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NewMark Merrill Acquires Northridge Shopping Center

NewMark Merrill Acquires Northridge Shopping Center

Calabasas, CA-based retail center owner and developer NewMark Merrill has purchased Corbin & Parthenia shopping center, an 84,000-square-foot retail center in Northridge, CA. The acquisition of the shopping center is the eighth NewMark Merrill owns and/or manages in the San Fernando and Conejo Valleys. Terms of the transaction were not disclosed.

The firm plans to enhance the center with investments in deferred maintenance, property upgrades and improvements on the customer experience. NewMark Merrill will also promote the center’s businesses and operators and put together events that cater to the neighborhood.

“Despite the evolving economy, we believe that Corbin & Parthenia is integral to the community, a community our company has resided in and served for almost 40 years,” said NewMark Merrill CEO Sandy Sigal. 

Located just two miles from Cal State Northridge, Corbin & Parthenia features several community-driven tenants including Office Depot, Brent’s Deli, Finmark Floor Coverings, Northridge Beauty Bar and Yaheli Skin Care Products.

Access essential CRE insights from retail market leaders like Greenberg Glusker Partner Kenneth FieldsJoin us in person at Connect LA on May 3 in the Hotel Indigo.


Inside The Story

NewMark Merrill's Sandy SigalCorbin & Parthenia Shopping Center

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

  • ◦Sale/Acquisition