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.