Las Palmas Village trades to CA 1031 exchange buyer for $29.4M

ORANGE COUNTY, Calif., April 29, 2026 –  JLL Capital Markets has arranged the $29.4 million sale of Las Palmas Village, a 106,838-square-foot, grocery-anchored retail center in Las Vegas, Nevada.

JLL represented the private seller. The buyer was Brixton Capital.

Las Palmas Village sits at 415 E. Windmill Ln., strategically positioned behind Las Vegas South Premium Outlets and east of Interstate 15. The shopping center's location offers exceptional convenience, just a five-minute drive from Harry Reid International Airport, making it easily accessible for both local residents and visitors to the Las Vegas area.

The 106,838-square-foot retail center, built in 1997, currently operates at 95% occupancy with a strong tenant mix anchored by Vons. Additional tenants include Taco Bell, Wells Fargo and UPS, creating a neighborhood shopping destination that serves everyday needs for the surrounding community.

JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Managing Director Daniel Tyner and Senior Managing Director Gleb Lvovich.

”We continue to see California capital seek opportunity in the Las Vegas market, specifically grocery-anchored and daily needs retail centers,” said Tyner. “Las Palmas is a great neighborhood shopping center with growth potential which made the offering very attractive to investors.”

"This marks our third retail center sale in Las Vegas over the past six months, reflecting the tremendous momentum we're experiencing in the market. We're seeing robust investor demand across all retail formats, from grocery-anchored centers like Las Palmas Village to strip centers and power centers,” added Lvovich. “The depth of buyer interest in Las Vegas retail continues to exceed expectations, and we have several additional opportunities coming to market in the coming quarters.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. 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. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Brixton Capital is a vertically integrated private real estate investment and management firm specializing in retail and multifamily properties across the Western and Southwestern United States. Headquartered in Solana Beach, California, the firm has more than four decades of investment experience and focuses on disciplined value creation through acquisitions, strategic leasing, property enhancements and active asset management. Brixton partners with private and institutional investors and manages a diverse portfolio of approximately $2 billion across the Western states while expanding into select Eastern states.