Las Vegas — Brixton Capital has purchased Las Palmas Village, a 106,838-square-foot shopping center in Las Vegas, from Australia-based Cop Group for $29.4 million. Vons anchors Las Palmas Village, which was 95 percent occupied at the time of sale. Additional tenants include Starbucks Coffee, Wells Fargo, Pizza Hut, The UPS Store and Taco Bell.
Brixton plans to implement a capital improvements program, with renovations such as landscaping, new paint, roof repairs, HVAC and parking lot resurfacing upgrades.
Dan Tyner, Gleb Lvovich and Geoff Tranchina of JLL represented the seller, while Brixton was self-represented in the off-market transaction. Previously, Brixton owned Decatur 215, a 126,678-square-foot shopping center in Las Vegas, which it sold in 2023. The acquisition of Las Palmas Village marks the company’s return to the Las Vegas market.