NewMark Merrill Assumes Management of Fully Leased Oxnard Retail Center

NewMark Merrill Companies, Inc. has been named to oversee property management of Carriage Square, a 205,565-square-foot retail center located at 301 W. Gonzales Road in Oxnard, California. The appointment expands NewMark Merrill's portfolio to 110 shopping centers across California, Colorado, and Illinois, demonstrating the company's growing influence in retail property management.

Carriage Square, developed in the 1960s and redeveloped in 2011, features a 171,069-square-foot retail pad for Lowe's along with other tenants including KFC, IHOP, O'Reilly Auto Parts, 7 Eleven Convenience Market, Masters Donuts, and Pacific Oaks Credit Union. The center's 100 percent occupancy rate underscores its commercial viability and importance to the local retail landscape.

NewMark Merrill will provide comprehensive property management services including operations support, leasing, accounting, construction and development, and marketing. The company's management approach emphasizes the center's integral role in the Oxnard and Ventura County area, with Lowe's serving as a catalyst for growth while other tenants support daily regional needs.

The strategic location of Carriage Square minutes from the US 101 Freeway provides exposure to thousands of cars daily in Ventura County and those traveling from Central and Southern California. This high-traffic location enhances the retail center's economic impact and reinforces its position as a key commercial hub in the region. For more information about the company's portfolio and services, visit https://NewMarkMerrill.com.

President and Chief Executive Officer Sandy Sigal emphasized the historical significance and economic role of Carriage Square, stating that NewMark Merrill believes in the center's history and its continuing contribution to the local economy. The management appointment represents both a business expansion for NewMark Merrill and a reinforcement of the retail center's established presence in the Oxnard community.