Brixton Capital recently acquired American Fork Center, a 149,922-square-foot shopping center in American Fork, Utah. Located at 648 East State Street, the property is 100% leased. Major tenants include Vasa Fitness, JOANN, Big Lots, Dollar Tree and Del Taco. Brixton purchased the property in an off-market transaction from a partnership between Western Avenue Capital and ALTO Funds.
“American Fork is one of the fastest growing areas of Utah, a market where Brixton has long, successful investment experience,” says to Brixton’s Vice President of Acquisitions, Jim Hamilton. He continues, “This transaction is a great illustration of Brixton’s approach to acquiring retail properties in high-growth markets with value-add opportunities.”
Brixton Capital will upgrade the property through re-painting, parking lot resurfacing, landscaping improvements, and signage upgrades.
Scott Brady and Garrett Blomquist from the Mountain West Commercial Real Estate team sourced the opportunity for Brixton Capital. Mountain West will also serve as the leasing team for the property.
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