LOS ANGELES, Dec. 2, 2025 –  JLL Capital Markets announced today the $30.5 million sale of Pavilion Shopping Center, a 137,742-square-foot grocery-anchored retail property strategically positioned in Vista's premier retail corridor along State Route 78.

JLL represented the seller, Brixton Capital, in the transaction. Milan Capital Management acquired the fully renovated shopping center. Working on behalf of the new owner, JLL also sourced $19.525 million in acquisition financing.

Located at 1900-98 Hacienda Dr., the open-air shopping center commands exceptional visibility and direct access from SR-78, which carries more than 154,000 vehicles daily. The property sits at the intersection of Hacienda Dr. and South Emerald Dr. within Vista's dominant retail node, surrounded by major retailers including Costco, Home Depot, TJ Maxx and Hobby Lobby within a one-mile radius.

The 95.3% leased property features a diverse tenant roster of internet-resistant retailers anchored by North Park Produce, a specialty grocer. Other notable tenants include Skechers, Dutch Bros Coffee, Daiso, Biolife Plasma Services and Dunn-Edwards Paints. A newly constructed Dutch Bros drive-through pad building was completed in February 2025, adding traffic to the center.

The shopping center spans 10.87 acres and recently underwent extensive capital improvements, including a completely renovated parking lot that was sealed and striped in March 2025.

Pavilion Shopping Center serves an affluent and growing trade area with more than 136,000 residents within three miles averaging household incomes exceeding $131,000. The five-mile demographic radius encompasses over 313,000 residents with average household incomes of $132,737. Additionally, the property benefits from proximity to major employment centers, including Tri-City Medical Center located 1.3 miles away, which serves more than 92,000 patients annually. The medical facility anchors a healthcare corridor that provides consistent daytime population and customer traffic to area retailers.

The JLL Investment Sales and Advisory team was led by Senior Managing Directors Gleb Lvovich, Geoff Tranchina and Managing Director Daniel Tyner. The JLL Debt Advisory team, which secured the financing, was spearheaded by Senior Managing Directors Jeff Sause and John Chun and Associate Allie Black.

“We are extremely bullish on San Diego in general and North County in particular. The combination of limited supply and increasingly affluent demographics positions the region for strong outperformance,” Lvovich said.

Tyner added, “Grocery anchored retail continues to attract strong demand from investors, and North County San Diego has extremely high barriers to entry, further driving opportunity for growth at Pavilion Center.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500^® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

Brixton Capital, LLC ("Brixton") is a San Diego-based, fully integrated real estate investment platform focused on acquiring and repositioning retail and multifamily assets across the Western and Southwestern United States. Established as the opportunistic investment arm of Brutten Global, the family office of real estate entrepreneur and investor Marc Brutten, Brixton builds on more than four decades of experience acquiring, enhancing, and selling over 50 million square feet of real estate across two continents. The firm seeks to generate strong risk-adjusted returns by uncovering value in mispriced opportunities and implementing disciplined, hands-on asset management strategies. Today, Brixton oversees approximately $2 billion in assets and maintains long-standing partnerships with many of the nation's leading institutional investors. For more information, please visit: https://www.brixtoncapital.com/.

Milan Capital Management is a seasoned commercial real estate investment firm that owns, develops, and manages properties in California's prime urban markets. With a legacy dating back to the early 1980s, Milan has navigated various market cycles and successfully created exceptional value for its investors. For more information, visit www.milancap.com.