US retail and multifamily property group Brixton Capital has added a $100m (€83.5m) nine-building retail centre to its portfolio in Southern California.
Brixton Capital has acquired The Quad at Whittier property located at 13400 to 13582 Whittier Blvd and 8415 to 8330 Painter Ave from an undisclosed seller.
The centre is 95.6% occupied. Originally built in 1953 and expanded in 1965, the property has been consistently updated over the years.
Rob Taylor, Brixton Capital president and CIO, said: “We see The Quad as the heartbeat of Whittier. Our goal is to thoughtfully enhance the center through targeted improvements and curated leasing so it continues to be a place where the community can gather, shop and connect.”
The latest acquisition lifts Brixton Capital’s Southern California retail portfolio to roughly 1.2m sqft. The deal was supported by a $250m retail joint venture formed last year with a private global investment manager.
To read the latest IPE Real Assets magazine click here.
