Brixton Capital recently signed lease deals with Sprouts Farmers Market and Del Taco at its 358,632-square-foot Rainbow Plaza shopping center located at 861 South Rainbow Blvd. in Las Vegas, Nevada.
Sprouts Farmers Market will occupy approximately 30,000 square feet of space, taking up a portion of a former JCPenney’s box space. Construction is slated to begin soon.
Del Taco has started construction on a drive-through restaurant occupying approximately 2,400 square feet of space on the corner of South Rainbow Blvd. and Alta Drive, located at the north end of Rainbow Plaza. This will revitalize a corner that formerly contained an older jewelry store building that had been vacant for almost 10 years.
“We are pleased to bring two great brands to Rainbow Plaza,” says Eric Li, Vice President of Leasing at Brixton Capital. “Both Sprouts and Del Taco are great options for shopping and dining, making Rainbow Plaza an even more desirable retail center within the Charleston/Rainbow corridor of the City of Las Vegas.”
ROI Commercial Real Estate represented both tenants and landlord in the transactions. Brian Sorrentino represented Sprouts, Todd Boyer and Brian Sorrentino represented Del Taco and Jennifer Ott represented Brixton Capital.
The signing of these two deals adds to the Rainbow Plaza roster of national retailers, which includes anchor tenants Albertson’s, Ross Dress for Less, Home Depot and 24 Hour Fitness.
Brixton Capital is a preeminent private real estate investment firm that seeks to generate outstanding, risk-adjusted returns by unlocking embedded value in commercial real estate transactions spanning all property types. Headquartered in Solana Beach, California, Brixton is led by a team of seasoned real commercial real estate experts with an average of more than 25 years of experience.
Brixton currently owns and operates a portfolio valued in excess of $1 billion, representing over 10 million square feet of retail, multi-family, office, industrial and land investments across the United States and Europe. In 2017, Brixton Capital was ranked as one of the Top 50 Owners by Commercial Property Executive.