JLL Arranges $26.6 Million Sale of Two Retail Centers in Birmingham and Huntsville

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, Papa Murphy’s, Jimmy Johns, Warhammer Gaming, Riviera Nails & Spa and Starbucks Coffee. The property is located 11 miles south of downtown Birmingham. Strong Station is anchored by Sprouts Farmers Market and Hobby Lobby and is shadow-anchored by Academy Sports + Outdoors. The 95,940-square-foot center was 94 percent occupied at the time of sale by tenants including Another Broken Egg, Amazing Nail Spa and Piper & Leaf.

classic-editor-remember:
classic-editor
abkw-text: