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First National Realty Partners Buys Birmingham Super-Regional Retail Center
First National Realty Partners has acquired Brook Highland Plaza, a 594,466-square-foot, super-regional retail center anchored by Sprouts Farmers Market and other high-credit tenants in Birmingham, AL.
Jim Hamilton, Brad Buchanan and Andrew Michols of JLL marketed the property on behalf of the seller, a joint venture between DRA Advisors and DLC Management.
The 98% leased Brook Highland Plaza is anchored by Sprouts Farmers Market, Best Buy, Burlington, HomeGoods, Lowe’s Home Improvements, Ashley Furniture, Goodwill, ULTA Beauty, Party City, Office Max, Michaels, Five Below, Club 4 Fitness and Petco. No single tenant accounting for more than 13% of the in-place rent revenue.
Brook Highland Plaza is positioned on 65.9 acres at 5291 US Highway 280 within the US-280 retail corridor in the highly affluent Meadowbrook submarket. the property draws from an extended trade area that includes more than 80,000 residents within a five-mile radius.
- ◦Sale/Acquisition
