**Brixton Capital Recapitalizes Grocery-Anchored Retail Centers in Inland Empire and Phoenix**
Brixton Capital has recapitalized two of its grocery-anchored retail properties through a joint venture partnership with real estate private equity firm TriPost Capital Partners. Financial terms of the transaction were not disclosed.
The recapitalized portfolio includes Marketplace Beaumont in the Riverside County city of Beaumont, California, and Palmilla Center in Phoenix, Arizona.
Marketplace Beaumont is a 177,000-square-foot shopping center that is 99% leased and anchored by ALDI. Brixton originally acquired the property in 2021. Palmilla Center, acquired by Brixton in 2018, spans 104,000 square feet and features Fry’s Food & Drug—an established banner under the Kroger brand—as its anchor tenant.
According to Brixton, both properties are strategically situated to benefit from strong demographic and employment growth within their respective submarkets.
“We are thrilled to establish this partnership to continue delivering value to our investors and local communities,” said Marc Brutten, Chairperson of Brixton Capital. “We’re proud of our work operating and upgrading these high-performing shopping centers, and we’re honored that TriPost recognizes that value.”
