San Diego-based Brixton Capital has secured a $250-million programmatic joint venture with an undisclosed global alternative investment manager. The JV, which creates roughly $700 million of acquisition capacity, will help Brixton grow its portfolio of shopping centers throughout the Western U.S.  Property targets include grocery-anchored shopping centers, power centers and limited unanchored centers and strip malls.  

Brixton executed its first deal within the joint venture with its $67.5-million acquisition of Washington Square in Petaluma. The purchase price reflects a value of approximately 60% of replacement cost, and Brixton has planned multiple strategies to enhance value.   

“We are proud to offer our joint venture partner more than 40 years of our experience in West Coast retail and a best-in-class management team,” said Brixton Capital chairman Marc Brutten. “Our established reputation for nurturing tenant relationships and successful track record executing value-add retail investments also underpin our success and helped us secure this investment.”  

Don’t miss Connect Orange County, coming up on Thursday, March 20^th at the Hyatt Regency Irvine. Register to join OC’s leading CRE names and major industry players for an afternoon of insightful discussion panels, presentations, and top-notch networking. Be there to get the expert take on what’s coming to OC for the balance of 2025, across asset classes. www.ConnectOC2025.com