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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Enterprise, Ala. — Stan Johnson Co. has arranged the sale of a 54,500-square-foot shopping center located at 913 Rucker Blvd. in Enterprise. Brett Puckett of Stan Johnson Co. represented the seller, a Mississippi-based private investor, in the transaction. The buyer,
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Montgomery, Ala. — Crayton Commercial LLC has acquired Sturbridge Village Shopping Center, an 87,480-square-foot retail center in Montgomery. Built in 1994 on 10 acres of land, the center is anchored by a 45,000-square-foot Winn-Dixie grocery store and pharmacy. The center
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Birmingham, Ala. — Stan Johnson Co. has arranged the sale leaseback of Pilot Travel Center, a 9,790-square-foot convenience store located at 901 Bankhead Highway West in Birmingham. Matt Lipson and Mike Philbin of Stan Johnson Co. represented the buyer, Brodersen
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Hoover, Ala. — SRS Real Estate Partners’ Investment Properties Group has brokered the sale of Stadium Trace Village, a 33,625-square-foot retail center in Hoover. MAP Development sold the property for $13.9 million to Liberty Retail Properties. Boris Shilkrot, Kyle Stonis
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Madison, Ala. — JRW Realty has arranged the $19 million sale of a multi-tenant retail center anchored by Publix Super Markets in Madison. The property was 92 percent leased at the time of sale to tenants including Goodwill and ATI
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