Brixton Buys LA Asset for $100M
This transaction brings the firm's Southern California retail portfolio to 1.2 million square feet.
Brixton Capital has expanded its Southern California holdings with the acquisition of The Quad at Whittier, a 314,593-square-foot shopping center in Whittier, for $100 million. This transaction brought the firm’s retail portfolio in the region to 1.2 million square feet.
The seller was not disclosed but the most recent owner of the 31-acre asset was TRC Retail, according to Yardi Matrix information. TRC had purchased the retail center in December 1996.
Chase Levra and Chris Hoffmann of Eastdil Secured negotiated on behalf of the seller, while Brixton represented itself in the transaction.
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The purchase of The Quad at Whittier was part of a $250 million programmatic joint venture with an undisclosed global alternative investment manager that will help Brixton grow its Western U.S. shopping center portfolio. The partnership investment translates into about $700 million of acquisition capacity. Targets include grocery-anchored shopping centers, power centers and limited unanchored centers and strip malls.
The first deal within the joint venture was the purchase of Washington Square, a 215,500-square-foot shopping center in Petaluma, Calif., for $67.5 million in early 2025. Paragon Commercial Group sold the eight-building, Bay Area property.
Targeting high-quality suburban retail
Located at 13400-13582 Whittier Blvd. and 8415-8330 Painter Ave., The Quad at Whittier was 95.6 percent leased at the time of sale. The center was constructed in 1953 and expanded in 1965, with additional renovations over time. Rob Taylor, president & chief investment officer at Brixton Capital, said in a prepared statement the firm plans to enhance the center with targeted improvements and curated leasing so it remains a shopping and gathering place for the community.
Credit tenants include Vallarta Supermarkets, Marshalls, Ross Dress for Less, T.J. Maxx, Dollar Tree, Petco, Michaels, Five Below and Burlington. Food options include Chili’s, Subway, Ohana Hawaiian BBQ and Maki Yaki Japanese Grill. The property has more than 2,000 parking spaces in a multi-level structure.
The retail center is near interstates 5 and 605, having major street exposure on Whittier Boulevard and State Route 72. Downtown Los Angeles is about 12 miles away.
The property aligns with Brixton’s strategy of investing in high-quality suburban retail centers anchored by daily-needs and destination tenants that generate consistent traffic and stable cash flow. Headquartered in Solana Beach, Calif., the firm operates retail and multifamily properties across a diverse portfolio worth approximately $2.5 billion.
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