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| Cahaba Village Shopping Center, Mountain Brook, AL |
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| Gregg Shapiro |
ATLANTA, GA –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has arranged $29.975 million in
acquisition financing for Cahaba Village, a 115,180-square-foot, trophy, Whole
Foods-anchored retail center in the affluent Birmingham submarket of Mountain
Brook, Alabama.
HFF worked on behalf of
the borrower, an institutional client advised by L & B Realty Advisors, to
place the 10-year, fixed-rate loan with Guardian Life Insurance Company of
America.
Additionally, HFF will
service the loan, proceeds of which provided post acquisition financing for the
purchase of the property in a sale brokered by HFF.
Cahaba Village is a
generational asset located in Mountain Brook, one of the most affluent markets
in Alabama, and is strategically positioned along U.S. 280, the main retail
corridor in Birmingham.
The property is home to one of the most
dynamic, highest-performing tenant line-ups in the southeast and features such
notable tenants as Whole Foods, Diamonds Direct, Mountain High Outfitters and
Bryant Bank.
The HFF debt placement
team was represented by managing director Gregg
Shapiro and senior managing director John
Rose.
For a complete copy of the company’s news
release, please contact:
Kristen M. Murphy
Director, Public Relations
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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