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Go-To Retail Location Gets Snapped Up

Madison Marketplace provided NewMark Merrill Companies an opportunity to acquire the dominant grocery-anchored center with strong demographics, co-tenants and location in Fair Oaks.

By Lisa Brown | Updated on December 11, 2017

Madison Marketplace Madison Marketplace is a 258,981-square-foot shopping center located at Madison and Hazel (credit: Loopnet).

FAIR OAKS, CA—NewMark Merrill Companies, a Woodland Hills, CA-based retail shopping center development company, currently owns or manages a portfolio of more than 78 shopping centers in Colorado, Illinois and California, including three centers in the Sacramento area. It has just added another property to its Sacramento roster.

Madison Marketplace is a 258,981-square-foot shopping center located at the southwest corner of Madison and Hazel avenues. It has been acquired for an estimated $46.65 million, GlobeSt.com learns. The seller was TA Realty.

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