Dec
29

NewMark Merrill Wraps Up Phase I of Crenshaw Plaza Redevelopment

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In addition to completing the remodeling of part of the shopping center, the firm has secured a $34 million senior loan for the recapitalization of the project.

Crenshaw Imperial Plaza renderingCrenshaw Imperial Plaza rendering

Inglewood, Calif.—Woodland Hills-based NewMark Merrill Cos., has completed Phase 1 of the $15 million redevelopment of Crenshaw Imperial Plaza, a 304,755-square-foot shopping center located on the southwest corner of Crenshaw Boulevard and Imperial Highway in Inglewood, Calif.

The firm secured a $34.4 million senior loan for the recapitalization of the project. PCCP LLC provided the new loan, while George Smith Partners arranged it. CBRE is working closely with the firm’s leasing team on leasing at Crenshaw Imperial Plaza. CSI Construction Co. is the general contractor, while McKently Malak Architects serve as the architect of the project…

NewMark Merrill Wraps Up Phase I of Crenshaw Plaza Redevelopment

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