NewMark Merrill, a Calabasas, California-based retail center owner and developer, recently acquired 172,008-square-foot retail space in Thousand Oaks, California, for $27.4 million. NewMark Merrill bought the property, encompassed two buildings, from Seritage Growth Properties, a New York-headquartered real estate investment trust.
NewMark Merrill Acquires Retail Complex in Thousand Oaks, California
The Developer Bought the 172,008 Square-Foot Retail Center From Seritage Growth Properties
![NewMark Merrill purchased the 172,008-square-foot development at <bsp-property-link href="https://gateway.costar.com/Gateway/Redir/RedirectToProduct.aspx?productId=1&redirUrl=redir%2FDefault.aspx%3FProductMode%3DProperty%26eid%3D6735267" target="_blank" link-data="{"cms.site.owner":{"_ref":"00000164-904d-d794-ad6f-dcff6d680000","_type":"ae3387cc-b875-31b7-b82d-63fd8d758c20"},"cms.content.publishDate":1703183438117,"cms.content.publishUser":{"_ref":"0000018c-1bf3-d716-adac-1ff32aa80000","_type":"6aa69ae1-35be-30dc-87e9-410da9e1cdcc"},"cms.content.updateDate":1703183438117,"cms.content.updateUser":{"_ref":"0000018c-1bf3-d716-adac-1ff32aa80000","_type":"6aa69ae1-35be-30dc-87e9-410da9e1cdcc"},"link":{"attributes":[],"target":"NEW","url":"https://gateway.costar.com/Gateway/Redir/RedirectToProduct.aspx?productId=1&redirUrl=redir%2FDefault.aspx%3FProductMode%3DProperty%26eid%3D6735267","_id":"0000018c-8da4-da19-a5ed-ada4d4f50000","_type":"ff658216-e70f-39d0-b660-bdfe57a5599a"},"linkText":"145 W. Hillcrest Dr.","deepLinkId":"6735267","disableRelation":false,"_id":"0000018c-8da4-da19-a5ed-ada4c3a40000","_type":"a02711fd-84cb-3e05-af9a-9cc94da9728a"}" data-deep-link-type="property" data-deep-link-id="6735267" data-disable-relation="false">145 W. Hillcrest Dr.</bsp-property-link> and <bsp-property-link href="https://gateway.costar.com/Gateway/Redir/RedirectToProduct.aspx?productId=1&redirUrl=redir%2FDefault.aspx%3FProductMode%3DProperty%26eid%3D5852855" target="_blank" link-data="{"cms.site.owner":{"_ref":"00000164-904d-d794-ad6f-dcff6d680000","_type":"ae3387cc-b875-31b7-b82d-63fd8d758c20"},"cms.content.publishDate":1703183663039,"cms.content.publishUser":{"_ref":"0000018c-1bf3-d716-adac-1ff32aa80000","_type":"6aa69ae1-35be-30dc-87e9-410da9e1cdcc"},"cms.content.updateDate":1703183663039,"cms.content.updateUser":{"_ref":"0000018c-1bf3-d716-adac-1ff32aa80000","_type":"6aa69ae1-35be-30dc-87e9-410da9e1cdcc"},"link":{"attributes":[],"target":"NEW","url":"https://gateway.costar.com/Gateway/Redir/RedirectToProduct.aspx?productId=1&redirUrl=redir%2FDefault.aspx%3FProductMode%3DProperty%26eid%3D5852855","_id":"0000018c-8da8-da19-a5ed-ada8438f0000","_type":"ff658216-e70f-39d0-b660-bdfe57a5599a"},"linkText":"199 W. Hillcrest Dr.","deepLinkId":"5852855","disableRelation":false,"_id":"0000018c-8da8-ddf2-a1ee-efbc38b90000","_type":"a02711fd-84cb-3e05-af9a-9cc94da9728a"}" data-deep-link-type="property" data-deep-link-id="5852855" data-disable-relation="false">199 W. Hillcrest Dr.</bsp-property-link> in Thousand Oaks, California. (CoStar)](https://costar.brightspotcdn.com/dims4/default/f0b547c/2147483647/strip/true/crop/2100x1399+0+0/resize/2100x1399!/quality/100/?url=http%3A%2F%2Fcostar-brightspot.s3.us-east-1.amazonaws.com%2Fa3%2Ffd%2F21e9b9bb42a6b2c24dddad13aa4c%2Faerial.jpg)
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