Brixton Capital, a Brutten Global Company, recently acquired a 126,678 square-foot shopping center called Decatur 215 in Las Vegas, NV. Decatur 215 is located at the corner of North Decatur Blvd. and West Tropical Parkway. The property was sold by Texas-based Weingarten Realty, represented by Ramez Barsoum and Aaron Bettencourt of Reza Investment Group. Brixton Capital represented itself in the transaction.
Completed in 2016, the center is fully leased. Tenants include Target, WinCo Foods, Hobby Lobby, Ross, ULTA Beauty, El Pollo Loco, Chipotle, and numerous others. Bob Emri, CIO of Brixton Capital, says, “Decatur 215 was an excellent opportunity to acquire a recently built, stabilized asset with strong cash yields and below replacement costs.”