N E W M A R K M E R R I L L C O M P A N I E S P O R T F O L I O • S P R I N G 2 0 0 7

NewMark Merrill Companies

• Over 40 Retail Assets• California and

Surrounding States• Over 5,500,000 Sq. Feet

Integrated approach includes:

• Development: a development team witha combined experience of over 45 years indeveloping commercial retail projects.

• Acquisitions: expertise to evaluateexisting shopping centers or land for devel-opment within 24 hours, close quickly andpay all cash.

• Property Management: completecenter maintenance operations, regular sitevisits, in-house property management team(over 15 years of experience in retailmanagement).

• Leasing: long term strategic planning,property acquisition, tenant leasing and pre-leasing, and tenant/contractor coordination.

• Financial Services: regular financialreporting and long term financial planning,including loan restructuring and refinancing.

• Design & Construction: control allaspects of structural development (tenantimprovements to total redevelopment).

• Marketing: cost-effective marketingprograms, including innovative on-sitepromotions and tenant assistance.

• City Redevelopment Agency:build relationships between the communityredevelopment agency, surrounding commu-nities, and the center’s commercial uses.

COLORADOShopping Center Sq. Ft. LocationFort Collins Marketplace 80,276 Fort CollinsSheridan Commons 105,064 Broomfield Summit Square 96,153 Westminster

LOS ANGELES COUNTY, CAShopping Center Sq. Ft. LocationCarson Town Square 59,783 CarsonFAMSA 49,000 Los AngelesFood 4 Less 50,254 WilmingtonThe Gardens 52,892 Hawaiian GardensGateway Plaza 17,389 Pico RiveraHighland Center 56,297 ArcadiaManhattan Place 56,198 Manhattan BeachNorwalk Town Square 241,500 NorwalkNorwalk Wal-Mart 111,830 NorwalkTarzana Village 50,136 TarzanaWestridge Shopping Center 63,529 Canoga ParkBig Lots! 35,000 Whittier

VENTURA COUNTY, CAShopping Center Sq. Ft. LocationJanss Marketplace 455,250 Thousand OaksMarketplace at The Oaks 130,000 Thousand Oaks

ORANGE COUNTY, CAShopping Center Sq. Ft. LocationAnaheim Town Square 378,271 AnaheimBristol Warner Marketplace 121,679 Santa AnaBristol Warner Village 82,671 Santa AnaHarbor Plaza 88,197 Garden Grove

RIVERSIDE/SAN BERNARDINO COUNTIES, CAShopping Center Sq. Ft. LocationArlington Square 85,911 RiversideCitrus Village II 156,000 CoronaCountry Club Marketplace 99,500 Chino HillsThe Marketplace on Grove 207,000 OntarioRialto Town Center 239,552 RialtoUpland Town Square 104,565 UplandUniversity Village 178,020 Riverside

SAN DIEGO COUNTY, CAShopping Center Sq. Ft. LocationChula Vista Crossings 183,173 Chula VistaFelicita Town Center 126,502 EscondidoMesa Town Center 140,438 San DiegoMission Marketplace 344,009 OceansidePiazza Carmel 137,609 Carmel ValleySan Marcos Village 96,606 San MarcosThe Shops at Spectrum 13,240 San DiegoTerra Nova Plaza 310,000 Chula VistaUniversity Square 181,999 San Diego

CHICAGO, ILShopping Center Sq. Ft. LocationStratford Crossing 358,385 Bloomingdale

NewMark MerrillCompanies develops,

acquires, manages andleases commercial

retail shopping centersthroughout California

and surrounding states.Here are some of the

properties in theNewMark Merrill

portfolio:

5850 Canoga Avenue, Suite 650 • Woodland Hills CA 91367 • Tel (818) 710-6100 Fax (818) 710-6116 • www.newmarkmerrill .com

About NewMarkMerrill Companies

[Continued inside]

The home of the world’s greatest deep dish pizza, the Cubs and SearsTower is now also the home of NewMark Merrill Companies first Chicagoacquisition. Early this year, NewMark Merrill Companies announced anexciting company-first, and a bold introduction to The Second City. In adeal worth $46 million, NewMark Merrill Companies, in partnership withlocally based - GMX Real Estate Group, recently acquired Stratford Plaza,a 358,000 square-foot shopping center located in Bloomingdale, anestablished suburb of Chicago, Illinois.

“This is our first shopping center in Chicago,” stated NewMark Merrill Companies President and CEO Sandy Sigal.“We are extremely excited about the acquisition of Stratford Crossing formally Stratford Plaza, which is situated in oneof the most desirable retail locations within its trade area.”

Three Colorado centers are latest NewMark Merrill acquisitions

NewMark Merrill Companies hasacquired three shopping centerslocated in fast-growing, affluentDenver suburban areas, represent-ing the Companies’ first-time entryinto the Colorado market.

Summit Square in Westminster, CO(pop. 155,000), is a Safeway-anchored centerlocated at 84th Avenue and Federal Boulevardthat was purchased by NewMark Merrill for$8.35 million. Built in 1979 and renovated in2003, the center has 96,153 square feet ofretail space on 10.75 acres, with 95% current-ly occupied. Additional Summit Square retailersinclude Wells Fargo, Taco Bell, Baskin Robbins,H&R Block, World Savings, Panda Buffet,Department of Motor Vehicles and 14 others.

Sheridan Commons, located at 120th andSheridan Boulevard in Broomfield, CO (pop.84,000), was built in 1979, renovated in2005, and consists of 105,064 square feet on10.70 acres. It was acquired by NewmarkMerrill for $10.2 million. In addition toanchor Hobby Lobby, the Center has 18 otherretail tenants, including Hallmark, Black JackPizza, UPS Store, Sherwin Williams andTuesday Morning.

Albertson’s-anchored Fort Collins Marketplacewas built in 1981 in Fort Collins, CO (pop.128,000), an area that has attracted such big-name employers as Hewlett-Packard, EastmanKodak and Agilent. Other tenants are FamousFootwear, Country Cleaners, Cottonwood

NewMark Merrill Companies Acquires Its First Center in ChicagoNewMark Merrill Companies Acquires Its First Center in Chicago

By the LA Business Journal every year since 1997.S P R I N G 2 0 0 7 N E W S L E T T E R

Liquors, and an additional 13 retailers. Cottonwood Cornersis located at College Avenue and Horsetooth Road on 7.149acres, with 80,276 square feet of retail space. The purchaseprice was $9.1 million.

“We are extremely excit-ed about the acquisitionof these three Coloradoretail locations, due tothe upside potential anddesirability of the localtrade areas,” statedSandy Sigal, Presidentand CEO of NewMarkMerrill Companies. Allthree acquisitions werecompleted in partnership with Fort Collins-based AllenGinsborg, founder of Pacific Retail Partners, who has recent-ly partnered with NewMark Merrill Companies to buy, devel-op and lease shopping centers in Colorado (see page 2).“We have worked with Allen Ginsborg for twenty years andwere looking for opportunities to partner with him. Thesethree acquisitions gave us an opportunity to bring NewMarkMerrill’s skill set together with the proven success of AllenGinsborg in Colorado, an area we believe presents greatopportunity for our company,” Sigal concluded.

Summit Square, Westminster, CONewMark Merrill Companies5850 Canoga Avenue, Suite 650

Woodland Hills CA 91367

Tel (818) 710-6100 Fax (818) 710-6116

www.newmarkmerrill.com

NewMark Merrill Companies

Mark is responsible for the dailyoperations of the propertiesunder management by InvestorsProperties of Colorado, LLC.This includes all tenant relations,maintenance programs, vendor

contracts, lease administration, capital improvementplanning and tenant finish coordination.

Prior to being at Investors Properties of Colorado,Mark was the Director of Property Management forInvestors Group of Companies. He over saw the man-agement of over 1,000,000 square feet of office,retail and industrial properties in Colorado andArizona. Mark started his real estate career in 1984,working for Helmsley-Spear and Inland Real Estate inChicago. After moving to Colorado in 1989, he hasmanaged properties for The W.W. ReynoldsCompanies, and Starr Realty.

Mark graduated from Western Illinois University in1979. He is a licensed real estate broker in Colorado,earned a CCIM designation in 1994 and is workingon obtaining a CPM designation.

NEW MANAGEMENT:Chula Vista Crossings183,783 Sq. Ft., Chula Vista, CA

University Village178,020 Sq. Ft.Riverside, CA

San Marcos Village96,606 Sq. Ft.San Marcos, CA

Westridge Shopping Center63,529 Sq. Ft.Canoga Park, CA

ACQUISITIONS &DEVELOPMENTS:The Marketplace on Grove207,000 Sq. Ft., Ontario, CA

Rialto Town Center 239,552 Sq. Ft., Rialto, CA

Stratford Crossing358,000 Sq. Ft., Bloomingdale, ILL

Upland Town Square104,565 Sq. Ft.Riverside, CA

REDEVELOPMENTS:Carson Town Square110,000 Sq. Ft., Carson, CA

Arlington Square85,911 Sq. Ft., Riverside, CA

RENEWALS:Payless Shoe SourceArlington SquareRiverside, CA

AllstateWells FargoNorwalk Town Square Norwalk, CA

Payless Shoe SourceSupercutsMidasAnaheim Town SquareAnaheim, CA

A Glimpse at Marketing

Mark LockwoodJoins the Colorado Team

NewMark Merrill Companies Acquires...[Continued from cover]

If you are interested in one of our locations, please contact:Brad Pearl or Jim Patton Tel: 818-710-6100 • Fax: 818-710-6116

bpearl@newmarkmerrill.com jpatton@newmarkmerrill.com

The GardensHawaiian Gardens, CA

Mission MarketplaceOceanside, CA

SIGNED LEASES:

Bristol Warner VillageSanta Ana, CA

Norwalk Town SquareNorwalk, CA

Janss MarketplaceThousand Oaks, CAEdible ArrangementsBorealis Expedition

Marketplace on GroveOntario, CA

Allen Ginsborg, an industry veteran withover 20 years’ experience in commercialreal estate, has partnered with NewMarkMerrill Companies to assist in the purchaseand development of retail shopping centersin selected Colorado market areas. Mostrecently, Ginsborg was instrumental in theCompanies’ acquisition of three shoppingcenters representing over 300,000 squarefeet of prime real estate in the affluentDenver suburbs of Westminster, Fort Collinsand Broomfield. It was a first-time ventureinto the burgeoning Colorado retail marketfor NewMark Merrill Companies.

When it comes to developing shopping centers that are both spectacular and hugely successful, we can’thelp falling in love with what we do. Like the 110,000 square-foot Thousand Oaks Marketplace that’sprimed for action at the intersection of Ventu Park and Highway 101. With a nearby, affluent community of61,921, a steady stream of 156,000 cars passing by every day and a powerful appeal to Thousand Oaks

and Newbury Park where the average income is over $95,000, it offersan incredible opportunity for retailers who really want to make it big.So give us a call at 818-710-6100 and say “I do” to what we’ve donewith Thousand Oaks Marketplace. Thank you very much.

For more info, contact our man in Blue Suede Shoes: Brad Pearl (818) 710-6100 bpearl@newmarkmerrill.com

Development • Acquisitions • Property Management • Leasing • Financial Services • Design & Construction • Marketing • City Redevelopment

When you love shopping centers, it shows.

www.newmarkmerrill.com

When you love shopping centers, it shows.

See our ads in California Centers Magazine &Shopping Center Business.

Phil Voorhees, Pat Toomey & Todd Goodman of CB Richard EllisFor working with us on the sale of Tower Plaza Center.

Ron Pepper of Retail Insite For working with us on the Henry’s, Oceanside deal.

Matt Sullivan & Bob Hoyt of Colliers-SeeleyFor working with us on the acquisition of the Big Lots! In Whittier.

Phil Voorhees & Patrick Toomey of CB Richard Ellis & Mike Jenson of Pacific Retail PartnersFor the acquisition of the Upland Town Square Shopping Center.

Andy Goodman & Kevin Mottlowitz of GMX, along with Mike George & Joe Gerardi of Mid America Real Estate GroupFor their roles in the acquisition of the Stratford Crossing.

John Still & Brian Quinn of Flocke & AvoyerFor referrals on San Marcos Village and Chula VistaCrossings management assignments.

Pete Bethea of Burnham Retail Group For working with us on the sale of University Square.

Joe Meyer of Pacific Retail Partners For the acquisition of Rialto Town Center.

Richard Rizika of CB Richard Ellis For the CVS Pharmacy introduction.

As co-founder of California-based Pacific RetailPartners, Ginsborg has developed or leasedover 15 million feet of shopping center spacein California and Colorado. Pacific Retail partnersalso has offices in Fort Collins, CO, Riversideand Long Beach, CA, providing a wide varietyof services for retailers looking to relocate exist-ing store or open new stores. These servicesinclude strategic planning, market and siteanalysis, contract negotiations and coordinationof the entitlement process.

Ginsborg began his career at CB Commercial,where he was twice a member of the ColbertColdwell Circle ranking 13th and 35th nationallyamong all CB Commercial brokers. From 1993to 2003, Allen represented The Home Depot intheir Colorado expansion assisting them withover 30 new locations. He also ran the nationalretail development group for CatellusDevelopment, at one time the largest privatelandowner in California. In 2006 Allen leasedand co-developed a 500,000 square foot,Target anchored, power center in the CenterraMaster planned community in Loveland, CO.

Located at the center of the Stratford CrossingRegional Trade Area, Stratford Crossing is situat-ed on the southwest corner of Gary Avenue andSchick Road in Bloomingdale, approximately 20miles northwest of the downtown loop. This TradeArea serves as the main retail option for manyof the surrounding communities. StratfordCrossing is currently 96.4% leased to a broadrange of merchants, including Dominick’s, BigKmart, The Sports Authority, and PetSmart.

The negotiating team consisted of Sandy Sigaland Jim Patton, NewMark Merrill’s Director ofLeasing & Acquisitions, Andrew Goodman andKevin Mottlowitz of GMX Real Estate Group, LLCand Joe Girardi and Mike George of Mid-America Real Estate Investment Sales Group.

“This acquisition represents NewMark Merrill’sexpanding reach into exciting new marketsacross the country,” says Mr. Sigal. “We’re grow-ing strong, and are committed to being an activemember in the community.”

F O R T H E T I P !

NewMark Merrill Companies5850 Canoga Avenue, Suite 650

Woodland Hills CA 91367

Tel (818) 710-6100 Fax (818) 710-6116

www.newmarkmerrill.com

Allen Ginsborg is a Phi Beta Kappa graduate of UCLA who cut his teethat CB Commercial for ten years before founding Pacific Retail Partnerswith Joe Meyer in 1993. He recently partnered with NewMark Merrillto buy, develop and lease shopping centers in Colorado. During twenty-four years in the shopping center industry, Allen has completed over1000 shopping center transactions valued in excess of $1 billion.

Allen Ginsborg teams up with NewMark Merrill Companies

New partner Allen Ginsborg to facilitate expansion into Colorado

“This strategic partnership willcapitalize on the proven successof NewMark Merrill’s business

philosophy and provide theopportunity to grow business

in Colorado.”– Allen Ginsborg

NewMark Merrill is proud toannounce that Michael Mendezwas selected as the firmsProperty Manager of the Year

for 2006. This award is a direct result of Michael’s sterlingperformance, dedication and contributions to the growth andsuccess of which he is an integral part. Michael has been withthe firm 3 years and started as an Assistant Property Manager.

Managerof the year

Direct Mail On a quarterly basis, coupon booksare mailed to between 10,000 and25,000 homes depending on thesize of the shopping center. Thecoupon books inform the communityof upcoming events and promotionsas well as offering substantial savings

from many of the merchants. Redemption of the coupons are collected for a periodof time after each distribution. If a retailer is not experiencing high coupon redemption,the NewMark Merrill marketing team helps that retailer work on a better offer thatwill bring customers to the store. On average the direct mail program produced byNewMark Merrill receive a redemption rate between 7-12% which is very high incomparison to the industry standard of 2%.

Light Pole BannersNewMark Merrill’s goal is to give each of its center’s atop of mind priority as the place to go in the community.Light pole banners are designed to help the communitiesvisualize the centers identity. They bring attention to acenter as one drives down the street while letting theconsumer understand what they can come to expectfrom a NewMark Merrill shopping center.

Kids Fun ZoneOne Saturday a month, children and their parents are invited

to a shopping center for a FREE craft that a child makes andshares with their family. NewMark Merrill provides thisopportunity for children because being a good partner tothe community is a priority as well as bringing families to

the center. When a child takes part in creating their ownFREE craft, they sign up to become a KIDS FUN ZONE

member. They are then given a membership card and theirparents receive a special discount flyer that enables them to receive discounts fromparticipating merchants on craft day. In order to bring these families back to thecenter, a quarterly newsletter is created and distributed to the Kids Fun Zone membersreminding them of upcoming FREE crafts and special events at the center.

Property LogosIn order to brand and bring name recognition to our centers,our first project when acquiring a center is to develop alogo. A logo is a great means by which customers canidentify the shopping center. Once developed, it isincorporated into all forms of advertising. Our logos areaesthetically appealing and provide an easy way for customers to identify the center.