Blockchain Registration Transaction Record

NewMark Merrill Sells Rialto Village to Langdon Street Capital

NewMark Merrill sells Rialto Village shopping center to Langdon Street Capital. The 92,000-square-foot Sprouts-anchored center was fully leased during COVID-19.

This transaction demonstrates the continued strength and resilience of well-located retail properties even during challenging economic periods. The successful sale of a fully leased shopping center developed during the pandemic signals confidence in the retail sector's recovery and the long-term viability of community-focused shopping destinations. For consumers, it means continued access to popular grocery and retail options in growing markets, while investors can take note of the sustained value in properly positioned retail assets. The deal also highlights the importance of strategic partnerships in commercial real estate, showing how long-term relationships between developers and capital partners can create successful outcomes even in uncertain market conditions.