Brixton Capital based in Solana Beach has purchased the former El Cajon Police Station at 100 Fletcher Parkway for $4.2 million.
The company plans on redeveloping the 4.1 acre site into Fletcher Marketplace, a mixed-use project of about 16,000 square feet of retail space and a 60,000 square foot hotel.
Brixton will sell 1.4 acres of the site to Excel Hotel Group, which will build the hotel and Brixton will develop the retail portion.
The retail center is 99 percent preleased to tenants that include In-N-Out, Blaze Pizza, California Fish Grill, Urbane Café and Mattress Firm.
“Retailing is undergoing massive changes, yet there are still exciting opportunities to create environments where customers’ daily needs are met for dining, entertainment and travel accommodations,” said Marc Brutten, chairman and founder of Brixton Capital.
Don Moser and Matt Moser at Retail Insite represented both parties in the transaction and manage leasing for Brixton Capital. Dempsey Construction will be the contractor.