Alabama

Jacksonville, Ala. — Marcus & Millichap has negotiated the sale of Jacksonville Crossing, a 56,401-square-foot retail center in Jacksonville, a city in northeast Alabama. The property was 67 percent leased at the time of sale to tenants including Dollar Tree, Baja California Grill, Cricket Wireless and Five Below, which recently signed a new 10-year lease at the center. Philip Levy and Zach Taylor of Marcus & Millichap represented the seller and secured the buyer. Eddie Greenhalgh served as Marcus & Millichap’s broker of record in Alabama for the transaction.

Spanish Fort, Ala. — JLL has arranged the $33.2 million sale of Eastern Shore Centre, a 432,158-square-foot shopping center located in Spanish Fort, a suburb of Mobile. Jim Hamilton, Brad Buchanan and Andrew Nichols of JLL represented the seller, Allied Development, in the transaction. Chip Sykes, Hunter Goldberg, Hamp Gibbs and Mikey Minihan, also of JLL, arranged an undisclosed amount of acquisition financing on behalf of the buyer, Wicker Park Capital Management. Dillard’s anchors the property. Other tenants at the center include Belk, Shoe Station, Barnes & Noble, Stock & Trade, …

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.

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.