NewBridge Retail Advisors recently served as advisor in the sale of Southbrook Village in Alabaster, Ala.
The value of the transaction was not disclosed.
Southbrook Village is a 134,777-square-foot Bruno’s shadow-anchored community center located at the intersection of Alabama Hwy. 119 and U.S. Hwy. 31. The center is anchored by a 55,000-square-foot Bruno’s (not owned), CATO Fashions, Shoe Department, Hallmark Crown Store and Dollar General.
Southbrook Village LLC sold the property to Phillips Edison Group LLC.
NewBridge Retail Advisors Inc. provides asset, capital and transaction services to retail asset owners and investors.
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