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NewMark Merrill Picks Up Two More Chicago Retail Properties
NewMark Merrill Companies, Inc., a Calabasas, California-based retail shopping center owner and development company, has facilitated the acquisition of Pulaski Promenade, a 122,710-square-foot retail center located on 10.5 acres. Additionally, the firm acquired Midway Square, a 55,332-square-foot retail center, from TRC Retail.
NewMark Merrill was represented in-house by Sandy Sigal, Jim Patton, Brad Pearl, Sandra Kist and Susan Rorison, and the sellers were represented by Rick Drogosz from Mid-America and Danny Spitz and Jason St. John from Greenstone Partners.
With the two acquisitions, NewMark owns and/or operates six properties in the Chicago area, including Stratford Crossing, Winston Plaza, Stony Island Plaza, and Bricktown Square, representing over 1.5 million square feet and over $220 million.
“Despite the current economic climate, we were able to identify, secure financing and close on two properties that we believe are the dominant retail centers in the trade area,” said Sandy Sigal, President and CEO of NewMark.
