RANKED AS
ONE OF THE
2 0 1 3 N E W S L E T T E R
Village at the
Peaks (formerly known as Twin Peaks Mall) is one of the newest additions to NMMC’s already impressive portfolio of shopping centers. Sacramento-based Panattoni
Development Company had recruited NMMC more than three years ago to manage, operate and lease the large enclosed mall property and in January 2012 the company acquired the property. As the new owner, NMMC is focused on the future of this outstanding property.
With its easy access and highly visible location, Village at the Peaks is ideal for customer convenience and retail store sales growth. In Longmont, Colorado
(just 16 miles from Boulder and 37 miles from Denver) the center is immediately next to Colorado State Highway 119 (at Hover Road).
“Village at the Peaks is a well-known retail crossroads in the heart of this vibrant community, and as the new owner, we look forward to strategically repositioning it to offer fresh experiences, including more high-quality shopping, dining and entertainment choices for people here in
Longmont,” stated Allen Ginsborg, Managing Director and
Principal of NewMark Merrill Mountain States.
Regal Entertainment Group is already on board with a
12-screen, 2500+ seat cinema, as is Sam’s Club and Whole
Foods Market. NMMC is actively signing additional tenants to round out the retail, dining and entertainment experience for customers. Once completed, the project will total 480,000 square feet.
NMMC anticipates investing $25-$50 million in this retail destination, repositioning the Village to increase market share and build the center’s brand into one that is recognized and supported by neighboring and far-reaching communities alike.
(Cont. inside)
Once again NMMC has proven its talents in development, property management, leasing and financial analysis by consistently delivering results to a broad scope of property types and retailers. With the grand reopening celebration on March 9,
2013, Park Plaza on Maine, in Baldwin
Park, California, became the latest success story for NewMark Merrill
Companies.
With the anchor store Superior Grocers – among Southern California’s largest independently owned grocery store chains – the center also includes Family
Dollar, Menchie’s Frozen Yogurt and
WaBa Grill... just to name a few of the many retail stores, eateries and services this 165,000 sq. ft. property has to offer.
In February 2011, Superior Grocers (at 56,000 sq. ft.) broke ground and joined existing operators CVS
Pharmacy, Chase Bank and El Pollo Loco at this daily needs shopping center. This would be the beginning of several improvements NMMC would construct at the property, repositioning the asset to dominate the market share of competing nearby grocery-anchored shopping centers. Brad
Pearl, NMMC’s Vice President,
Leasing and Development
(and co-founder of the company), was instrumental in the redevelopment of this community-oriented retail center.
To speed up the Plaza’s renovation, Sandy Sigal, CEO of
NMM C, directed the center’s loan restructuring with
(Cont. inside)
Over 75 Retail Assets
California, Colorado and Illinois
10 Million Square
Feet Total
Integrated approach includes:
Development : a development team with a combined experience of more than 47 years in developing commercial retail projects.
Acquisitions : expertise to evaluate existing shopping centers or land for development within 24 hours, close quickly and pay all cash.
Property Management: complete center maintenance operations, regular site visits, in-house property management team
(more than 20 years of experience in retail management and strategic planning).
Leasing: cold calling, tenant leasing/pre-leasing, lease negotiations, and tenant/contractor coordination.
Financial Services: monthly financial reporting and long term financial planning, including loan restructuring and refinancing.
Design & Construction: control all aspects of structural development (tenant improvements to total redevelopment).
Marketing: cost-effective marketing programs, including innovative onsite promotions and tenant assistance.
City Redevelopment Agency: build relationships between the community redevelopment agency, surrounding communities, and the center’s commercial uses.
5850 Canoga Avenue, Suite 650 • Woodland Hills, CA 91367 • Tel (818) 710-6100 Fax (818) 710-6116 • www.NewMarkMerrill.com
12 SCREENS
2500 + / SEATS
(Village at the Peaks - cont. from cover)
Says Dennis Coombs, Mayor of Longmont,
“The Village at the Peaks redevelopment project is very exciting for the entire city. We were thrilled when NewMark Merrill obtained the property and we have begun a collaborative working relationship with them to revitalize this property into a key entry point to our city.”
“We are delighted to increase our commitment to the Colorado market with this outstanding opportunity to bring additional quality retail to the city of Longmont,” said Sandy Sigal, CEO of NMMC. “For too long, area citizens have been pulled to Boulder or other cities to find entertainment, shopping and great restaurants. We are very fortunate that Allen has developed such a strong working relationship with the city, the community and the remaining tenants to formulate an exciting redevelopment plan.”
2012 PROPERTY
MANAGER OF
THE YEAR:
NewMark Merrill
Companies recognizes employees for their commitment to excellence.
PROPERTY MANAGEMENT
QUARTERLY AWARDS:
Anna Lutz
First Quarter 2012
Anna Lutz
Second Quarter 2012
Julie Treger
Third Quarter 2012
Kyle Koch
Fourth Quarter 2012
FIFTEEN YEAR EMPLOYEES:
James Patton
Director of Leasing &
Acquisitions
Brad Pearl
Vice President, Leasing &
Development, Co-Founder
Jae Chung
Acquisitions & Leasing
Manager, San Diego Division
TEN YEAR EMPLOYEE:
Darren Bovard
Director of Leasing
Ken Hiatt
Julie Treger
Malaika Jenkins
Jose Pena
Gloria Martinez Carter
Gary Abeleda
Elaine Weiss
Mary Wang
Luke McFetridge
Catrina Brannon
Faviola Resendiz
Danielle Bovard
Marian Sloan
Cynthia Gonzalez
Larrissa Harris
Susan Sawall
Brent Sherman
(Park Plaza on Maine - cont. from cover) lender. Sigal then built a solid relationship with the City of Baldwin Park, negotiating and following through with the delivery of a redevelopment plan to revitalize the property’s intersection and build a quality retail center with a $2.5
million makeover. Future improvements planned—and recently approved by the city—include six new monument signs, including an LED reader board and a water feature.
Baldwin Park’s mayor, Manuel Lozano , praised the project and expressed the city’s gratitude for the results of the hard work: “The renovation of the Park Plaza on Maine shopping center is a major step toward the revitalization of downtown Baldwin Park. The refreshed center offers exciting new shopping opportunities. We are thankful for NewMark
Merrill’s investment in Baldwin Park and encourage every resident to come see, and shop at, this magnificent project.”
Park Plaza on Maine (located at the SE corner of Maine Ave and Ramona Blvd) is a shopping center with easy access from several neighboring communities. Not far from the Interstate 605 (the San Gabriel River Freeway) and Interstate
10 (the Santa Monica Freeway), Park Plaza on Maine is a grocery destination for the culturally diverse and convenienceoriented residents of Los Angeles County.
Darren Bovard, NMMC’s Director of Leasing, continues to drive the leasing activity at the Center, while Property
Manager, Brent Sherman, ensures the property is meeting NMMC’s high standards of operation.
Topanga Willows ..........................................9,809
San Vincente Plaza ......................................12,597
PBR Twin Peaks ...........................................14,993
Santa Monica and Centinela Center .......17,227
Luca Giovanardi
Director of Development
& Construction
Karen Saitta
Regional Property
Manager
Clay Toombs
Senior Project
Manager
Villa Norte......................................................19,702
Encinitas Village Square ............................28,085
Hacienda Valley ...........................................28,700
Stanford Court ...............................................31,578
Page Plaza ....................................................36,000
Sepulveda Plaza ...........................................49,420
Lancaster Plaza ............................................52,822
Visalia Center ..............................................59,283
Paseo Marketplace......................................76,924
National Sepulveda Shopping Center......93,593
Elverta Crossing ........................................119,998
Victory Plaza ...............................................132,995
Sylmar Square.............................................137,331
Commonwealth Square.............................141,310
Westlake Village Centre ..........................171,230
Devonshire-Reseda Center.......................182,611
Robert Perez
Portfolio Manager
Shawna Pierno
Property Manager
Greg Giacopuzzi
Leasing Associate
Paul Nanfah
A/R Accountant
Betina Marche
Collection Accountant
D Marie Bernardo
CAM Accountant
Maria Luisa Burbano
Assistant Controller
Araceli Malta
Operations Assistant
Kittery Barrows
Executive Assistant
Kyle Koch
Property Manager
Lisette Ferguson
A/R Accountant
Atif Akbar
Property Accountant
Stacy Emery
Property Manager
Jeff Rosenberg
Assistant Property
Manager
Jaryd Meenach
Leasing Associate
Holly Tartaglino
Collections Assistant
Kumari Prasad
Property Manager
Marie Scott
Receptionist
(San Diego Division)
Brittney Miller
Marketing Assistant
(San Diego Division)
ACQUISITIONS &
DEVELOPMENTS:
480,000 • Longmont, CO
96,219 • Baldwin Park, CA
155,000 • Thousand Oaks, CA
SIGNED LEASES:
If you are interested in one of our locations, please contact:
Brad Pearl or Darren Bovard
Tel: 818-710-6100
Fax: 818-710-6116 bpearl@newmarkmerrill.com dbovard@newmarkmerrill.com
The success of NewMark Merrill Companies can be defined by the passionate, dedicated leadership team; remarkable employee and client loyalty; executive attention to every asset and project; and a strategic vision for brand marketing.
In 1997, NMMC’s Founder, Sandy Sigal , was President and CEO for West
Venture Companies, a home builder and commercial real estate development firm in Burbank, California. He made the decision to start NewMark Merrill
Companies with the firm belief that he had the capability to launch and grow his own company... and with a clear vision for the kind of company he wanted to build.
Walmart Groundbreaking
Corona, CA
Mr. Sigal is also active in community organizations serving on the Board of the Camp Max Straus Foundation. He is also an active member of the Young
Presidents Organization of Santa Monica Bay (YPOSMB) currently serving as Vice-Chairman of Chapter. He is also Regional
Membership Chair of the Pacific Region.
Jim Patton , once the Director of Business Development at West
Venture – and now NMMC’s Director of Leasing and Acquisitions – immediately joined Sigal, as did co-founder Brad Pearl , now Vice
President of Leasing and Development. Their confidence in Sigal and
NMMC is indicative of Sigal’s talent for growing an impressive shopping center portfolio, fostering professional careers, and engendering loyalty to NMMC from both employees and clients.
In 2003, NMMC’s Managing Director (San Diego) John Hickman , opened the company’s San Diego Office, and in 2007, Managing
Director and Principal (Mountain States), Allen Ginsborg , started the company’s Mountain States Division. NMMC soon maintained regional offices in California, Colorado, and Illinois, and was fast becoming one of the industry’s most reputable and award-winning companies.
• #1 of “Top 25 Fastest Growing Private Companies” 2010 – S.F. Valley Business Journal
• Honored as “Champion of the Community” 2011– Conejo Recreation and Park District
• #2 of “Top 25 Commercial Real Estate Developers” 2012 – L.A. Business Journal
• #10 of “Top 25 Property Management Firms” 2012 – L.A. Business Journal
• #13 of “Top 25 Property Management Firms” 2012 – S.F. Valley Business Journal
To meet increasing demand and maximize growth opportunities, Sigal formed LandMark Retail Group, a fullservice development division for retailers. CVS Pharmacy recruited LandMark to grow the CVS store count in 20 market areas in California. In May 2013, LandMark will complete its 40th CVS/pharmacy store opening in Berkley, CA.
With NMMC’s growing reputation as a development expert, Sigal decided to form a shopping center development arm. At the same time, Graham Allchorn , Sigal’s former Director of Leasing at West
Venture, was seeking a partner to acquire and develop shopping centers. Sigal formed NewMark Merrill Development Partners and appointed Graham as Managing Director and Principal.
Sigal’s passion for marketing has been instrumental in bringing
NMMC to the forefront of the industry:
• An award-winning marketing team honored with a Gold Maxi in
2011 and a Silver Maxi in 2007 for B2B Marketing Excellence
• Strategic and cost-effective shopping center marketing programs
Brian Adams (Mid-America Real Estate Corporation)
Buffalo Wild Wings – Stratford Crossing
Doug Alcott (Foremark, Ltd.)
Chuck E. Cheese – Winston Plaza
Al Rodenbostel (ARCORE Real Estate) and
Tyson Fraser (ICON Real Estate)
Anna’s Linens – Winston Plaza
Chris Bobowski (Bobowski & Associates)
Party City – Stratford Crossing
Pat Gilhooly (The Clover Company)
LA Fitness – Glendale Marketplace
Rick Martinez
99 ¢ Only – Southgate Plaza
Ariel Fox (RW Sac, Inc.)
Anna’s Linens – Southgate Plaza
Phil Hicks (David, Hicks & Lampert Brokerage, LLC)
Whole Foods – Village at the Peaks
Don Edrington (SRS Real Estate)
Regal Cinema
Christopher Burton (Legend Retail Group)
Sam’s Club
Food 4 Less Groundbreaking • Wilmington, CA
• Ad campaigns to draw attention to the shopping centers NewMark Merrill owns and manages
• Clear and effective branding of each owned and managed asset
Launched with just three shopping centers in 1997, today NMMC takes pride in a portfolio of over 75 shopping centers, encompassing 10 million sq. ft.
and over $1 billion in value.
To sum up 15 years of hard work and smart ventures, Sigal says this about their success:
“NewMark Merrill Companies has prospered in good and bad markets by treating each center as a personalized entity, with hands-on attention to its position in the communities that surround it. Our portfolio has maintained a stabilized leasing rate of over 93% in the toughest market in decades due to the passion our team has to maximize the value of retail space. Now, more than ever, NewMark’s integrated management, leasing, marketing and accounting expertise are helping those shopping centers it owns and manages to outperform the market and put them in a position to thrive.”
Sacramento
Simi Valley
Tulare
Santa Maria
Woodland
Hills
Glendale
Lancaster
Hemet
5850 Canoga Avenue,
Suite 650
Woodland Hills, CA 91367
Tel (818) 710-6100
Fax (818) 710-6116 www.NewMarkMerrill.com
San Juan Capistrano
N E W M A R K M E R R I L L C O M PA N I E S P O R T F O L I O • 2 0 13
Peru
NewMark Merrill Companies develops, acquires, manages and leases commercial retail shopping centers throughout California, Colorado and Chicago.
NewMark Merrill Property Portfolio:
LOS ANGELES COUNTY, CA
Shopping Center
Carson Town Square
Del Amo Plaza
Devonshire/Reseda
Food 4 Less
The Gardens
Gateway Plaza
Glendale Marketplace
Lancaster Plaza
Levitz
Norwalk Town Square
Norwalk Walmart
Park Plaza on Maine
Tarzana Village
Topanga Willows
Victory Plaza
Westridge Shopping Center
Fresh & Easy/ Big Lots
Sq. Ft. Location
59,783 Carson
58,126 Cerritos
182,611 Northridge
50,254 Wilmington
57,485 Hawaiian Gardens
17,389 Pico Rivera
158,527 Glendale
107,322 Lancaster
58,636 Hawthorne
241,500 Norwalk
111,830 Norwalk
96,219 Baldwin Park
50,136 Tarzana
9,809 Woodland Hills
132,995 North Hollywood
63,529 Canoga Park
49,500 Whittier
SACRAMENTO, CA
Shopping Center
Commonwealth Square
Elverta Crossing
Southgate Plaza
Sq. Ft. Location
141,310 Folsom
119,998 Sacramento
365,000 Sacramento
SANTA BARBARA COUNTY, CA
Shopping Center Sq. Ft. Location
Santa Maria Commons 117,363 Santa Maria
VENTURA COUNTY, CA
Shopping Center
Janss Marketplace
Sq. Ft. Location
455,250 Thousand Oaks
Paseo Marketplace 76,924 Thousand Oaks
Thousand Oaks Marketplace 155,000 Thousand Oaks
Tri-Party 11,146 Thousand Oaks
TULARE, CA
Shopping Center
Visalia Center
Sq. Ft. Location
59,283 Visalia
ORANGE COUNTY, CA
Shopping Center Sq. Ft. Location
Anaheim Town Square 378,271 Anaheim
Bristol Warner Marketplace 121,679 Santa Ana
Bristol Warner Village 82,671 Santa Ana
RIVERSIDE/SAN BERNARDINO COUNTIES, CA
Shopping Center Sq. Ft. Location
Arlington Square
Citrus Village II
98,742 Riverside
156,000 Corona
Country Club Marketplace
Heritage Plaza
The Marketplace on Grove
Page Plaza
University Village
Upland Town Square
99,500 Chino Hills
119,000 Riverside
207,000 Ontario
349,000 Hemet
178,020 Riverside
104,565 Upland
SAN DIEGO COUNTY, CA
Shopping Center
Chula Vista Crossings
El Cajon Town & Country
Lake Elsinore Valley Center
Grand Plaza
Mesa Town Center
Mission Marketplace
Nordhal Marketplace
Piazza Carmel
Poway Crossings
San Marcos Village
The Shops at Spectrum
Terra Nova Plaza
Tri-City Crossroads
Holiday Court
COLORADO
Shopping Center
Arvada Marketplace
Broomfield Plaza
Citadel Crossing
Fort Collins Marketplace
Harvest Junction N & S
Village at the Peaks
Waneka Marketplace
Westlake Village
CHICAGO, IL
Shopping Center
Peru Marketplace
Stratford Crossing
Winston Plaza
Sq. Ft. Location
183,173 Chula Vista
53,000 El Cajon
68,838 Lake Elsinore
356,000 San Marcos
140,438 San Diego
344,009 Oceanside
315,000 San Marcos
137,609 Carmel Valley
114,811 Poway
96,606 San Marcos
13,240 San Diego
310,000 Chula Vista
147,000 Oceanside
19,702 La Jolla
Sq. Ft. Location
164,611 Arvada
105,064 Broomfield
470,000 Colorado Springs
80,276 Fort Collins
335,375 Longmont
480,000 Longmont
93,699 Lafayette
157,000 Greeley
Sq. Ft. Location
362,463 Peru
358,385 Bloomingdale
404,471 Melrose Park
Lake Michigan