Brixton Capital based in Solana Beach has acquired a Riverside shopping center for an undisclosed price.
The firm bought the 187,851 square-foot Marketplace Beaumont, 1604, 1642, and 1693 E Second St.
The seller was FJ Hanshaw Trust.
Gleb Lvovich and Daniel Tyner of JLL represented Brixton.
FJ Hanshaw Trust represented itself.
The center was 92% leased at the time of sale. Tenants included Aldi, Petco, Ross, Best Buy, Taco Bell, Starbucks, and Bank of America.
Brixton’s renovation plans for Marketplace Beaumont include new paint and lighting as well as resurfacing the parking lot.
“To have the opportunity to acquire a grocery-anchored center with a strong lineup of existing tenants and additional value-enhancing opportunities is very exciting for us,” said Jim Hamilton, Brixton vice president of acquisitions.