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California  + Inland Empire  + Retail  | 

Brixton Recapitalizes Grocery-Anchored Retail in Inland Empire, Phoenix

Brixton Capital has recapitalized two of its grocery-anchored retail properties in a joint venture partnership with TriPost Capital Partners, a real estate private equity firm. Terms were not disclosed. The portfolio includes Marketplace Beaumont in the Riverside County city of Beaumont and Palmilla Center in Phoenix.

Marketplace Beaumont is a 177,000-square-foot, 99% occupied shopping center anchored by ALDI. Brixton purchased the property in 2021. Palmilla Center, which Brixton acquired in 2018, is a 104,000-square-foot center anchored by Fry’s Food & Drug, a leading Kroger brand. 

Each asset is ideally located to capitalize on strong regional demographic and employment growth trends in its respective submarket, according to Brixton.

“We are thrilled to establish this partnership to continue delivering value to our investors and local communities,” said Brixton Chairperson Marc Brutten. “We’re proud of our work operating and upgrading these high-performing shopping centers, and we’re honored that TriPost recognizes that value.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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