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Phoenix & Southwest  + Southwest  + Retail  | 
LV's Decatur 215 Shopping Center sells for $36M

Las Vegas Retail Center Trades for $36.3M

Brixton Capital has sold Decatur 215, a 126,678-square-foot shopping center in Las Vegas, for $36.3 million. A private investor purchased the asset in a 1031 exchange. Lucescu Realty brokered the transaction, working on behalf of the buyer.

Commercial Search reports Brixton acquired Decatur 215 five years ago from Kimco Realty for $28.6 million. Completed in 2013, the retail center comprises eight buildings on a 16.2-acre site. Fully leased at the time of the sale, Decatur 215 has a diverse mix of national and regional tenants such as Petco, Hobby Lobby, ULTA Beauty, Sprouts Farmer’s Market, Sleep Number and Blaze Pizza.

Located on the southeast corner of N. Decatur Boulevard and W. Tropical Parkway, the property is in The Springs neighborhood. Decatur 215 is also near Route 95, which provides direct access to downtown Las Vegas.


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Brixton Capital

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Sale/Acquisition