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4/23/26
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Brixton Capital has acquired Las Palmas Village, a 106.8k sf shopping center in Las Vegas, for $29.4 mil ($275/sf) in an off-market transaction. The center, located at 445 E. Windmill Lane, was sold by Australia-based Cop Group.
The grocery-anchored shopping center is 95% occupied. The credit tenants occupying the three building pads include Vons, Starbucks, Wells Fargo, Pizza Hut, The UPS Store and Taco Bell. Brixton purchased the center at a significant discount to replacement cost, with clear value-add upside through below-market rents, vacancy lease-up and a comprehensive capital improvement program.
As part of its value-add business plan, Brixton plans to execute a comprehensive capital improvement program to position Las Palmas Village for long-term institutional-quality performance. The improvements will include landscaping, painting, roof repairs, HVAC and parking lot resurfacing upgrades.
Las Palmas Village benefits from exceptional regional connectivity, with direct proximity to the I-15 and I-215 freeways and easy access to Harry Reid International Airport. The center is further positioned to benefit from the Brightline West high-speed rail project currently under construction. The Las Vegas station will be located just minutes away near the I-15/I-215 interchange, which is expected to further accelerate population growth and retail demand in the surrounding submarket.
Dan Tyner, Gleb Lvovich and Geoff Tranchina of JLL represented the seller, while Brixton represented itself in this transaction.
The acquisition comes on the heels of Brixton’s $100 mil purchase of The Quad at Whittier in California earlier this year. Along with Brixton’s five major retail purchases in 2025, the company has positioned itself as one of the top retail investors on the West Coast.
“We are thrilled to be back in the Las Vegas market, where Brixton has a proven track record of creating value in well-located retail assets,” said Brixton Capital President and Chief Investment Officer Rob Taylor. “Las Vegas continues to demonstrate strong fundamental tailwinds — a growing population, rising household incomes and a supply-constrained retail environment that consistently supports occupancy and rent growth.”
Previously, Brixton owned Decatur 215, a 126.7k sf shopping center in Las Vegas that it sold in 2023. Brixton also previously sold Rainbow Plaza, a 260k sf, 60-tenant, Las Vegas-located shopping center anchored by two grocery chains in 2021 after a strategic repositioning.
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