FAQ: NewMark Merrill Companies Sells Rialto Village Shopping Center to Langdon Street Capital

What is the main topic of this announcement?

NewMark Merrill Companies has sold Rialto Village, a 92,000-square-foot shopping center in Rialto, California, to Langdon Street Capital while retaining management of the property.

Where is Rialto Village located?

Rialto Village is strategically located just north of the I-10 Freeway at the corner of Riverside Avenue and San Bernardino Boulevard in Rialto, California, within the rapidly growing Inland Empire region.

Who are the key companies and individuals involved in this transaction?

NewMark Merrill Companies (seller), Langdon Street Capital (buyer), REZA Investment Group (represented both parties), and Commercial Realty Consultants, Inc. (arranged financing). Key individuals include Adam Daneshgar (Langdon Street), Sandy Sigal (NewMark Merrill), and the NewMark Merrill executive team.

What makes Rialto Village significant or noteworthy?

The shopping center was fully leased during the height of the COVID-19 pandemic, delivered under budget, and serves a robust trade area of more than 220,000 residents with strong daytime employment base.

What major retailers anchor Rialto Village?

The center is anchored by Sprouts Farmers Market and includes tenants such as Burlington, Ulta Beauty, Five Below, In-N-Out, Coffee Bean, Cold Stone Creamery, and several other popular retail and service businesses.

Will NewMark Merrill continue to be involved with Rialto Village after the sale?

Yes, NewMark Merrill will continue to manage the property on behalf of Langdon Street Capital, building on their long-standing ownership and management presence in the City of Rialto.

Why is this transaction important for the relationship between the companies?

This sale deepens the collaboration between NewMark Merrill and Langdon Street Capital on enduring, high-performing retail properties and represents their long-term partnership.

What does this transaction say about the Rialto retail market?

According to Langdon Street Capital’s president, there is strong conviction in the Rialto submarket, and Rialto Village embodies the kind of community-driven retail destination that thrives in today’s environment.

How does this fit into NewMark Merrill’s broader portfolio and strategy?

Rialto Village marks the second successful shopping center NewMark Merrill has developed in the City of Rialto, reflecting their commitment to creating meaningful community retail destinations in partnership with the city.

What are the key advantages of Rialto Village’s location?

The property benefits from exceptional visibility, direct freeway access, and serves a robust trade area of more than 220,000 residents supported by a strong daytime employment base.