Whittier, Calif. — Brixton Capital has acquired The Quad at Whittier, a 314,593-square-foot, grocery-anchored power center located in Whittier, approximately 20 miles southeast of Los Angeles, for $100 million. A portion of the funding for the acquisition originated from a $250 million retail-focused joint venture between Brixton Capital and an undisclosed global investment firm. Chase Levra and Chris Hoffmann of Eastdil Secured represented the undisclosed seller, while Brixton Capital represented itself in the transaction.
The Quad at Whittier spans nine buildings and was 95.6 percent leased at the time of sale. Tenants include Vallarta Supermarkets, Marshalls, Ross Dress for Less, T.J. Maxx, Dollar Tree, Petco, Michaels, Five Below and Burlington. The center was originally constructed in 1953 and expanded in 1965, with renovations implemented over time.