Brookwood Village is in a season of reinvention. As Birmingham awaits what’s next for this mall, we’ve got some updates. 569 Shades Creek LP, a partnership between Fairway Investments and Pope & Land Enterprises, acquired Brookwood Office Center for $55 million. We’ve got the scoop on this acquisition and a rundown of Brookwood Village’s plans.
New ownership of Brookwood Office Center
Birmingham-based Fairway Investments and Atlanta-based Pope & Land Enterprises teamed up to buy this 169,489 square foot office building. These two companies have a long history of working together to develop and enhance commercial real estate investment.
“We think Brookwood Office Center is a wonderful asset to our community—one that has been well managed over the years, with a very strong mix of tenants. We are thrilled to add it to our growing portfolio of commercial properties and be a part of the continued growth of the Birmingham business market.”—Sims Garrison, Chief Operating Officer, Fairway Investments
Brookwood Office Center is located at 569 Brookwood Village. It has two storefronts—O’Henry’s Coffees and JoS.A.Bank. The building houses multiple office tenants including Surgical Care Affiliates, Merill Lynch and PricewaterhouseCooper.
Under this new ownership, Fairway Investments and Pope & Land Enterprises don’t intend to make changes to the office building. Colliers, a Bham real estate agency, continues property management and leasing.
This isn’t the first time these two companies have invested in Brookwood Village. As reported by Bham Now, earlier this year, Fairway Investments and Pope & Land Enterprises bought the mall, and Colliers acquired Macy’s.
Brookwood Village: the past, present and future
If you haven’t been to Brookwood Village before, you’ve probably driven past it. Nestled between Moutain Brook and Homewood, it is one of the oldest shopping malls in Birmingham. The mall opened its doors in 1974.
However, a lot has changed since the mall’s inception almost 50 years ago. From store closures to new owners, Brookwood Village has made many adjustments in the last couple of years.
So, what’s next for this iconic mall?
Although there are still many moving parts, the new owners’ main goal is to restore the vibrancy of Brookwood Village. A plan for master redevelopment is on the horizon.
What do you think is next for Brookwood Village? Let us know on Instagram.