DealPoint Merrill Announces the Acquisition of Tulsa World, a 47,521 Square Foot Warehouse on 2.066 Acres in Tulsa, Oklahoma

WOODLAND HILLS, Calif., Sept. 25, 2019 /PRNewswire/ — DealPoint Merrill, LLC, an owner and operator of value-added real estate opportunities and sponsor of real estate investment offerings acquired a 47,521 square foot former Tulsa World Warehouse on 2.066-acres located in the business and arts district of Tulsa, Oklahoma.

The property has easy access to all major highways; near the Cox Convention Center, Tulsa Performing Arts Center, City Hall and Cain’s Ballroom. DealPoint Merrill plans on developing a $10 million self-storage facility with a scheduled opening for May 2020.

DealPoint Merrill’s executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, President, handled the due diligence for the sale. The acquisition was completed by Jason Limbert and Tyler Bendicksen of DealPoint Merrill.

DealPoint Merrill Acquires Former Kroger Grocery Anchored Shopping Center on 13.5 Acres In Southgate, Michigan

LOS ANGELES, Oct. 2, 2018 /PRNewswire/ — DealPoint Merrill acquires a former Kroger anchored shopping center located on 13.5 acres in Southgate, Michigan. Co-anchors include Logan’s Roadhouse and Dunham Sports.

Located on Eureka Blvd, the major retail and residential corridor in Southgate, with nearby Ford Motors and GM in the greater trade area, the commercial redevelopment will focus on the renovation of the existing shopping center, as well as including an additional 93,000 square foot and a retail pad on the 1.85 acres of a future parcel.  The company’s growing portfolio includes acquiring several vacant big-box properties from Kmart, Albertsons, Kroger, Sears, Shaw’s, Macy’s, Walmart, Giant Eagle and more.

DealPoint Merrill’s executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, President, handled the due diligence for the sale. Jason Limbert of DealPoint Merrill completed the acquisition.

DealPoint Merrill Closed on Its Second Elverta Crossing Shopping Center in Antelope (Sacramento), CA

LOS ANGELES, Nov. 15, 2018 /PRNewswire/ — DealPoint Merrill closed escrow on Elverta Crossing II shopping center in Antelope, CA. The 86,479 square foot retail center on 7.91 acres is adjacent to a previous purchase of the 9.8-acre Elverta Crossing shopping center.

DealPoint Merrill’s acquisition of Elverta Crossing II is contiguous to this latest acquisition and complementary to the repositioning strategy for the Elverta Crossing Shopping Center.

The Shopping Center is located next to Antelope Greens Golf Course, Walmart Supercenter, multi-family homes, and along the retail and restaurant corridor of Elverta and Watt Avenues in Antelope (Sacramento) California.

DealPoint Merrill’s executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, President, handled the due diligence for the sale. Jason Limbert of DealPoint Merrill completed the acquisition.

DealPoint Merrill Continues Its Redevelopment Plans in Richmond Heights, Ohio With the Acquisition of the Former Sears Department Store

LOS ANGELES, Oct. 9, 2018 /PRNewswire/ — DealPoint Merrill continues its redevelopment plans in Richmond Heights, Ohio, where it’s currently redeveloping the former Macy’s department store, by acquiring the former Sears department store located at the Richmond Town Square Mall.

The 248,000 SF Sears department store, vacant since March 2017, is among the two largest anchor stores that are being redeveloped by DealPoint Merrill. The 23 additional acres will be developed into a $70 million, 375-unit Class-A, luxury apartment and mixed-use retail consisting of a 98 key hotel and an 8,000 square foot restaurant. The new apartments will also have ground-level retail, a public park, plaza, and an annex area for additional recreational amenities.

According to DealPoint Merrill, the planned mix use redevelopment of both Sears and Macy’s with additional residential, retail and restaurants will further support Richmond Heights’ long-term growth. People want walkable, live-work, play districts with supporting amenities in urban environments. The new apartments create a win-win environment for the entire community.

DealPoint Merrill’s executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, President, handled the due diligence for the purchase. Jason Limbert of DealPoint Merrill completed the acquisition.

DealPoint Merrill Closed Escrow on Elverta Crossing I, a 109,098 Square Foot Retail Shopping Center on 9.8 Acres

LOS ANGELES, Sept. 11, 2018 /PRNewswire/ — DealPoint Merrill closed escrow on Elverta Crossing I, a 109,098 Square Foot Retail Shopping Center on 9.8 acres. The Center is located next to Antelope Greens Golf Course, Walmart Supercenter and along the retail and restaurant corridor of Elverta and Watt Avenues in Antelope (Sacramento) California.

DealPoint Merrill’s executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, President, handled the due diligence for the sale. The acquisition was completed by Jason Limbert of DealPoint Merrill.

DealPoint Merrill Secures a $6.6 Million Construction Loan for their redevelopment project in Cleveland, Ohio

LOS ANGELES, Sept. 6, 2018/PRNewswire/ — DealPoint Merrill has secured a $6.6 Million construction loan for the redevelopment phase of the Giant Eagle Shopping Center in Cleveland, Ohio. The redevelopment will focus on the renovation of the existing building structures, landscaping and an additional 60,000 square feet of building. Reconstruction is underway and scheduled for a 1Q 2019 grand opening.

DealPoint Merrill’s executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, President, handled the due diligence for the financing.

DealPoint Merrill Secures Bridge Financing for Redevelopment in Five States

LOS ANGELES, June 19, 2018 /PRNewswire/ — DealPoint Merrill has secured bridge financing for the redevelopment phase of projects in Benbrook, Texas, Columbus, Ohio, St. Charles, Missouri, Chandler, Arizona and Saginaw, Michigan.

Collectively the five properties represent nearly 600,000 square feet. After the construction phase was completed and lease up was underway, DealPoint Merrill secured long-term financing for final stabilization.

DealPoint Merrill worked with Cronheim Mortgage to secure approximately $27,000,000 of financing across the five properties.

DealPoint Merrill Closed Another Escrow in Ohio: the Giant Eagle Shopping Center in Cleveland

LOS ANGELES–May 31, 2018–(BUSINESS WIRE)–DealPoint Merrill closed escrow on the 56,500-square-foot former Giant Eagle grocery store on 4.3 acres. The property is centrally located in the retail and business corridor of Cleveland, Ohio.

The redevelopment will focus on the renovation of the existing building structures, landscape and 10,500 square feet exterior drive and restaurant to be constructed on a pad. Redevelopment is scheduled for the 3Q of 2018.

DealPoint Merrill is currently redeveloping the vacant Macy’s department store in Richmond Heights, Ohio, which closed in Q1 of this year.

DealPoint Merrill’s executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, President, handled the due diligence for the sale. Jason Limbert of DealPoint Merrill completed the acquisition.

DealPoint Merrill Announces the Acquisition of 162,190 Square Foot Macy’s Department Store in Richmond Town Square, Richmond Heights, Ohio

LOS ANGELES, CALIFORNIA–(BUSINESS WIRE)–DealPoint Merrill, LLC, an owner and operator of value-added real estate opportunities and sponsor of real estate investment offerings, acquired a 162,190 square foot former Macy’s building on 9-acres, located in the Richmond Town Square Mall in Richmond Heights, Ohio.

The Macy’s department store which has been vacant since 2015, presented an excellent opportunity for redevelopment under the CubeSmart self-storage national brand in addition to 30,000 square feet of additional retail space, with plans for two national restaurant brands for the 9-acre parcel.

“The Macy’s building is a notable addition to our climate-controlled self-storage portfolio and an excellent fit for our co-investment and redevelopment projects throughout the United States,” said David Frank, CEO of DealPoint Merrill.

The City’s Planning and Zoning Committee approved a use variance on November 7, 2017, after months of public meetings. David Frank, CEO and Sterling McGregor, President, appeared before the commission with DealPoint Merrill’s legal counsel, Mr. Kenneth Fisher, who handled the project’s zoning matters.

The redevelopment project will undertake major interior construction and beautification of the surrounding Mall property.  The project is scheduled to begin in the second quarter of 2018.

DealPoint Merrill closed on Gateway Promenade, a 110,000 square foot shopping center in Hammond, Indiana

Los Angeles, CA – December 22, 2016 – DealPoint Merrill closed the 110,000 square foot Gateway Promenade shopping center, centrally located in the retail and business corridor of Hammond, Indiana and is among several in their commercial real estate portfolio to close this year.

DealPoint Merrill’s executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, Chief Investment Officer, handled the due diligence for the sale. The acquisition was completed by Jason Limbert and Andro Torres of DealPoint Merrill.