Birmingham, Ala. — JLL Capital Markets has brokered the sale of Brook Highland Plaza, a 594,466-square-foot retail center located in Birmingham. The property was 98 percent leased at the time of sale to tenants including Sprouts Farmers Market, Best Buy,
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Birmingham, Ala. — First National Realty Partners has acquired Inverness Corners, a 242,000-square-foot retail center located in Birmingham, for an undisclosed price. A 54,000-square-foot Winn Dixie and a 92,600-square-foot Kohls anchor the property. Additional tenants include Orangetheory Fitness, Mellow Mushroom,
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Tuscaloosa, Ala. — GBT Realty has sold McFarland Plaza, a 188,406-square-foot shopping center located at 2600 McFarland Blvd. in Tuscaloosa. Cincinnati-based Select Strategies Realty purchased the property from the Brentwood, Tennessee-based owner for an undisclosed price. Jim Hamilton, Brad Buchanan and
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Birmingham, Ala. — First National Realty Partners has purchased Brook Highland Plaza, a 549,500-square-foot shopping center located in Birmingham. The seller and sales price were not disclosed, but the Birmingham Business Journal reports the property traded for $77 million. The transaction
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Muscle Shoals, Ala. — A partnership between Coro Realty and PGM Properties has sold Muscle Shoals Commons, a 58,760-square-foot retail center located in the Northern Alabama town of Muscle Shoals for $13 million. Publix anchors the property, which was 90
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Decatur, Ala. — JRW Realty has brokered the sale of Point Mallard Centre, a grocery-anchored shopping center in Decatur. Situated near I-65, the property features a 45,600-square-foot Publix store and 16,800 square feet of small shop, restaurants and healthcare tenants.
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Los Angeles — Tauro Capital Advisors has secured the $149.7 million refinancing of a 24-property Walgreens portfolio primarily located across Tennessee, Wisconsin and Alabama. Matt Bucaro of the Los Angeles-based firm secured the one-year floating bridge loan through Benefit Street
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Longwood, Fla. — Timber Development Corp. has sold three retail centers shadow-anchored by Walmart. Dispositions include a 40,000-square-foot retail property in Monroeville, Alabama, occupied by tenants including Dollar Tree, Shoe Show and Cato; a 37,000-square-foot center in Sioux City, Iowa,
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Northport, Ala. — Cushman & Wakefield has arranged the $14.9 million sale of Publix at Bristol Park, a 58,887-square-foot, grocery-anchored shopping center in Northport, about 1.6 miles from Tuscaloosa. Margaret Jones and Lane Breedlove of Cushman & Wakefield represented the
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Huntsville, Ala. — PBR x Lockhart Smokehouse will open this year at Bridge Street Town Center, a mixed-use development by Bayer Properties in Huntsville. The dining concept is a partnership between the Professional Bull Riders (PBR) Cowboy Bar, Lockhart Smokehouse
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Memphis, Tenn. and Birmingham, Ala. — Aztec Group has secured a total of $43 million in acquisition financing for two shopping centers, Ridgeway Trace in Memphis and Promenade Fultondale in Birmingham. Brell Tarich and Charles Penan of Aztec Group secured
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Valley, Ala. — SRS’ Investment Properties Group has brokered the $4.5 million sale of Shops at Valley, a 28,000-square-foot shopping center in Valley. Boris Shilkrot of SRS represented the seller, OSCI Properties, in the transaction. The buyer, Prudent Growth Partners
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