Rialto, CA. – Newmark Merrill Companies, Inc., a Calabasas, California-based retail shopping center owner and development company, is pleased to announce the official opening of Rialto Village, a newly developed 96,011-square-foot grocery anchored center located off the San Bernardino Freeway, off the corner of Riverside Avenue and San Bernardino Boulevard in South Rialto, California. The company hosted a ribbon cutting ceremony for the new center on Friday, October 13th.
Rialto Village is currently 100% percent leased. Sprouts, Burlington, In-N-Out, and Quick Quack Car Wash opened last month. Other merchants scheduled to open in the coming months include Ulta, Five Below, Mochinut, Red Phoenix Nail Salon, West Coast Dental, Coffee Bean, Cold Stone, Nekter Juice Bar, Sharetea, The Joint Chiropractor, AhiPoki Bowl, Every Table, Arrowhead Credit Union, and Mattress Firm.
This is NewMark Merrill’s second development in the City of Rialto. They build the adjoining Wal-Mart anchored Rialto Marketplace, partnering with Pacific Retail Partners, which adjoins this project, and is also 100% leased. Many of the tenants in Rialto Village are the second or third locations in the City of Rialto, which speaks to the quality of the community.
Greg Giacopuzzi and Darren Bovard of NewMark Merrill along with Brian McDonald, Walter Pagel, and Hannah Curran of CBRE secured the leases and are overseeing leasing at the center.
“Rialto Village is the product of a great working relationship with the City of Rialto, our long-term investment in the community, as well as exceptional merchants who want to build or extend their presence in the neighborhood” said Sandy Sigal, NewMark Merrill Chairman and Chief Executive Officer. “We are very excited that Sprouts decided to build their first location in the area at this site, adding a healthy grocery alternative to this part of the community. We are also excited to welcome so many first tier national, regional and local merchants. Have a center planned, 100% leased, and built from the period of COVID and in an uncertain economic environment serves as tribute to the strength of long-term planning and community relationships that are the center of our development philosophy.”
On the development NewMark Merrill’s team includes Sandy Sigal, Chairman and Chief Executive Officer; Susan Rorison, Chief Operating Officer; James Patton, Senior Vice President of Leasing & Acquisitions; Sandra Kist, Chief Financial Officer; Brad Pearl, Executive Vice President, Darren Bovard, Senior Vice President of Leasing; Greg Giacopuzzi, Vice President of Leasing and Development, Luca Giovanardi, Vice President of Development and Construction; and Elaine Weiss, Vice President of Development and Construction.
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 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.
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