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Sign in Sign up for a FREE subscriptionNuveen Real Estate sells River Ridge Shopping Center in Birmingham for $27m
Nuveen Real Estate has sold River Ridge, a value-add multi-anchored shopping center in Birmingham, Ala., for $27 million.
JLL worked on behalf of the seller in procuring the buyer, Gulf Coast Commercial. Nuveen acquired River Ridge in 2007.
River Ridge, located at 4606–4614 US-280, is positioned in one of Birmingham’s submarkets and is home to a tenant mix including Academy Sports + Outdoors, Marshalls, World Market and Dollar Tree. Currently 75 percent leased, River Ridge features value-add potential via lease up of approximately 43,000 square feet.