Brixton Capital Forms Joint Venture with TriPost to Recapitalize Two High-Performing Retail Centers

Brixton Capital, a vertically integrated operator of retail and multifamily properties, recapitalized two of its grocery-anchored retail properties in a joint venture partnership with TriPost Capital Partners. TriPost is a real estate private equity firm focused on partnering with established middle market real estate operating and development companies.

The portfolio includes Marketplace Beaumont in Beaumont, California and Palmilla Center in Phoenix, Arizona. Marketplace Beaumont is a 177,000-square-foot shopping center that is 99% occupied and anchored by ALDI. It includes a premium lineup of national retailers including Ross, HomeGoods and Best Buy. Brixton purchased the property in 2021.

Palmilla Center is a 104,000-square-foot center anchored by Fry’s Food & Drug, a leading Kroger brand, that Brixton purchased in 2018. Palmilla is also 99% occupied and features national tenants such as OfficeMax, PetSmart and Dollar Tree.

Each asset is ideally located to capitalize on strong regional demographic and employment growth trends in their respective submarkets.

“We are thrilled to establish this partnership to continue delivering value to our investors and local communities,” said Brixton Chairperson Marc Brutten. “We’re proud of our work operating and upgrading these high-performing shopping centers, and we’re honored that TriPost recognizes that value.”

Brixton maintains a strong track record of developing vibrant shopping environments in thriving markets throughout the Western U.S. In addition to this recapitalization, Brixton has acquired five shopping centers in 2025 alone, including Carmel Mountain Gateway Plaza, The Market Mountain House, Washington Square, Elk Grove Village and Civic Center Plaza.