JLL recapitalizes Alabama retail portfolio for over $113 million
United States, Sept. 5 -- JLL Capital Markets announced that it has arranged the $113.3 million recapitalization of an Alabama retail portfolio, which included three, grocery-anchored retail centers totaling 785,598 square feet in the Mobile MSA. The properties in the portfolio include: Foley Square (2140 S. McKenzie St., Foley, AL), Jubilee Square (6850 U.S. 90, Daphne, AL) and Westwood Plaza (7765 Airport Blvd., Mobile, AL).JLL represented the Burton Property Group, who partnered with Peaceable Street Capital. The $113.3 million transaction was part of an overall $124 million recapitalization effort.The portfolio features premier grocery anchors, including Rouse's Supermarket, The Fresh Market and shadow-anchored Publix, along with notabl...
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