek Charles Moore Candice Cubillos Adrin Khachikian Marissa Torres Property Accountant Regional Property Property Accountant Legal Analyst/ Property Manager Property Accountant Marketing Assistant Receptionist at Oceanside improved signage and digital reader boards, as well as a new Manager, South LA Division Operations Assistant supermarket, fitness facility, and a food plaza at the front of the center.