Calabasas, CA. (March 27, 2024) – NewMark Merrill Companies, Inc., a Calabasas, California-based retail shopping center owner and development company, announced that it has acquired the CVS Pharmacy building within Placentia Town Center, a 142,666-square-foot retail center located on the southwest corner of Yorba Linda Boulevard and Kraemer Boulevard in Placentia, California. NewMark Merrill now owns the entire center including the CVS Pharmacy building. Overall, the company currently owns and/or manages over 100 shopping centers across the country.
Placentia Town Center is ideally located in the heart of North Orange County, just northeast of the 91 and 57 freeway interchange. The center is anchored by Marshalls and Ross Dress for Less and features several local and national brands including Massage Envy, Philly’s Best, KC Nails, Avalon Bagels, Courtesy Cleaners, Mr. D’s Diner & Bar, Uptown Cheapskate and Beauty Avenue. With the addition of the 28,800 square foot CVS Pharmacy, the entire 142,666 square foot property is now under one ownership.
“NewMark Merrill believes that Placentia Town Center is integral to the City of Placentia’s community which the company has served for many years,” said Sandy Sigal, President and Chief Executive Officer of NewMark Merrill Companies. “The acquisition of the CVS Pharmacy building allows us to carry out our vision by integrating CVS, having additional development flexibility, and providing a more consistent customer experience.”
NewMark Merrill was represented in-house by Greg Giacopuzzi as well as Tony Veiller of Pegasus Investments.
About NewMark Merrill Companies
NewMark Merrill Companies, Inc. owns or manages a portfolio of over 100 shopping centers valued at more than $3 billion. Since 1987 President and Chief Executive Officer Sandy Sigal has led the company of shopping centers representing over 2,000 tenants and 12 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.