Vista, Calif. — Brixton Capital has sold Pavilion Shopping Center, a 137,742-square-foot open-air, grocery-anchored retail center located in Vista, approximately 34 miles north of San Diego. Milan Capital Management acquired the property for $30.5 million
At the time of sale, the nearly 11-acre property was 95.3 percent leased to various tenants, including North Park Produce, Skechers, Dutch Bros Coffee, Biolife Plasma Services and Dunn-Edwards Paints. The Dutch Bros drive-thru pad building was completed in February 2025. Additionally, the property underwent extensive capital improvements, including a completely renovated parking lot that was sealed and striped in March 2025.
Gleb Lvovich, Geoff Tranchina and Daniel Tyner of JLL represented the seller. Jeff Sauze, John Chun and Allie Black of JLL secured $19.5 million in acquisition financing for the buyer.