Beaumont, Calif. and Phoenix — TriPost Capital Partners has acquired a stake in a two-property, grocery-anchored retail portfolio, in partnership with existing owner Brixton Capital LLC. The first property, Marketplace Beaumont in Beaumont, California, totals 177,000 square feet and is 99 percent occupied. Aldi anchors the center, which includes a mix of other tenants including Ross, HomeGoods and Best Buy. The second property, Palmilla Center in Phoenix, encompasses 104,000 square feet and is shadow anchored by Fry’s Food and Drug. The center is 99 percent leased to retailers such as OfficeMax, PetSmart and Dollar Tree.
This transaction marks the second investment out of TriPost’s Asset Solutions strategy, which focuses on acquiring illiquid ownership stakes in existing real estate assets.