Alabama

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 …

Birmingham and Huntsville, Ala. — JLL Capital Markets has arranged the sale of Crossings of Hoover and Strong Station, two retail centers totaling 133,705 square feet in Birmingham and Huntsville, respectively. Jim Hamilton, Brad Buchanan and Andrew Michols of JLL represented the Brentwood, Tennessee-based seller, GBT Realty Corp., in the transaction. Warner Robins, Georgia-based Livingston Properties acquired both properties for a total of $26.6 million. Built in 2015, Crossings of Hoover is a 37,765-square-foot retail center anchored by Sprouts Farmers Market. The center is also home to tenants including Supercuts, …

Birmingham, Ala. — Matthews Real Estate Investment Services has brokered the sale of Eastwood Village East, a Walmart Supercenter-anchored shopping center located in Birmingham. Tripp Brown and Johnny Blue Craig of Matthews represented the seller, MAP Development, in the transaction. The buyer was a private investor based in Nashville, Tennessee.

Montgomery, Ala. — SRS Real Estate Partners’ National Net Lease Group has arranged the $4.7 million sale of a 43,441-square-foot, single-tenant retail property occupied by Conn’s HomePlus in Montgomery. Conn’s Inc. has eight years left on its lease. Located at 2424 Eastern Blvd., the store was built in 1997 and renovated in 2019. The property is situated on 5.3 acres within the Promenade Montgomery and Promenade Montgomery North community centers, which feature more than 270,000 square feet of retail space. Retailers at these centers include The Home Depot, Harbor Freight …

Dothan, Ala. — JLL has arranged the sale of Northside Plaza, 200,800-square-foot retail center in the southeastern Alabama community of Dothan. Jim Hamilton, Brad Buchanan and Taylor Callaway of JLL represented the undisclosed seller in the transaction. An entity affiliated with Hackney Real Estate Partners acquired the property for an undisclosed price. The center was 99 percent leased at the time of sale to tenants including Publix, Hobby Lobby, Action Air Jump & Sports, 2nd and Charles, AMC Theaters, Panera Bread, Advantage Human Resourcing and Nail Boutique and Spa. Completed …

Trussville, Ala. — JLL has arranged the sale of Homestead Village, a 106,606-square-foot, Aldi-anchored shopping center in Trussville, about 17 miles outside of Birmingham. Jim Hamilton, Brad Buchanan and Andrew Michols of JLL represented the seller, Blackwater Resources, which also developed the property. An affiliate of Select Strategies Realty acquired the center. The sales price was not disclosed. Homestead Village was 99 percent leased at the time of sale to tenants such as HomeGoods, Petco, Five Below, Ulta Beauty, Panera Bread and Jimmy John’s. Located at 2000 Gadsden Highway, the …

Dothan, Ala. — Pegasus Investments Real Estate Advisory Inc. has arranged the $4.7 million sale of a newly constructed retail center located in Dothan known as Dothan Commons. The property was 100 percent leased at the time of sale to tenants such as Starbucks Coffee, AT&T, Jersey Mike’s Subs, Merle Norman Cosmetics, Southern Nutrition and Everly Nail Spa. David Chasin of Pegasus represented the seller, an undisclosed retail and shopping center developer based in the Southeast, in the transaction. Bill Howard of Bennett Realty & Development represented the buyer, an …

Trussville, Ala. — JLL Capital Markets has brokered the sale of Pinnacle at Tutwiler Farm, a 248,988-square-foot regional shopping center in Trussville, a suburb of Birmingham. Brad Buchanan, Jim Hamilton, Will Sledge, Tom Hall and Taylor Callaway of JLL marketed the property in coordination with online auction platform Ten-X on behalf of the sellers, Credit Suisse First Boston Mortgage Securities Corp., Commercial Mortgage Pass-Through Certificates and Series 2007-C1. The undisclosed buyer was a private investor based out of Texas. The sales price was not disclosed. The Pinnacle at Tutwiler Farm …