Thursday, July 27, 2017

HFF closes sale of Publix-anchored shopping center in Birmingham, AL

Daniel Finkle
MIAMI, FL, July 27, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Clay Marketplace, a 66,165-square-foot community shopping center anchored by Publix in Birmingham, Alabama.

HFF marketed the property on behalf of the seller, Kite Realty Group Trust.  The property was purchased free and clear of financing.

Clay Marketplace is anchored by Publix, the dominant grocery store in the region, and is 98 percent leased to AutoZone, Subway, Phil Rose Shoes, Spirit Locker, Pasquale’s and more.

 Situated on 7.8 acres at 2121 Sweeney Hollow Road, the center is in northeastern Birmingham on the west corner of the intersection of Chalkville Mountain Road, Old Springville Road and Sweeny Hollow Road, three of the trade area’s major roadways with combined traffic counts of approximately 53,970 vehicles per day. 

There are more than 48,000 residents earning an average annual household income of $64,747 within a three-mile radius of Clay Marketplace.

The HFF team representing the seller was led by senior managing director and co-head of HFF’s retail practice Daniel Finkle, senior managing directors Jim Hamilton and Brad Peterson and director Eric Williams.

“Clay Marketplace represented a rare opportunity to acquire a dominant Publix-anchored shopping center in Birmingham, Alabama, with strong tenant performance,” Hamilton said.

For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Specialist
HFF | 9 Greenway Plaza, Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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