Brixton Capital Acquires 103,903-sf Shopping Center in Santee, California
Brixton Capital has acquired Santee Town Center, a 103,903-square-foot shopping center in Santee, California. Brixton purchased the property from Los Angeles-based Union City Investments in an off-market transaction.
Located at 270 Town Center Blvd, the shopping center is 100% leased. Tenants include Ross Dress for Less, Michaels, Big Lots, Sportsman’s Warehouse, Skechers, Dollar Tree and Scripps Clinic, as well as several other neighborhood-servicing tenants.
According to Brixton’s Vice President of Acquisitions Jim Hamilton, “Santee is one of the fastest growing areas of San Diego. Santee Town Center offers us the opportunity to own one of the premier retail centers within the primary shopping hub of this burgeoning community. The center has a great mix of both national brand name and local tenants whose strong performance is a direct reflection on the property’s excellent position within the market.”
Tracey Beal of Parkstone represented the seller in the transaction, while the Brixton Capital was by represented by Sean Cox, Alex Moore, Dan MacLellan and Gene Ventura of Faris Lee Investments.
Mark Selman, president of Brixton Capital, said, “We are grateful to have strong relationships with brokerage firms in the real estate industry to help us find high quality off-market opportunities like Santee Town Center.”
Brixton’s acquisition of Santee Town Center brings its portfolio of retail properties to over 3.4 million square feet. Overall, Brixton owns and operates a portfolio valued in excess of $1.6 billion, representing over 10 million square feet of retail, multi-family, office and land investments across the United States and Europe.
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. For more information, visit www.brixtoncapital.com.