Patton Creek in Hoover Sells for $83.5 Million

Hoover, Ala. — American Realty Capital-Retail Centers of America I & II and Lincoln Property Co. have acquired Patton Creek, a 512,871-square-foot open-air retail center located in Hoover, for $83.5 million.

Tenants at the center include Dick’s Sporting Goods, Rave Motion Pictures, Ross Dress for Less, Cost Plus World Market, DSW Shoe Warehouse, Barnes & Noble, buybuyBABY and Christmas Tree Shops. The property was approximately 95 percent leased at the time of sale. Patton Creek Holdings LLC sold the property.