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California  + Orange County  + Retail  | 

NewMark Merrill Acquires Placentia Town Center

Woodland Hills, CA-based NewMark Merrill Companies acquired Placentia Town Center, a 116,832-square-foot shopping center in Placentia, CA. The seller of the property, located at 110-198 East Yorba Linda Blvd., was RPAI. Terms were not disclosed.

NewMark Merrill Companies’ Sandy Sigal says, “Placentia Town Center provided us an opportunity to acquire a well-located center in a dense and affluent neighborhood, with excellent well performing tenants, at below market rents.”

NewMark Merrill was represented in-house by Sigal, Jim Patton, Brad Pearl, Sandra Kist and Susan Rorison, with support by CBRE’s Alex Kozakov. NKF’s Pete Bethea, Rob Ippolito and Glenn Rudy represented the seller.

Developed in 1973 and renovated in 2000, the 96%-leased center is anchored by Marshall’s, Ross Dress for Less and CVS.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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