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Atlanta & Southeast  + Retail  | 

JLL Arranges Sale of 249K-SF Birmingham Power Center

JLL has arranged the sale of Pinnacle at Tutwiler Farm, a 248,988-square-foot regional retail center in metro Birmingham’s Trussville submarket. The sales price was not disclosed.

The property is at 5006 Pinnacle Square in a well-established retail node with more than 8.4 million square feet of retail space within a five-mile radius that attracts more 24 million visitors per year. The center was 75% leased at the time of sale and boasts a well-tenured mix of national and regional tenants, including anchors Best Buy and At Home.

Brad Buchanan, Jim Hamilton, Will Sledge, Tom Hall and Taylor Callaway of JLL represented the seller in the transaction, Credit Suisse First Boston Mortgage Securities Corp., Commercial Mortgage Pass-Through Certificates, Series 2007-C1. The buyer was a private investor based out of Texas.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Acquisition
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