NewMark Merrill Wraps up 385,712 SF in SoCal Property Management Contracts
- Apr 29, 2010
April 29, 2010
By Allison Landa, News Editor
Retail development and property management firm NewMark Merrill Companies has expanded its portfolio by 385,712 square feet. The Woodland Hills, Calif.-based firm has inked five new property management contracts, all on shopping centers in Southern California.
Now under NewMark management are the 58,126 square-foot Del Amo Plaza in Cerritos; the 31,793 square-foot Lemon Creek Village in Walnut; the 154,219 square-foot Park Plaza on Maine Shopping Center in Baldwin Park; the 117,363 square-foot Santa Maria Commons in Santa Maria; and the 24,211 square-foot Capistrano Collection in San Juan Capistrano.
“For over 25 years, NewMark Merrrill Companies has prospered in good and tough markets by (knowing how to operate) centers for long-term value,” NewMark president and CEO Sandy Sigal said when announcing the news. “Now, more than ever, NewMark’s integrated management, leasing, marketing and accounting expertise is helping those centers it owns and manage to outperform the market and put them in position to thrive.”
NewMark has a portfolio of more than 44 shopping centers under ownership or management in California, Colorado and Illinois, with more than 6 million square feet and nearly $1 billion in value. In addition to its Woodland Hills headquarters, the firm has regional offices in Orange County, Ventura County, San Francisco, San Diego County, Colorado and Illinois.