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.
For comments, questions or concerns, please contact Dennis Kaiser