Decatur 215 is 100% Leased to a Mix of Regional and National Tenants
Five years after purchasing the property, Brixton Capital, a privately held real estate investment firm, has sold a grocery-anchored, 126,678-square-foot shopping center called Decatur 215. Brixton sold the property, located at the southeast corner of North Decatur Boulevard and West Tropical Parkway in Las Vegas, Nevada, for an undisclosed sum to Decatur Palm Plaza LLC.
Decatur 215 is 100% leased to a mix of national and regional tenants, including: Petco, Hobby Lobby, ULTA Beauty, Sprouts Farmer’s Market, Sleep Number, Blaze Pizza and more. During its ownership, Brixton Capital repaved and restriped the parking areas.
“At the end of our scheduled hold period, Decatur 215 exceeded our return projections,” said Mike Smith, vice president of asset management at Brixton Capital. “We were pleased to identify a 1031 buyer, and now we look forward to our next acquisition and continuing to generate exceptional returns for our investors.”
Lucescu Realty represented the buyer, while Brixton Capital represented itself.
About Brixton Capital
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 San Diego County’s Solana Beach, California, Brixton is led by a team of seasoned 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 $1.5 billion, representing over 10 million square feet of multifamily, retail, and land investments across the United States and Europe. For more information, visit www.brixtoncapital.com.