The Firm represented Brixmor Property Group Inc. in connection with a $683 million secondary offering, consisting of 28,750,000 shares of common stock (including 3,750,000 shares sold pursuant to the underwriters’ full exercise of their option to purchase additional shares) at a public offering price of $23.75 per share.
Brixmor is a real estate investment trust listed on the New York Stock Exchange under the symbol “BRX.” Brixmor owns and operates the nation's largest wholly-owned portfolio of grocery-anchored community and neighborhood shopping centers, with more than 522 properties aggregating approximately 87 million square feet of gross leasable area located primarily across the top 50 U.S. metropolitan statistical areas.
The Simpson Thacher team for the transaction included Josh Bonnie, Edgar Lewandowski, Will Golden, Jonathan Pacheco and Daniel Honeycutt (Capital Markets); Amanda Weiss and Lisa Zhang (Public Company Advisory Practice); and John Hart, Nancy Mehlman, Devin Heckman and David Holmberg (Tax).