NewMark Merrill Companies Acquires Retail Property In Thousand Oaks For $27.5M

The retail property located at 145 West Hillcrest Drive in Thousand Oaks has been sold for a price of $27,500,000. The property spans across 172,008 square feet and was sold at a price per square foot of $160.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $27,500,000
• Address: 145 West Hillcrest Drive, Thousand Oaks
• Market: Thousand Oaks
• Square footage: 172,008

The buyer of the property is NewMark Merrill Companies, represented by Sandy Sigal, Jim Patton, Brad Pearl, Sandra Kist, and Susan Rorison. On the other hand, the seller is Seritage Retail Group, with Andrea Olshan as their representative.

The brokers involved in the transaction are Jimmy Slusher and Philip Voorhees from CBRE. The lender responsible for financing the deal is Prime Finance, and the mortgage broker is Bryan Gortikov.