JLL Brokers $30.5M Sale of Vista's Pavilion Shopping Center to Milan Capital Management

Reuters12-03
JLL Brokers $30.5M Sale of Vista's Pavilion Shopping Center to Milan Capital Management

JLL Capital Markets facilitated the $30.5 million sale of Pavilion Shopping Center, a 137,742-square-foot grocery-anchored retail property in Vista, California. The seller, Brixton Capital, was represented by JLL, while Milan Capital Management acquired the fully renovated center. JLL also secured $19.525 million in acquisition financing for the new owner. The property, located on Hacienda Drive along State Route 78, is 95.3% leased and features a mix of internet-resistant tenants, including North Park Produce, Skechers, Dutch Bros Coffee, and Daiso.

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