Curated News
By: NewsRamp Editorial Staff
October 28, 2025
NewMark Merrill Sells Rialto Village to Langdon Street Capital
TLDR
- Langdon Street Capital gains a strategic advantage by acquiring Rialto Village, a fully leased Sprouts-anchored center in a growing market with strong freeway visibility.
- NewMark Merrill developed and sold the 92,000-square-foot Rialto Village to Langdon Street Capital while retaining management, maintaining their established presence in Rialto.
- This transaction strengthens community retail infrastructure, providing essential services and employment opportunities for over 220,000 residents in the Rialto area.
- Rialto Village remained fully leased during the COVID-19 pandemic and features popular tenants like In-N-Out and Ulta Beauty in a prime Inland Empire location.
Impact - Why it Matters
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.
Summary
Calabasas-based retail developer NewMark Merrill Companies has successfully sold Rialto Village, a newly constructed 92,000-square-foot shopping center in Rialto, California, to long-time partner Langdon Street Capital. The grocery-anchored center, strategically located just north of the I-10 Freeway at Riverside Avenue and San Bernardino Boulevard, achieved the remarkable feat of being 100% leased during the COVID-19 pandemic. Sprouts Farmers Market serves as the primary anchor, with additional prominent tenants including Burlington, Ulta Beauty, Five Below, In-N-Out Burger, Coffee Bean, Cold Stone Creamery, and several other popular retail and dining establishments. Despite the sale, NewMark Merrill will continue managing the property, maintaining their operational presence in the rapidly growing Inland Empire community.
The transaction represents a deepening collaboration between NewMark Merrill Companies and Langdon Street Capital, with both companies expressing strong confidence in the Rialto submarket. Adam Daneshgar, President of Langdon Street Capital, praised NewMark Merrill as "a premier developer with a proven record of creating vibrant neighborhood projects" and emphasized their conviction in the community-driven retail destination. Sandy Sigal, President and CEO of NewMark Merrill, highlighted that Rialto Village was delivered under budget and fully leased during the height of COVID, reflecting their commitment to creating meaningful community retail destinations in partnership with the City of Rialto. The deal marks the second successful shopping center NewMark Merrill has developed in Rialto, further solidifying their long-standing relationship with the community.
The sale was facilitated by REZA Investment Group, with Reza Etedali, Ramez Barsoum, and Aaron Bettencourt representing both parties, continuing a 35-year partnership between NewMark Merrill and the investment group. Chris Renard of Commercial Realty Consultants arranged the financing for the transaction. Rialto Village benefits from exceptional visibility, direct freeway access, and serves a robust trade area of more than 220,000 residents supported by a strong daytime employment base. Both companies maintain significant portfolios, with NewMark Merrill owning or managing over 110 shopping centers valued at over $3 billion, while Langdon Street Capital owns a diverse portfolio of multifamily, retail, and mixed-use properties valued at more than $600 million across multiple high-growth markets.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, NewMark Merrill Sells Rialto Village to Langdon Street Capital
