SD Metro- Brixton Capital Affiliate Acquires Del Mar Plaza; Plans Revitalization
Daily Business Report
By SD Metro Magazine
An affiliate of Brixton Capital has purchased the Del Mar Plaza from Munich, Germany-based GLL Real Estate Partners for an undisclosed sum. Del Mar Plaza is located at 1555 Camino Del Mar at 15th Street in Del Mar.
Brixton said it plans to revitalize and reimagine the well-known center by modernizing and elevating the overall appearance, tenant mix and community outreach in order to better meet the needs of local residents and visitors.
“The shopping center was built with a tremendous amount of community input in a timeless and irreplaceable location,” said Marc Brutten, chairman of Brixton Capital and long-time resident of Del Mar. “The Plaza now needs to re-capture that original sense of community purpose with a more defined tenant mix and active event calendar.”
A major part of Brixton’s plan for the center will be attracting greater community involvement in the center with frequent events and entertainment activities on the plaza level patio with its surrounding vista of the Pacific Ocean.
Eastdil Secured represented both parties in the sale.
San Diego Metro Magazine
Posted on Fri, February 3, 2017
by Sarah Austin