Alabama

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 LLC, was self-represented in the transaction. The shopping center is shadow-anchored by Walmart Supercenter and fully occupied by tenants including Ace Hardware, Workout Anytime, H&R Block, T-Mobile and Advance America.

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, an individual investor based in New Hampshire, acquired the property for $3.2 million. Anchored by Planet Fitness, the shopping center was 78 percent occupied at the time of sale by seven additional tenants.

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 Management Corp. Mountain Express Oil Co. sold the property for $9.4 million. Built in 1995, the property includes a Wendy’s quick service restaurant onsite.

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 and Pierce Mayson of SRS’ Atlanta office represented the seller. The buyer was self-represented in the transaction. Built in 2019, Stadium Trace Village is shadow-anchored by Aldi, Duluth Trading Co. and UAB Medicine. The center is fully occupied by retailers such as OHenry’s Coffee, Edgar’s Bakery, Mooyah Burgers, Cookie Cutters, …

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 Physical Therapy. The buyer and seller in the transaction were undisclosed.

Gulf Shores, Ala. — Franklin Street has arranged the sale of Pelican Place at Craft Farms, a 220,372-square-foot shopping center in Gulf Shores. Bryan Belk and John Tennant of Franklin Street’s Retail Investment Sales Team represented the seller, an affiliate of RCG Ventures, in the transaction. Octave Holdings purchased the property for $16 million. Pelican Place at Craft Farms was 82.9 percent leased at the time of sale to tenants such as CMX Cinemas movie theater, Books-A-Million, Bed Bath & Beyond and Dollar Tree. The property is shadow-anchored by Target …

Madison, Ala. — JLL Capital Markets has arranged the $19.2 million sale of Madison Commons, a 75,340-square-foot shopping center located roughly 11 miles outside Huntsville in Madison. JRW Realty sourced the deal on behalf of the buyer, ExchangeRight. Brad Peterson, Whitaker Leonhardt, Jim Hamilton, Brad Buchanan, Andrew Michols and Michael Brewster of JLL represented the seller, Michael Collard Properties. Publix anchors Madison Commons, which was 92 percent occupied at the time of sale by tenants including Easy Vet Clinic, Golden China, ATI Physical Therapy, Goodwill, Primp and Posh Nail and …