Woodland Hills, CA. (February 24, 2022) – NewMark Merrill Companies, Inc., a Woodland Hills, California-based retail shopping center owner and development company, announced that it signed Burlington to a 27,726-square-foot lease at Stratford Crossing shopping center, a 361,074-square-foot neighborhood shopping center located at 142 South Gary Avenue in Bloomingdale, Illinois. Burlington is scheduled to open later this year.
Burlington is the latest retailer to come to Stratford Crossing. T.J. Maxx/HomeGoods opened a 49,000-square-foot store in August after signing a lease earlier in the year. HOTWORX, a 24-hour infrared fitness studio, opened at the end of last year and a new lease was recently signed with Milan Laser expected to open soon.
“As the retail industry evolves, we are seeing interest in our properties from a wide range of merchants from traditional big boxes to smaller retailer to medical services to food concepts,” said Sandy Sigal, Chief Executive Officer for NewMark Merrill Companies. “Burlington is a great example of a company appreciating Stratford Crossing’s location, consumer traffic, and complementary tenant mix.”
CBRE’s Joe Parrott, Sean McCourt, and Riley McCarron represented Newmark Merrill Companies in the lease.
Since NewMark Merrill purchased the shopping center, Stratford Crossing has added Mariano’s, PetSmart, T.J. Maxx/HomeGoods and now Burlington as anchors. It features an outstanding tenant mix of key local, regional and national retailers including Hobby Lobby, Party City, Planet Fitness, Shoe Carnival, and Golden Corral. The center is located at Gary Avenue and Schick Road with over 49,000 daily cars and over 103,000 people within three miles of the center. For more information about Stratford Crossing, please visit StratfordCrossing.com and on Facebook at www.facebook.com/StratfordCrossing.
About NewMark Merrill Companies
NewMark Merrill Companies, Inc. owns and/or manages a portfolio of over 90 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 landlords and tenants to succeed in today’s retail environment. For more information, please visit NewMarkMerrill.com.