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.

 

JLL Capital Markets closes $13 million sale of the .35-acre student housing redevelopment site at 5505 Lindo Paseo in San Diego, CA

 

Teddy Leatherman

Stewart Hayes CHICAGO, IL– JLL Capital Markets has closed the $12.7 million sale of 5505 Lindo Paseo, the .35-acre student housing redevelopment site located on the south border of campus at San Diego State University, one of the fastest-growing universities on the West Coast with enrollment over 34,000 students. JLL worked on behalf of the seller, Amplify Development Company and Blue Vista Capital Management. An affiliate of Champion Real Estate Company acquired the asset. Scott Clifton  The JLL Capital Markets Investment Advisory team representing the seller was led by Senior Directors Stewart Hayes, Scott Clifton and Teddy Leatherman, Associate Kevin Kazlow and Analyst Jack Goldberger.  Currently serving as a fraternity house, the project is suitable for dense, vertical development.  Situated at 5505 Lindo Paseo, the site is within 100 feet of campus, an eight-minute walk from SDSU Transit Center Green Light and the retail corridor on College Avenue, a four-minute walk from Vejas Arena and one block from sorority and fraternity row.  Residents of this area are within a ten-minute walk of a sizable percentage of the university’s academic facilities, including the School of Exercise and Nutritional Sciences, the SDSU Medical Center, School of Theatre, Television and Film, School of Music and Dance, School of Nursing and the Department of Psychology.   Kevin Kazlow  JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.  Jack Goldberger  For more news, videos and research resources on JLL, please visit our newsroom.   Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413. .        Contact:   Jenna Sharp JLL M +1 214 394 3356 JLL.com