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Brixmor Property Group has acquired the Brea Gateway Center for $85.7 million. The seller was not disclosed, but industry sources show that PNC sold the property.

Located at 101-407 W. Imperial Highway in Brea, California, the shopping center is 13 parcels on 12.5 acres, and has visibility from the highly trafficked road. The property is co-anchored by a Ralphs and Rite Aid, and was 98% leased at the time of the sale. Other tenants include HomeGoods, Cost Plus World Market, Mattress Firm, Taco Bell and Panda Express.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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