NewMark Merrill Acquires Land for the Development of Rialto Village Shopping Center ground-breaking in August in Rialto, CA

CAPTION TO COM

 

 Rialto, CA – Newmark Merrill Companies, Inc., a Calabasas, California-based retail shopping center owner and developer, has acquired a 10.92-acre site located just south of the southwest corner of San Bernardino Avenue and Riverside Avenue in Rialto, California where it will break ground this month on Rialto Village, a 96,011-square-foot grocery anchored center.

Hannah Curran 

This new development comes five  years after the firm completed the construction of Rialto Marketplace, an adjacent 239,552-square-foot Walmart-anchored retail center. Completion of Rialto Village is scheduled for the second quarter of 2023.

Sandra Kist

Prior to starting construction, NewMark Merrill pre-leased 97 percent of the shopping center to several premier companies including Sprouts, ULTA Beauty, Burlington, Five Below and In-N-Out.

. Greg Giacopuzzi

The company has one remaining 2,700 square feet suite available for lease. Greg Giacopuzzi of NewMark Merrill along with Brian McDonald, Walter Pagel and Hannah Curran of CBRE secured the leases and are overseeing leasing at the center.

 Brian McDonald

 “NewMark Merrill is grateful for its relationship with the City of Rialto in allowing us to acquire this land and develop Rialto Village for the benefit of the community,” said Giacopuzzi, NewMark Merrill Vice President of Leasing and Development.

“We will continue to ensure that we are a major asset to the neighborhood, its residents and nearby businesses.”

 Sandy Sigal, NewMark Merrill Chairman and Chief Executive Officer continued by saying, “Rialto Village is a great opportunity to continue our connection with the City of Rialto and the overall community. 

 Sandy Sigal

"With over half the tenants adding their second store to the City of Rialto, Sprout’s opening its first store in the area, and with our first shopping center Rialto Marketplace continuing to thrive, we are very excited to break ground on this project. 

. Greg Giacopuzzi

"We are honored to have been chosen by the City of Rialto to purchase and develop this site.”

 On the development NewMark Merrill’s team includes Sigal, Susan Rorison, Chief Operating Officer; Jim Patton, Senior Vice President, Acquisitions; Sandra Kist, Chief Financial Officer; Brad Pearl, Executive Vice President, Leasing & Development; Darren Bovard, Vice President of Leasing; Greg Giacopuzzi, Vice President of Leasing and Development, Luca Giovanardi, Vice President of Development and Construction; and Elaine Weiss, Project Manager, Construction and Development.

 Luca Giovanardi

 About NewMark Merrill Companies

NewMark Merrill Companies, Inc. owns and/or manages a portfolio of over 95 shopping centers valued at more than $2.5 billion.

Since 1987, President and Chief Executive Officer Sandy Sigal has led the company of shopping centers representing over 2,000 tenants and 11 million square feet in California, Colorado, and Illinois.

The Company has founded and invested heavily in BrightStreet Ventures, its technology company, which is working on leading edge solutions for landlords and tenants to succeed in today’s retail environment.                                                                      

 

Contact:  David Ebeling Ebeling Communications 949.861.8351 949.278.7851 (Cell) david@ebelingcomm.com Member of the National Association of Real Estate Editors (NAREE) “PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.” NewMarkMerrill.com.