Florence, Ala. — Legacy Realty Group Advisors has brokered the $8.4 million sale of Florence Plaza, a retail center located in Florence. Ollie’s Bargain Outlet, Crunch Fitness, AutoZone and Badcock Furniture anchor the property, which totals 150,000 square feet. Jacob Baruch and Max Yardeni of Legacy represented both the buyer and seller in the transaction.
Birmingham, Ala. —Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $17.6 million sale of Eastwood Village, a 130,056-square-foot shopping center in Birmingham. A Walmart, not included the transaction, anchors the center. Tenants at the property include Ross Dress for Less, Office Depot, Michaels and Party City. Zach Taylor of IPA represented the seller, a partnership based in Louisiana, in the transaction and sourced the buyer, a private syndicator based in California that paid all-cash.
Essex Capital, Ascend Property Group Break Ground on Front Row Mixed-Use Development in Huntsville, Alabama
Huntsville, Ala. — A joint venture between Essex Capital and Ascend Property Group has broken ground on Front Row, an 11-acre, mixed-use project in downtown Huntsville. The $220 million first phase of Front Row is now underway, following news last week that Banco Inbursa and a group led by Keel Point and Opportunity Alabama provided $115 million in construction financing. The first retail space is slated for delivery in late 2025, followed by apartments and office space in early 2026. Upon full build-out, the first phase of Front Row will comprise …
Huntsville, Ala. — Hanley Investment Group Real Estate Advisors has brokered the sale of a 1,725-square-foot single-tenant property located in Huntsville. Strickland Brothers 10 Minute Oil Change occupies the newly constructed property, which is situated within a Publix-anchored shopping center, on a net-lease basis. Jeff Lefko and Bill Asher of Hanley, in association with ParaSell Inc., represented the developer and seller, N3 Real Estate. Andy Shipp of Sovereign Partners LLC represented the buyer, a private investor.
Huntsville, Ala. — Marathon Realty Corp., an affiliate of grocer Food City, has purchased two acres in Huntsville from The Beach Co. The site is located between The Foundry, The Range and Stovehouse along Governors Drive and will be connected to the developments via a 10-foot-wide pedestrian sidewalk. A real estate subsidiary of Food City parent company K-VA-T Food Stores Inc., Marathon Realty plans to break ground on the new store next quarter, with the opening scheduled for early 2025. Last year Marathon Realty entered into a development agreement with the …
Huntsville, Ala. — Tanger has acquired Bridge Street Town Centre, an open-air retail center located in Huntsville, for $193.5 million. Tenants at the property, which totals 825,000 square feet, include lululemon, Sephora, Lovesac, Dry Goods, Victoria’s Secret, Athleta, Anthropologie, Altar’d State, Ulta Beauty, Barnes & Noble, Dick’s Sporting Goods, Old Navy, H&M and Belk. The center was 93 percent occupied at the time of sale. This marks Tanger’s 39th property and first open-air center.
Mobile, Ala. — Topgolf has opened a new venue in Mobile, Alabama, marking the third in the state for the brand. Situated within McGowan Park Shopping Center, the venue features 60 outdoor, climate-controlled hitting bays across two levels, as well as a full-service restaurant, 22-foot video wall and more than 100 TVs. According to the company, Topgolf Mobile will employ roughly 200 associates and is the 95th outdoor Topgolf venue in the country.
Huntsville, Ala. — Legacy Realty Group Advisors has brokered the sale of an 18,300-square-foot retail center located in Huntsville. IGA anchors the property. Daniel Baruch and Max Yardeni of Legacy represented both the buyer and seller in the transaction.
Theodore, Ala. — Dorsey Development, an entity owned and operated by G. Paul Dorsey III, has purchased Island Road Shopping Center in Theodore. Winn-Dixie anchors the property, which totals 59,822 square feet. Other tenants at the center include Pizza Hut, Subway, Buddy’s Home Furnishings and Premier Nails.
Birmingham, Ala. — JLL has arranged the sale of 280 Station, a 24,760-square-foot shopping center located in Birmingham. Tenants at the property, which was 91 percent leased at the time of sale, include Dunkin’ Donuts, Oasis Nails & Spa, Eyemart Express, Subway, Bedzzz Express, Isbell’s Jewelry, Budget Car Rental, Tint World, State Farm Insurance and Tao Massage. Jim Hamilton, Brad Buchanan and Anton Serafini of JLL represented the seller and procured the buyer, Crow Holdings Capital.