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Chicago & Midwest  + North Side  + Retail  | 

NewMark Merrill Makes Fourth Chicago-Area Retail Buy

Woodland Hills, CA-based NewMark Merrill Companies purchased Bricktown Square, a 292,309-square-foot retail center on Chicago’s Northwest Side, from Bonnie Investment Group for an undisclosed sum. Anchor tenants at the center—NewMark Merrill’s fourth Chicago-area acquisition—include Ross Dress for Less, Harbor Freight Tools, Aldi Stores, XSport Fitness, DD’s Discounts and Farmer’s Best Fresh Market.

 “As we come out of the COVID crisis and retail continues to evolve, NewMark Merrill believes that Bricktown Square is integral to the community and positioned to thrive,” said Sandy Sigal, president and CEO of NewMark Merrill. “We identified this off-market shopping center over two years ago, saw its potential and have been working to acquire it ever since.”

NewMark Merrill was represented in-house by Sigal, Jim Patton, Brad Pearl, Sandra Kist and Susan Rorison. The sellers represented themselves. The center was financed by ReCap, the real estate subsidiary of RGA Real Insurance Group of America.  


Inside The Story

NewMark Merrill’s Sigal

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).