Florence, Ala. — Newmark has arranged the sale of Cox Creek Shopping Center in Florence. Mark Joines and Drew Fleming of Newmark represented the seller, U.S. Properties Group. The 142,044-square-foot property was fully leased at the time of sale to
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Birmingham, Ala. — Eastern Union has secured $7 million in financing for the $9.4 million purchase of Crestwood Festival Centre in Birmingham. Marc Tropp of Eastern Union arranged the financing on behalf of the buyer, CityWide Properties, which intends to
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Hoover, Ala. — JLL Capital Markets has arranged the $12.9 million sale of Riverchase Crossings, an 89,576-square-foot retail center located roughly 10 miles south of Birmingham in Hoover. Brad Buchanan, Jim Hamilton and Andrew Kahn of JLL and Emris Graham
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Dallas and Birmingham, Ala. — Dallas-based real estate investment firm Centennial has acquired the operating platform of Birmingham-based Bayer Properties. Bayer’s management portfolio includes nearly 8 million square feet of open-air fashion, power and neighborhood retail centers, as well as mixed-use
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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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