PDF - NewMark Merrill Companies

D AS
RANKE
RCIAL
COMME
2010 NEWSLETTER
By the LA Business
Journal in 2010.
Arlington Square renovation receives beautification award!
Our $6.5 million dollar renovation and
expansion is complete
Award
winning
design
NewMark Merrill Companies
announced the completion of the
$6.5 million dollar renovation and
expansion of Arlington Square
Shopping Center in Riverside. A
few prime spaces are still available at the 98,742
square foot center, which is 95% leased.
★
The 8 month renovation transformed the 40-year-old
center into a contemporary shopping destination
with a new fountain courtyard, new clock tower
and a complete facelift. A long vacant, corner bank
building was also replaced with two 4,500 sq.ft.
pad buildings.
The architectural firm of McKentley-Malak
Architecture designed the buildings and Primus
Construction oversaw both the remodel and new
construction. Andrew Dewar, Director of Development
and Construction for NewMark Merrill, oversaw
the redevelopment and Brad Pearl, Vice President
of Leasing and Acquisitions, oversaw the implementation of the entire redevelopment plan and
its entitlements with the City of Riverside. This is
the Company’s second project in the City of
Riverside and it’s second Fresh & Easy market.
About NewMark
Merrill Companies
• Over 40 Retail Assets
• California, Colorado
& Illinois
• Over 6,500,000 Sq. Feet
Integrated approach includes:
• Development: a development team with
a combined experience of over 47 years in
developing commercial retail projects.
• Acquisitions: expertise to evaluate
existing shopping centers or land for
development within 24 hours, close quickly
and pay all cash.
Arlington Square Shopping Center is the recipient of the
24th Annual Beautification Award in the Exterior
Remodel and Landscape category by the Keep Riverside Clean
and Beautiful and the Greater
Riverside Chamber of Commerce.
• Property Management: complete
center maintenance operations, regular site
visits, in-house property management team
(over 20 years of experience in retail
management).
Each year Keep Riverside
Clean and Beautiful recognizes
community members, private
business and local government
for their beautification and
environmental efforts throughout
the City of Riverside.
• Leasing: long term strategic planning,
property acquisition, tenant leasing and preleasing, and tenant/contractor coordination.
Hampton Inn & Suites opens it’s doors!
Newmark Merrill’s Thousand Oaks Marketplace continues the
companies expansion with the completion of the first phase of the
155,000 square foot property which started in August of 2008. Formerly occupied by Home Depot, the site now
houses a Hampton Inn & Suite and 13,000 square foot Walgreens Pharmacy. The opening of the 125-room
Hampton Inn & Suites completed phase one development of Thousand Oaks Marketplace. Plans to develop a second
phase will add 74,466 square feet of retail space.
Sandy Sigal, Founder and Chief Executive
Officer of NewMark Merrill, said, “We are
proud of our new $40-million development and
are working to bring other retailers to join
Hampton Inn & Suites and Walgreen’s
Pharmacy.”
• Financial Services: regular financial
reporting and long term financial planning,
including loan restructuring and refinancing.
• Design & Construction: control all
aspects of structural development (tenant
improvements to total redevelopment).
• Marketing: cost-effective marketing
programs, including innovative on-site
promotions and tenant assistance.
• City Redevelopment Agency:
build relationships between the
community redevelopment agency,
surrounding communities, and the
center’s commercial uses.
“Hampton Hotels combine quality, service,
comfort and plenty of value-added extras,
making Hampton the brand of choice in the
marketplace today,” said Josh Lujan, General
Manager for the Hampton Inn & Suites
Thousand Oaks.
5850 Canoga Avenue, Suite 650 • Woodland Hills CA 91367 • Tel (818) 710-6100 Fax (818) 710-6116 • www.newmarkmerrill.com
Fresh & Easy Whittier location
opens to an excited crowd
™
NewMark Merrill ramps up with new property management
contracts in California totaling 425,950 square feet
NewMark Merrill Companies is proud to announce the addition of five new Property
Management contracts totaling 425,950 square feet, as an addition to its expanding list
of clients. The shopping center contracts include:
• Del Amo Plaza is located at 11877 Del Amo Blvd. in Cerritos. Anchored by
Starbucks and Bally’s Total Fitness, this 58,126 square foot shopping center is located
in a market we know well.
• Paraiso Town Center in Dos Vientos Ranch, Newbury Park. This 72,031 square
foot shopping center is home to Mama Rita’s Mexican Food, Paraiso Family Dental
and Orthodontics, Fitness Together, Red Coral Sushi Restaurant and more.
NewMark Merrill Companies announces the
first Fresh & Easy Neighborhood Market has
opened in Whittier. The store held an official
ribbon cutting ceremony on February 24th to launch the Grand
Opening celebration where more than 100 excited shoppers
lined up.
The 14,500 square foot store
continues NewMark Merrill
Companies impressive retail
growth. The new store is coanchored by Big Lots in the
company’s Whittier shopping center, located on Whittier Boulevard, west of Painter
Avenue. Fresh & Easy continued its grand opening tradition
with a $1,000 donation to the Boys & Girls Club of Whittier.
Sandy Sigal, Founder and CEO of NewMark Merrill Companies
said, “NewMark Merrill Companies has completed several
other deals with Fresh & Easy and we are thrilled to have their
commitment to co-anchor this center as the focal point for our
repositioning of this great property.”
COMMITMENT TO EXCELLENCE
NewMark Merrill Companies recognizes
employees for their commitment to excellence.
F I V E Y E A R E M P L OY E E S :
• Jeremy Just
Managing Director
LandMark Retail Group
• Wendy Maze
Leasing Assistant
2009
PROPERTY
MANAGER
OF THE YEAR:
JULIE TREGER
• Park Plaza on Maine Shopping Center is located at 14483
Ramona Blvd. in Baldwin Park. This 154,219 square foot shopping center is anchored by Subway, El Pollo Loco and Chase Bank.
• Santa Maria Commons is located at 2401 S. Broadway Blvd.
in Santa Maria. Kohl’s and Rite Aid are the anchors of this
117,363 square foot center.
• Capistrano Collection is a 24,211 square foot center located at 27184 Ortega
Hwy. in San Juan Capistrano.
“For over 25 years, NewMark Merrill Companies has prospered in good and tough markets
by knowing how to operate centers for long-term value,” said Sandy Sigal, President and
CEO of NewMark Merrill Companies. “Now, more than ever, NewMark’s integrated
management, leasing, marketing and accounting expertise is helping those centers it
owns and manages to outperform the market and put them in position to thrive. It is worth
noting that our overall occupancy still exceeds 94% even in the toughest real estate
market in decades.”
NewMark Merrill Companies
MANAGEMENT SERVICES
Need to reposition your center in the marketplace? Maximize your cash flow? Enhance the value
of the center? Pursue a refinance or eventual sale? It all starts with hands-on management.
NewMark Merrill has been performing third party management services for shopping center
owners for over twenty years. Recently named the11th Largest Property Management Firm in
Los Angeles, we offer clients a dedicated in-house staff of seasoned management professionals
that will oversee every aspect of your center, including:
• Weekly Site Visits
• Leasing
• Legal Services
• Sales Collection
• Vendor Interaction
• Rent Billing/Collection
• Financial Reporting
• Redevelopment Alternatives
• Award Winning Marketing
If you’re interested in speaking with one of our highly trained team members about how we can
help you, please contact Jim Patton at (818) 710-6100 or visit us at www.newmarkmerrill.com.
We’d be happy to perform a free analysis of your center for you.
New Look at Arlington Square is welcomed
Before
“It is our pleasure to expand our presence in
Riverside by opening a branch in Arlington Square.
This center is beautiful and is a perfect compliment
to our other 5 Riverside Branch locations. We had
already had such a positive response to our opening
from residents and existing customers!”
P R O P E R T Y M A N A G E M E N T • Q U A R T E R LY AWA R D S
1st Quarter – Luke McFetridge
2nd Quarter – Buniel Chang
3rd Quarter – Julie Treger
4th Quarter – Carol Johannesen
iness
By the LA Bus 10
20
in
l
na
Jour
LaVonne Koester
After
Chase Bank • Calif. So. District Manager
El Cajon Town & Country
NewMark Merrill Team
Continues to Grow
Expansion Continues in San Diego
ACQUISITIONS &
DEVELOPMENTS:
Austin Bettar
Leasing Associate
52,990 Sq. Ft.,
El Cajon, CA
59,150 Sq. Ft.,
Norwalk, CA
374,527 Sq. Ft.,
Melrose Park, IL
SIGNED LEASES:
NewMark Merrill Companies continues its impressive retail growth by
signing a lease with Fresh & Easy
Neighborhood Market for a 15,000
square foot store at El Cajon Town &
Country Shopping Center. The new
Fresh & Easy grocery store is the catalyst for a $3 million renovation of
the property which is located on a
4.5-acre site on the southwest corner
of North 2nd Street and Madison
Avenue in El Cajon, California.
“The property has always been
ideally-located along the going-home
side of a very busy retail corridor,
said John Hickman, Managing
Director for NewMark Merrill
Companies’ San Diego office, “This
remodel is vitally important for El
Cajon Town & Country Shopping
Center to be competitive for firstclass tenants interested in this great
East County market.”
The renovated center will feature the
new Fresh & Easy and the existing
Rite Aid as anchor tenants. Other
pad and in-line tenants will occupy
the balance of the space which is
now approximately 93% leased.
The shopping center was built in the
early 1960’s. NewMark Merrill
Companies purchased the 53,000
square foot El Cajon Town &
Country Center in early 2008.
Several existing tenants have
extended their current leases and
negotiations are pending with several other new merchants. Sandy
Sigal, Founder and Chief Executive
Officer of NewMark Merrill, said
“It is a tribute to all involved – the
City of El Cajon, the community, our
lender, our tenants, and our development team – that we are able to
make this investment at a time when
so many similar deals are being
postponed. We understand the
potential of this dynamic community
as a very special place to live,
work and invest.”
NewMark Merrill Companies takes on
newly developed lifestyle center
NewMark Merrill Companies announced that it has been
hired to revitalize the Paraiso Town Center in Dos Vientos
Ranch. Paraiso Town Center was completed summer of 2008
and is home to Mama Rita’s
Mexican Food, Paraiso Family
Dentist, Fitness Together, Paraiso
Nail Spa, Paraiso Cleaners,
Red Corral Sushi Restaurant and
Miller Family YMCA. NewMark
Merrill seeks prospective new tenants that can thrive in the
community. Current tenants are welcoming the move after
months of uncertainty.
If you are interested in one of
our locations, please contact:
Brad Pearl or Jim Patton
Tel: 818-710-6100
Fax: 818-710-6116
[email protected]
[email protected]
US Bank, the current owner, has trusted NewMark Merrill
Companies and our many years of experience to revitalize
the recently developed center. Sandy Sigal, Founder and
Chief Executive Officer of NewMark Merrill, said, “We are
very excited at the opportunity and look forward to creating
a great mix of merchants. The center is newly developed with
a great location, in a wonderful neighborhood. We will do
everything we can to help the existing merchants survive and
better serve the needs of the community.”
NewMark Merrill is ranked as one of the top eleven developers
and top nine property management firms in Los Angeles
County and is actively seeking retail shopping centers to
professionally manage.
Austin joined NewMark Merrill in
May 2010. He will be responsible
for leasing a number of shopping
centers in Los Angeles, Ventura,
Orange and Riverside counties. Previously, Austin was with
O&S Holdings, CB Richard Ellis and The Merrill Companies.
Eva Lopez
Senior Property
Accountant
Eva joined NewMark Merrill
in March, 2009 with over 12
years of retail accounting
experience. Prior to joining the
team, she was employed with
Charles Dunn and Arden Realty. Eva holds a BSC in
Accounting and CPA from University of Santo Tomas in
the Philippines.
Emilia Moreno
Accounts Receivable
& Lease Administration
Emilia holds an AA degree
in Accounting from LA City
College. Prior to joining
NewMark Merrill in April, 2010
she was employed with Dansk Investments.
THANKS
FOR THE TIP!
Thanks for the tip on Paraiso Management.
Kyle Matthews, Marcus & Millichap
Thanks for the tip on Del Amo Plaza Management.
Chris Mailing, Marcus & Millichap
Thanks for the tip on the Walgreen’s Ventu deal
at Thousand Oaks Marketplace.
David Rush, CB Richard Ellis
Thanks for the tip on the Trigild/ Capistrano
Collections deal.
Matt Sullivan, Lee & Associates
Thanks for the tip on the Fresh & Easy deal at Whittier.
Wally Cathey, Fresh & Easy Neighborhood Markets
Thanks for the tip on the Fresh & Easy
deal at Arlington Square.
Linda Haynes, Fresh & Easy Neighborhood Markets
Thanks for the tip on the Fresh & Easy deal at El Cajon.
Don Moser & Jeff Drew, Retail Insite
Thanks for the tip on the Goodwill
lease at Anaheim Town Square.
Joe Miller, CBRE
Thanks for the tip on the dressbarn
lease at Janss Marketplace.
Mike Jensen, Pacific Retail Partners
Santa Barbara County • Ventura County • San Fernando Valley • Los Angeles County • Orange County • San Diego County • Colorado • Chicago
Santa Maria
Lake
igan
Mich
NewMark Merrill Companies
San Juan Capistrano
5850 Canoga Avenue, Suite 650
Woodland Hills CA 91367
Tel (818) 710-6100 Fax (818) 710-6116
www.newmarkmerrill.com
N E W M A R K M E R R I L L C O M PA N I E S P O R T F O L I O
NewMark Merrill
Companies develops,
acquires, manages and
leases commercial
retail shopping centers
throughout California
and surrounding states.
Here are some of the
properties in the
NewMark Merrill
portfolio:
LOS ANGELES COUNTY, CA
Shopping Center
Sq. Ft.
Carson Town Square
59,783
Civic Center Plaza
59,150
Del Amo Plaza
58,126
Food 4 Less
50,254
The Gardens
52,892
Gateway Plaza
17,389
Manhattan Place
56,198
Norwalk Town Square
241,500
Norwalk Wal-Mart
111,830
Park Plaza on Maine
154,219
Tarzana Village
50,136
Westridge Shopping Center
63,529
Fresh & Easy/ Big Lots
35,000
Location
Carson
Norwalk
Cerritos
Wilmington
Hawaiian Gardens
Pico Rivera
Manhattan Beach
Norwalk
Norwalk
Baldwin Park
Tarzana
Canoga Park
Whittier
SANTA BARBARA COUNTY, CA
Shopping Center
Sq. Ft.
Santa Maria Commons
117,363
Location
Santa Maria
VENTURA COUNTY, CA
Shopping Center
Sq. Ft.
Janss Marketplace
455,250
Paraíso at Dos Vientos
72,031
Thousand Oaks Marketplace 155,000
Tri Party
11,146
Location
Thousand Oaks
Newbury Park
Thousand Oaks
Thousand Oaks
ORANGE COUNTY, CA
Shopping Center
Anaheim Town Square
Bristol Warner Marketplace
Bristol Warner Village
Capistrano Collection
Cypress Center
Location
Anaheim
Santa Ana
Santa Ana
San Juan Capistrano
Cypress
Sq. Ft.
378,271
121,679
82,671
24,211
42,263
•
2010
RIVERSIDE/SAN BERNARDINO COUNTIES, CA
Shopping Center
Sq. Ft.
Location
Arlington Square
98,742
Riverside
Citrus Village II
156,000
Corona
Country Club Marketplace
99,500
Chino Hills
The Marketplace on Grove 207,000
Ontario
Rialto Town Center
239,552
Rialto
University Village
178,020
Riverside
Upland Town Square
104,565
Upland
SAN DIEGO COUNTY, CA
Shopping Center
Chula Vista Crossings
El Cajon Town & Country
Elsinore Valley Center
Felicita Town Center
Mesa Town Center
Mission Marketplace
Piazza Carmel
Poway Crossings
San Marcos Village
The Shops at Spectrum
Terra Nova Plaza
Tri-City Crossroads
Sq. Ft.
183,173
53,000
68,838
126,502
140,438
344,009
137,609
114,811
96,606
13,240
310,000
147,000
Location
Chula Vista
El Cajon
Lake Elsinore
Escondido
San Diego
Oceanside
Carmel Valley
Poway
San Marcos
San Diego
Chula Vista
Oceanside
COLORADO
Shopping Center
Broomfield Plaza
Fort Collins Marketplace
Waneka Marketplace
Sq. Ft.
105,064
80,276
93,699
Location
Broomfield
Fort Collins
Lafayette
CHICAGO, IL
Shopping Center
Stratford Crossing
Winston Plaza
Sq. Ft.
358,385
374,527
Location
Bloomingdale
Melrose Park