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.