Curated News
By: NewsRamp Editorial Staff
August 28, 2025

NewMark Merrill Takes Over Management of Oxnard's Carriage Square Retail Center

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TLDR

  • NewMark Merrill gains strategic advantage by managing Carriage Square, a fully leased retail center with prime location and high-traffic exposure in Oxnard, California.
  • NewMark Merrill will provide comprehensive property management services including operations, leasing, accounting, construction, and marketing for the 205,565-square-foot Carriage Square retail center.
  • NewMark Merrill's management of Carriage Square supports local economic growth by maintaining a vital retail hub that serves daily community needs in Ventura County.
  • Carriage Square, developed in the 1960s and redeveloped in 2011, features Lowe's as anchor tenant alongside popular brands like KFC and IHOP in Oxnard.

Impact - Why it Matters

This management transition matters because retail centers like Carriage Square serve as economic engines for local communities, providing essential shopping options, employment opportunities, and tax revenue. For Oxnard residents, having an experienced management company like NewMark Merrill ensures the center remains well-maintained, attracts quality tenants, and continues to meet community needs. The company's track record with over 110 shopping centers suggests they can enhance the property's value and tenant mix, potentially bringing new retail options to the area while preserving existing services that locals depend on daily.

Summary

NewMark Merrill Companies, Inc., a prominent Calabasas-based retail shopping center owner and developer, has been appointed to oversee property management of Carriage Square, a 205,565-square-foot retail center in Oxnard, California. This strategic move expands NewMark Merrill's portfolio to 110 shopping centers across California, Colorado, and Illinois, reinforcing their position as a major player in the retail real estate sector. The company will provide comprehensive property management services including operations support, leasing, accounting, construction, development, and marketing for the fully leased center.

Carriage Square, originally developed in the 1960s and significantly redeveloped in 2011, features Lowe's as its anchor tenant occupying a 171,069-square-foot retail pad, serving as a catalyst for growth in the Oxnard and Ventura County area. Other notable tenants include KFC, IHOP, O'Reilly Auto Parts, 7 Eleven Convenience Market, Masters Donuts, and Pacific Oaks Credit Union, collectively supporting the region's daily retail needs. The center's strategic location at the Northwest corner of Oxnard Blvd. and Gonzales Road, minutes from the US 101 Freeway, provides exceptional exposure to thousands of daily commuters and travelers from Central and Southern California.

President and CEO Sandy Sigal emphasized the center's integral role in the local economy, stating that NewMark Merrill believes in Carriage Square's history and economic significance. This appointment represents another milestone for the company, which has been led by Sigal since 1987 and now manages a portfolio valued at over $3 billion with more than 2,000 tenants across 13 million square feet of retail space. The company's innovative approach includes heavy investment in BrightStreet Ventures, their technology company developing cutting-edge solutions for landlords and tenants in today's evolving retail environment.

Source Statement

This curated news summary relied on content disributed by citybiz. Read the original source here, NewMark Merrill Takes Over Management of Oxnard's Carriage Square Retail Center

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