Birmingham, Ala. — CBRE has arranged the $8.4 million sale of The Shops on Montevallo, a 64,851-square-foot shopping center located in Birmingham.
Atlanta — Atlanta-based Preferred Apartment Communities Inc. has acquired a six-property, grocery-anchored retail portfolio through its retail subsidiary New Market Properties LLC.
Hazel Crest, Ill. and Birmingham, Ala. — Baceline Investments LLC has acquired two shopping centers totaling 115,000 square feet in the Chicago suburb of Hazel Crest and Birmingham.
Birmingham, Ala. — Bayer Properties has signed a 1,558-square-foot lease with Lush to open its first Alabama location at The Summit in Birmingham.
Mobile, Ala. — Marcus & Millichap has arranged the $11.2 million sale of a 41,117-square-foot Walmart Neighborhood Market located in Mobile.
Birmingham, Ala. — Bayer Properties is set to begin a $66 million renovation of the historic Pizitz building in Birmingham.
Montgomery, Ala. — New York Life Real Estate Investors has provided a $58 million loan on behalf of institutional investors for The Shoppes at EastChase in Montgomery.
Huntsville, Ala. — RCP Cos. has opened Phase I of The Shops at Merchants Walk, a 90,000-square-foot retail center in Huntsville.
Huntsville, Ala. — RCP Cos. is set to break ground on CityCentre at Big Spring, a $100 million mixed-use development located in Huntsville’s central business district.
Hoover, Ala. — American Realty Capital-Retail Centers of America I & II and Lincoln Property Co. have acquired Patton Creek, a 512,871-square-foot open-air retail center located in Hoover, for $83.5 million.