Brixmor Property Group Inc. announced investment activity for the three and six months ended June 30, 2026.
This activity reflects Brixmor’s disciplined strategy of clustering its portfolio in attractive markets where the company can leverage its platform to deliver long-term value and earnings growth, while harvesting assets where value has been maximized.
“We’ve remained focused on putting capital to work in markets we know best, buying assets where we have conviction in both near-term opportunity and long-term upside,” commented Mark T. Horgan, executive vice president and chief investment officer. “These acquisitions build on our clustering strategy and provide us additional pathways to create value over time through leasing, reinvestment and densification. Notably, the Mayfair Shopping Center transaction was a milestone for the company as we issued OP units to fund an acquisition for the first time in our history, expanding our capital toolkit in a meaningful way.”
Investment Activity
Acquisitions
- During the three and six months ended June 30, 2026, the company acquired four shopping centers for a combined purchase price of $164.3 including:
- Mayfair Shopping Center, an approximately 221,000 square foot grocery-anchored community center located in the affluent Long Island suburb of Commack, New York, for $70.0 million, including approximately $30.5 million of partnership units (“OP units”) of the company’s operating partnership, Brixmor Operating Partnership LP and the assumption of approximately $30.5 million of indebtedness on the property. Mayfair Shopping Center is anchored by Lidl, J.Crew Factory, PGA Tour Superstore, Planet Fitness and Sephora, and complements Brixmor’s 13 other assets on Long Island. The center has significant value creation and remerchandising opportunities, including below-market lease expirations over the next few years, densification opportunities and reinvestment potential to capture outsized tenant demand.
- Jones Crossing, an approximately 163,000 square foot grocery-anchored community center located in the high-growth market of College Station, Texas, home to Texas A&M University, for $46.5 million. Jones Crossing is anchored by a market dominant H-E-B and has significant value creation potential including compelling densification and reinvestment opportunities from approximately 15 acres of undeveloped land at the center. The acquisition strengthens the company’s footprint in the college town with Brixmor’s two other properties and the main campus within approximately two miles of Jones Crossing.
- Vintage Marketplace, an approximately 72,000 square foot grocery-anchored neighborhood center serving a high-traffic retail corridor in the northwest suburbs of Houston, Texas, for $32.7 million. Vintage Marketplace is anchored by a highly productive Whole Foods Market and complements Brixmor’s 26 other assets in the Houston, Texas market. The center has significant value creation opportunities, including near-term leasing of vacancies, as well as below-market in-place rents.
- Stanford Station, an approximately 97,000 square foot neighborhood center located immediately adjacent to the company’s Publix anchored 23rd Street Station and Walmart anchored Panama City Square properties in Panama City, Florida, for $15.1 million.
- Mayfair Shopping Center, an approximately 221,000 square foot grocery-anchored community center located in the affluent Long Island suburb of Commack, New York, for $70.0 million, including approximately $30.5 million of partnership units (“OP units”) of the company’s operating partnership, Brixmor Operating Partnership LP and the assumption of approximately $30.5 million of indebtedness on the property. Mayfair Shopping Center is anchored by Lidl, J.Crew Factory, PGA Tour Superstore, Planet Fitness and Sephora, and complements Brixmor’s 13 other assets on Long Island. The center has significant value creation and remerchandising opportunities, including below-market lease expirations over the next few years, densification opportunities and reinvestment potential to capture outsized tenant demand.
Dispositions
- During the three months ended June 30, 2026, the company generated approximately $15.1 million of gross proceeds on the disposition of two shopping centers.
- During the six months ended June 30, 2026, the company generated approximately $123.0 million of gross proceeds on the disposition of six shopping centers.
