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Brixton Capital Acquires The Quad at Whittier in $100M Retail Center Acquisition [Los Angeles Times (CA)]
Last ross stores, inc. earnings: 3/3 04:01 pm
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US:NASDAQ Investor Relations: investors.rossstores.com
Located at 13400 to 13582 Whittier Blvd. and 8415 to 8330 Painter Ave., the 314,593-square-foot, nine-building retail center is 95.6% occupied. Its credit tenants include Vallarta Supermarkets, Marshalls, Ross Dress for Less, T.J. Maxx, Dollar Tree, Petco, Michaels, Five Below and Burlington. “We see The Quad as the heartbeat of Whittier,” said Rob Taylor , president and chief investment officer of Brixton Capital, in a statement. “Our goal is to thoughtfully enhance the center through targeted improvements and curated leasing so it continues to be a place where the community can gather, shop and connect.” Originally constructed in 1953, the center was expanded in 1965 with renovations completed over time. Its location near the I-5 and I-605 freeways has consistently supported customer demand, as does the dense and established trade area surrounding the center. The purchase is fueled in part by a $250-million retail programmatic joint venture Brixton established with an undiscl
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