NewMark Merrill Companies advised buyer on the acquisition of grocery-anchored center in Central Orange County and will serve as center’s property manager
Fullerton, Calif., (June 23rd, 2022) – As retail real estate continues to recover, a group led by World Premier Investments and advised by NewMark Merrill announced that it has recently purchased Fullerton Town Center, a grocery-anchored, 219,902-square-foot neighborhood retail center located at the intersection of Harbor Boulevard and Orangethorpe Avenue in the Central Orange County city of Fullerton, California.
NewMark Merrill will serve as property manager of center, focusing on high quality tenants, consumer experiences and premier customer service. Currently the company owns and/or manages a portfolio of over 95 shopping centers valued at more than $2.5 billion in California, Colorado, and Illinois.
“NewMark Merrill is always committed to the local community by promoting the businesses and operators as well as supporting the surrounding neighborhood and its residents,” said Sandy Sigal, President and Chief Executive Officer of NewMark Merrill Companies. “We will continue to showcase Fullerton Town Center as an integral place to meet the needs of residents in Central Orange County.”
Reza Investment Group represented the seller in the transaction.
Fullerton Town Center boasts a 98% national tenant base, including industry-leading national anchor tenants Amazon Fresh, Ross Dress for Less, Five Below, WSS and a high-performing AMC Theatre DINE-IN location with exclusive food, beverage, and elevated service offerings. Shadow anchored by a 134,180 square foot Costco, additional national and regional tenants within the shopping center include Chick-fil-A, Jack in the Box, Chipotle, Panera Bread Factory, Habit Burger, Jersey Mike’s Subs, Fast 5 Express Wash, and Banfield Pet Hospital.
About NewMark Merrill Companies
NewMark Merrill Companies, Inc. owns and/or manages a portfolio of over 95 shopping centers valued at more than $2.5 billion. Since 1987, President and Chief Executive Officer Sandy Sigal has led the company of shopping centers representing over 2,000 tenants and 11 million square feet in California, Colorado and Illinois. The Company has founded and invested heavily in BrightStreet Ventures, its technology company, which is working on leading edge solutions for landlords and tenants to succeed in today’s retail environment. For more information, please visit NewMarkMerrill.com.