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Atlanta & Southeast  + Southeast  + Retail  | 
National Realty Partners, LLC, has purchased Inverness Corners shopping center in Birmingham, AL.

First National Realty Partners Adds Inverness Corners to Portfolio of Birmingham Retail

Red Bank, NJ-based First National Realty Partners, LLC, has purchased Inverness Corners, a 242,000-square-foot, grocery-anchored shopping center in Birmingham, AL. Zach Taylor of Marcus & Millichap represented the seller.

The transaction marks the company’s third Birmingham-area retail acquisition in five months; FNRP purchased Tannehill Promenade in in February of this year and Brook Highland Plaza in n July.

“The greater Birmingham market, specifically, is highly appealing with its affluent suburbs and growing, upscale demographic,” said Matt Annibale of FNRP. “In short, this is a solid market for retail tenants and the properties that serve them.” 

Inverness Corners is anchored by a 54,000-square-foot Winn Dixie and a 92,600-square-foot Kohls. Winn Dixie, which has been a tenant since 2013, plans to invest over $1 million in an interior store renovation that will include more grocery pickup capabilities. The center’s tenant mix includes Orangetheory Fitness, Mellow Mushroom, Tropical Café, Wing Stop, H&R Block and Enterprise.

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First National Realty Partners, LLC's Annibale

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition