A joint venture between DRA Advisors and DLC Management has sold Brook Highland Plaza, a 594,466-square-foot, super-regional retail center anchored by Sprouts Farmers Market and other high-credit tenants in Birmingham, Ala.
First National Realty Partners acquired the asset for an undisclosed sales price.
Brook Highland Plaza is positioned on 65.9 acres at 5291 U.S. Highway 280 within the highly sought-after US-280 retail corridor — the dominant retail and most affluent retail corridor in Alabama. Located in the highly affluent Meadowbrook submarket, the property draws from an extended trade area that includes more than 80,000 residents within a five-mile radius who earn an average annual household income of $130,743.
As one of the most dominant shopping centers in Birmingham, the 98 percent–leased Brook Highland Plaza is anchored by a best-in-class roster that includes Sprouts Farmers Market, Best Buy, Burlington, HomeGoods, Lowe’s Home Improvements, Ashl
