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**Brixton Capital Sells Grocery-Anchored Shopping Center in Vista for $30.5 Million**
Brixton Capital has finalized the $30.5 million sale of Pavilion Shopping Center, a 137,742-square-foot, grocery-anchored retail property located at 1900-1998 Hacienda Drive in Vista, California. The fully renovated, open-air shopping center was acquired by Milan Capital Management.
The transaction was brokered by a JLL Investment Sales and Advisory team led by Senior Managing Directors Gleb Lvovich and Geoff Tranchina, along with Managing Director Daniel Tyner. On the financing side, JLL’s Debt Advisory team—comprising Senior Managing Directors Jeff Sause and John Chun, and Associate Allie Black—secured $19.525 million in acquisition financing on behalf of the buyer.
“We are extremely bullish on San Diego in general and North County in particular,” said Lvovich. “The combination of limited supply and increasingly affluent demographics positions the region for strong outperformance.”
Pavilion Shopping Center is currently 95.3% leased. Its anchor tenant, North Park Produce, is a popular specialty grocer. Other key tenants include Skechers, Dutch Bros Coffee, Daiso, Biolife Plasma Services, and Dunn-Edwards Paints.
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