NewMark Merrill Co. Acquires Retail Building In Placentia For $8.22M

A 28,800 square foot retail building, located at 150 Yorba Linda Boulevard in Placentia, California, was recently sold for $8,225,000. The property is part of the Placentia Town Center, a 142,666 square foot shopping center anchored by Marshalls and Ross Dress for Less.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $8,225,000
• Buyer: NewMark Merrill Companies represented by Jim Patton & Greg Giacopuzzi
• Seller: Two-Forty Associates
• Broker: Tony Veiller - Pegasus Investments Real Estate Advisory
• SF: 28,800
• PPSF: $286

Jim Patton and Greg Giacopuzzi represented NewMark Merrill Companies as the buyers in the transaction, acquiring the retail building occupied by CVS Pharmacy. On an off-market basis, Pegasus Investments Real Estate Advisory Inc., led by Tony Veiller, facilitated the sale. The Placentia Town Center now boasts full ownership of the entire 142,666 square foot property following the addition of the CVS Pharmacy building.