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Brixton Capital Buys Large Presence at Its Owned Retail Complex

A large presence at retail complex Provo Towne Centre in Provo, Utah, has changed hands for an undisclosed sum. Brixton Capital has purchased the Dillard’s building and parcel, a 206,240-square-foot, two-story building on 12.5 acres. 

Little Rock, Ark.-based Dillard’s sold the structure, and plans to relocate its store. Brixton is in late-stage talks with another national retailer to lease the property, according to a news release.

“This acquisition is critical in our long-term plans for redeveloping Provo Towne Center,” said Brixton Capital President Mark Selman, in that same release. “With our now total ownership of Provo Towne Centre, we can advance our transformation of the entire center into a mixed-use project that will benefit the Provo community for years to come.”

Brixton Capital has owned Provo Towne Centre since 2016.  Renovation of the Dillard’s building for the new retailer will commence this summer.

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