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Real Estate/Development

Feb. 15, 2017

Brixmor Property Group nabs Escondido shopping center for $48M

The 127,000-square-foot open air shopping center is anchored by a Trader Joe's market. Brixmor plans on using the adjacent parcels it also acquired for future development.

Brixmor Property Group acquired the Felicita Town Center and adjacent property in Escondido for $48 million.

The 127,000-square-foot open air shopping center is anchored by a Trader Joe's market. Brixmor plans on using the adjacent parcels for future development.

Brixmore, a New York-based real estate investment trust (REIT) has increased its overall occupancy by 20 basis points year-over-year to 92.8 percent. The firm's small shop occupancy is lower at 85.1 percent.

It comp...

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