HFF closes sale of Whole Foods-anchored retail center in Birmingham, Alabama
ATLANTA, GA – January 31, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Cahaba Village, a trophy 115,180-square-foot, Whole Foods-anchored retail center in the affluent Birmingham submarket of Mountain Brook, Alabama.
L & B Realty Advisors purchased the asset free and clear of existing debt on behalf of an institutional separate account client.
Cahaba Village is a generational asset located in Mountain Brook, one of the most affluent markets in Alabama, and is strategically positioned along U.S. 280, the main retail corridor in Birmingham. The property is home to one of the most dynamic, highest-performing tenant line-ups in the southeast and features such notable tenants as Whole Foods, Diamonds Direct, Mountain High Outfitters and Bryant Bank.
The HFF investment sales team representing the seller was led by senior managing directors Jim Hamilton, Richard Reid and Barry Brown; managing director Ryan Shore and associates Mike Allison and Brad Buchanan.
About L&B Realty Advisors
L&B Realty Advisors is an employee-owned, SEC-registered real estate investment advisor. Since 1965, L&B has provided real estate investment management services to institutional investors and family offices. With over $8 billion under management and over 50 years experience, L&B has a proven track record of successfully acquiring, managing and disposing real estate on behalf of its clients. For more information, visit lbrealty.com.
Holliday Fenoglio Fowler, L.P. (“HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 24 offices and is a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.