NewMark Merrill Trades Melrose Park Space to Cermak Fresh Market
NewMark Merrill Companies has sold a 90,000-square-foot building at Winston Plaza, a 400,000-plus-square-foot community center in Melrose Park, IL. Cermak Fresh Market acquired the building and will open a new grocery store by the end of 2022.
“We continue to look for ways to enhance the customer experience at Winston Plaza and all centers in our portfolio,” said Sandy Sigal, CEO at Woodland Hills, CA-based NewMark Merrill. “Cermak Fresh Market is a best-of-class operator in the Chicagoland area, provides an incredible shopping experience and knows how to connect with each community they have grocery stores in.”
NewMark Merrill was represented in-house by Sigal and Brad Pearl along with Joe Parrott and Sean McCourt of CBRE. Cermak Fresh Market was represented by Dino Geroulis and John Roberson from Axis Realty. Kostas Kavayiotidis at Pacific Southwest Realty helped facilitate the financing.
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 GlobeSt.com 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).
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