Brixton Capital has sold Marketplace Beaumont, a 187,851-square-foot shopping center in the Inland Empire community of Beaumont, Calif., for $37.5 million.
The seller was a private family trust that originally developed the center.
Completed in 2008, the 91-percent-leased Marketplace Beaumont is anchored by ALDI and is home to major national tenants, including ALDI, Ross Dress for Less, Petco, Bed Beth & Beyond and Best Buy. The center comprises eight buildings that include five drive-through pads occupied by Starbucks, Taco Bell and more.
Marketplace Beaumont has been a strong performer through the pandemic. It is situated on 51.77 acres at 1604, 1693 and 1642 E. Second St. in Beaumont, a Riverside County community east of Los Angeles that is one of the fastest-growing submarkets in Southern California. More than 13,800 new homes have been added since 2018, and there are nearly 24,000 planned or under construction. More than 80,300 residents earning an aver
