NewMark Merrill Companies Secures $36 Million Refinance For 1254 Winston Plaza In Melrose Park
1254 Winston Plaza
$36,000,000
$90/SF
Building Size
400,000 SF
Asset Type
Retail
Closing
Jan 7, 2026
About this deal
AI
Winston Plaza is a retail asset located at 1254 Winston Plaza in the Melrose Park market, featuring a total square footage of 400,000. The property has undergone repositioning and expansion since its acquisition in 2008 and includes over 100,000 square feet of additional retail space.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $36,000,000
- Lender: Mutual of Omaha
- Landlord: NewMark Merrill Companies
- Landlord's Representative: Josh Ginsborg & Sandra Kist - NewMark Merrill
- Lender's Representatives: Bryan Gortikov - Gortikov Enterprises; Kostas Kavayiotidis - Pacific Southwest Realty
- Loan Type: Refinance
The refinancing of Winston Plaza was arranged by Pacific Southwest Realty through Wells Fargo. Notable tenants at the property include Ross Dress for Less, JD Sports, and Cermak Fresh Market, enhancing the retail environment within the shopping center.
On the Map
$36,000,000
$90/SF
Retail
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Players
Melrose Park Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93