DRA Advisors and DLC Management have placed Brook Highland Plaza, a 594,466-square-foot super-regional retail center anchored by an array of high-credit tenants in Birmingham, Alabama, on the market for about $80 million.
Brook Highland Plaza is on 65.9 acres at 5291 U.S. Highway 280 within the sought-after U.S. 280-retail corridor. Located in the 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 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, Ashley Furniture, Goodwill, ULTA Beauty, Party City, Office Max, Michaels, Five Below, Club 4 Fitness and Petco. The property benefits from a diversified income stream, with no single tenant acc
