Atlanta & Southeast + Southeast + Retail | May 21, 2021

Mobile Shopping Center Trades for $18M

JLL has arranged the $17.5 million sale of Midtown Mobile, a 62,335-square-foot, newly constructed neighborhood shopping center anchored by Publix supermarket in Mobile, AL.

Constructed in 2018, Midtown Mobile is 95% leased and anchored by Publix. The shopping center is also home to a list of national and regional tenants, including Great Clips, Marco’s Pizza, Benchmark Physical Therapy, 9Round Boxing, Charm Nail Lounge, Rock N Roll Sushi and Coffee Monster. Midtown Mobile is located at 100 N. Florida St. in Mobile.

Jim Hamilton, Brad Peterson, Brad Buchanan and Andrew Michols of JLL represented the seller in the transaction, a joint venture between MAB American and DRA Advisors. East Coast Acquisitions acquired the asset.

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JLL’s Hamilton

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.

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