NewMark Merrill Companies Sees Flurry of Merchant Openings and Leases at Janss Marketplace in Thousand Oaks, California
- The company has now secured seven leases at the shopping center in the past year including ALDI, Five Below, Starbucks, Wingstop, California Fish Grill, The Mighty Axe, and Pieology with several additional pending deals to be announced soon.
Woodland Hills, CA. (July 26th, 2021) – NewMark Merrill Companies Inc., a Woodland Hills, California-based shopping center owner and manager, has seen significant leasing activity at Janss Marketplace, a 458,000-square-foot community center located on the Northwest corner of Moorpark Road and Hillcrest Drive in Thousand Oaks, CA. NewMark Merrill recently announced that it signed Five Below to a 9,850-square-foot lease to neighbor the now open ALDI grocery store that replaced a former Toys R Us space that closed due to bankruptcy. Construction for the Five Below location at Janss Marketplace recently began this month and is scheduled to open in October 2021.
This new lease with Five Below continues the momentum at Janss Marketplace. Starbucks opened a brand-new location at Janss Marketplace with a drive-thru at the end of 2020 and Wingstop opened earlier this year in the first quarter of 2021. California Fish Grill signed a lease for 2,975 square feet and recently opened this month in July. Additionally, The Mighty Axe, an entertainment destination featuring axe throwing at wood targets in a safe and lively environment, signed a lease for 3,281 square feet and has opened this month as well. Finally, Pieology recently signed a lease for 2,200 square feet and is scheduled to open in early 2022.
NewMark Merrill has recently completed the installation of a mural named Conejo by artist Evan Meyer which was inspired by the rich history and abundant presence the cottontail rabbit has in the region as well as the namesake of the county. Janss Marketplace also saw the return of its signature July 4th community event after being cancelled last year after 20 consecutive years due to COVID. In a sign of the excitement from the City, the event welcomed over 3,000 people to the property to enjoy live entertainment, food, games, including an incredibly competitive pie eating contest and a dynamic and patriotic fireworks show.
“As the COVID crisis comes to an end, we remain dedicated to looking for ways to improve our centers and creating a sense of community with new merchants, art, gathering places, events and capital improvements. Having such significant leasing activity, community engagement, and increased traffic at Janss Marketplace reinforces the narrative that we have always believed, that centers that become part of the community and provided opportunities for people to create lasting memories will succeed no matter the times,” said Sandy Sigal, NewMark Merrill President and Chief Executive Officer. “We continue to see increased traffic at Janss and other centers throughout our portfolio as consumers return to having a sense of community.”
Janss features an outstanding tenant mix of key local, regional, and national retailers including ALDI Grocers, Regal Cinemas, DEFY Extreme Air Sports, Old Navy, Starbucks, Buca di Beppo and Gold’s Gym among other local retailers and merchants. The center’s location at the NWC of Moorpark Road and Hillcrest Drive with over 58,000 daily traffic counts in Thousand Oaks with 155,000 people in the trade area makes it one of the most desirable retail locations in Southern California. Thousand Oaks continually ranks as one of the safest U.S. cities for its size by FBI reporting standards. For more information about Janss Marketplace, visit www.janssmarketplace.com and on Facebook at www.facebook.com/JanssMarketplace.
About NewMark Merrill Companies
NewMark Merrill Companies, Inc. owns or manages a portfolio of over 85 shopping centers valued at more than $2 billion. Since 1987, President and Chief Executive Officer Sandy Sigal has led the company of shopping centers representing over 1,800 tenants and 10 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 property owners and merchants to succeed in today’s retail environment. For more information, visit NewMarkMerrill.com.