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Multi-anchor power center near Birmingham, Ala., sells
Transactions - MAY 7, 2021

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Multi-anchor power center near Birmingham, Ala., sells

by Released

JLL Capital Markets has closed the sale of Pinnacle at Tutwiler Farm, a 248,988-square-foot regional retail center in Trussville, Ala., one of the fastest-growing submarkets in the Birmingham, Ala., MSA. The financial terms were not disclosed.

JLL marketed the property in coordination with Ten-X on behalf of the seller, Credit Suisse First Boston Mortgage Securities Corp., Commercial Mortgage Pass-Through Certificates, Series 2007-C1. A private investor based in Texas acquired the asset.

The property is located at 5006 Pinnacle Square in a well-established retail node with more than 8.4 million square feet of retail space within a five-mile radius that attracts more 24 million visitors per year. The center was 75 percent leased at the time of sale and boasts a well-tenured mix of national and regional tenants, including anchors Best Buy and At Home.

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