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Brixton Capital Acquires Del Mar Office and Retail Complex
Brixton Capital has acquired Polo Plaza, a 63,629-square-foot, two-building, mixed-use property in Del Mar. Brixton purchased the property for $18.5 million from Dallas-based Lincoln Property Company and Washington, DC-based ASB Investment Management.
Located at 3702 and 3790 Villa De La Valle, Polo Plaza houses a mix of office and retail tenants. It sits across from Surf Sports Park (formerly San Diego Polo Fields) at the gateway between two affluent San Diego communities, Del Mar and Rancho Santa Fe.
“Polo Plaza represents a generational opportunity to purchase a value-add, iconic property in the affluent coastal region of Del Mar,” said Dan Sutherland, managing director of investments at Brixton. “It’s located just off Interstate 5, adjacent to a top-performing business district and close to the heart of San Diego’s leading technology and life science companies.”
Rick Reeder of Newmark represented the sellers, while Brixton Capital represented itself. Brixton plans to improve the façade and common areas at Polo Plaza and lease up the remaining 30% of space.
- ◦Sale/Acquisition
