Chicago — NewMark Merrill Cos. has acquired two retail centers totaling 178,042 square feet in Chicago in separate transactions. The first property, Pulaski Promenade, comprises 122,710 square feet situated on 10.5 acres. Tenants at the center, which was fully leased at the time of sale, include Marshalls, Shoe Carnival, Michaels, Ross Dress for Less, PetSmart, Ulta Beauty and Carter’s. NewMark purchased the property from DRA/Pine Tree. NewMark acquired the second retail center, Midway Square, from TRC Retail. Midway Square features 55,332 square feet and was 92 percent leased at the time of sale. Tenants at the property include Dollar Tree, Chase Bank, T-Mobile and Sally’s Beauty. Sandy Sigal, Jim Patton, Brad Pearl, Sandra Kist and Susan Rorison of NewMark represented the buyer on an internal basis. Rick Drogosz of Mid-America and Danny Spitz and Jason St. John of Greenstone Partners represented the sellers.
NewMark Merrill Acquires Two Retail Centers Totaling 178,042 Square Feet in Chicago