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Atlanta & Southeast  + Southeast  + Retail  |  July 1, 2019
David Cohen
By: David Cohen

Net-Leased Walgreens Property in Alabama Trades for $5M+

Brokerage and technology platform B+E arranged the $5.7-million sale of a retail property net leased to Walgreens in Midfield, AL. Located at 101 Bessemer Super Highway, the 13,400-square-foot property is seven miles southwest of Birmingham.

B+E represented the seller, Jonna Realty Ventures, in the transaction. The buyer was Malhotra Enterprises. The property has a remaining lease term of 15 years.

“This was a phenomenal exit for our client,” said Spencer Henderson, a B+E advisor. “B+E is known for finding previously unknown, cross-country buyers. However, this deal shows the power of our 1031 trade platform to also surface local interested buyers.”

For comments, questions or concerns, please contact David Cohen

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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.
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