Brixmor Property Group is a publicly traded real estate investment trust that invests in shopping centers.
As of December 31, 2024, the company owned 363 shopping centers containing 64 million square feet of retail space. The company's largest markets are Florida (14.0% of revenues), Texas (11.9% of revenues), and California (11.7% of revenues). The company's largest tenants are TJX Companies (3.3% of revenues), Kroger (2.3% of revenues), and Burlington (2.1% of revenues).[1]
History
In late 2003, Centro Properties Group, an Australian shopping center firm, and American-based Watt Commercial Realty formed Centro Watt, a joint venture, and acquired 14 shopping centers in California for $488 million.[2] In 2005, Centro acquired Kramont Reality Trust for $1.2 billion.[3]