Bricktown Square customer traffic count up 39% since June 2021 acquisition and shopping center now at 98% occupancy
Chicago, IL (April 30, 2025) – NewMark Merrill Companies, Inc., a Calabasas, California based retail shopping center owner and development company, announced today that it will embark on a $1.5 million remodel, refresh, and upgrade of Bricktown Square, a 292,309-square-foot retail center located at the northwest corner of N. Narragansett and W. Fullerton Avenue in Chicago, Illinois. NewMark Merrill acquired the property and currently owns and operates six other retail properties in the Chicagoland area including Winston Plaza in Melrose Park, Stratford Crossing in Bloomingdale, Stony Island Plaza in Chicago, Midway Square in Chicago, Pulaski Promenade in Chicago, and Marketplace at Six Corners in Chicago.
NewMark Merrill will make improvements to the center which will include combining two existing spaces into a single larger space for a new Skechers location at Bricktown Square; completing façade renovations and new paint to the ATI, Harbor Freight and LA Fitness buildings; adding new signage and wayfinding; and painting entire property with a new color scheme. Bricktown Square will also welcome two more new merchants later this year, Okini Buffet and Kinship Health. Since acquiring the property in June 2021, NewMark Merrill has renewed four tenants and generated a 39 percent increase in customer foot traffic to the shopping center, according to Placer.ai. With these new merchant additions, Bricktown Square is now 98 percent leased.
“Residents in Chicago are extremely loyal to retail, embracing the culture and community created at each center,” said Sandy Sigal, President and Chief Executive Officer of NewMark Merrill Companies. “We are confident that the community will be excited about our renovation at Bricktown Square. We continue to look for ways to improve the customer experience at this center and all our properties in the Chicagoland area.”
NewMark Merrill’s team includes President and Chief Executive Officer Sandy Sigal, Chief Development Officer Luca Giovanardi, Construction & Development Director, Robert Mendoza and Construction & Development Project Coordinator, David Rosenthal.
Bricktown Square is ideally located in the northwest side of Chicago and features several key anchor tenants including Ross Dress for Less, Harbor Freight Tools, Aldi Stores, LA Fitness, DD’s Discounts and Farmer’s Best Fresh Market. This retail center has direct exposure to almost 50,000 cars daily. Bricktown Square is located in a densely populated primary trade area comprised of over 373,000 residents with an average household income of over $83,311 within a three-mile radius of the property.
About NewMark Merrill Companies
NewMark Merrill Companies, Inc. owns or manages a portfolio of over 100 shopping centers valued at more than $3 billion. Since 1987, President and Chief Executive Officer Sandy Sigal has led the company of shopping centers representing over 2,000 tenants and 13 million square feet in California, Colorado, and Illinois. The Company has founded and invested heavily in BrightStreet Ventures, its technology company, which is working on leading edge solutions for landlords and tenants to succeed in today’s retail environment. For more information, please visit NewMarkMerrill.com.