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| Hannah Curran |
Rialto, CA, Oct. 25, 2023 – Newmark Merrill Companies, Inc., a Calabasas, California-based retail shopping center owner and development company, is pleased to announce the official opening of Rialto Village, a newly developed 96,011-square-foot grocery anchored center located off the San Bernardino Freeway, off the corner of Riverside Avenue and San Bernardino Boulevard in South Rialto, California.
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| Greg Giacopuzzi |
The company hosted a ribbon cutting ceremony for the new center on Friday, October 13th.
Rialto
Village is currently 100% percent leased. Sprouts, Burlington, In-N-Out, and
Quick Quack Car Wash opened last month.
Other merchants scheduled to open in the coming
months include Ulta, Five Below, Mochinut, Red Phoenix Nail Salon, West Coast
Dental, Coffee Bean, Cold Stone, Nekter Juice Bar, Sharetea, The Joint
Chiropractor, AhiPoki Bowl, Every Table, Arrowhead Credit Union, and Mattress
Firm.
This
is NewMark Merrill’s second development in the City of Rialto. They build
the adjoining Wal-Mart anchored Rialto Marketplace, partnering with Pacific
Retail Partners, which adjoins this project, and is also 100% leased.
Many of
the tenants in Rialto Village are the second or third locations in the City of
Rialto, which speaks to the quality of the community.
Darren Bovard
Greg
Giacopuzzi and Darren Bovard of NewMark Merrill
along with Brian McDonald, Walter Pagel, and Hannah Curran of
CBRE secured the leases and are overseeing leasing at the center.
“Rialto
Village is the product of a great working relationship with the City of Rialto,
our long-term investment in the community, as well as exceptional merchants who
want to build or extend their presence in the neighborhood” said Sandy Sigal,
NewMark Merrill Chairman and Chief Executive Officer.
Brian McDonald
“We are very excited that Sprouts decided to build their first location in the area at this site, adding a healthy grocery alternative to this part of the community.
"We are also excited to welcome so many first tier national, regional and local merchants.
Have a center planned, 100%
leased, and built from the period of COVID and in an uncertain economic
environment serves as tribute to the strength of long-term planning and
community relationships that are the center of our development philosophy.”
Contact:
David Ebeling
Ebeling Communications
949.861.8351
949.278.7851 (Cell)
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.”
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