Vestavia Hills City Center sold for $76M to Mobile-based firm

Vestavia Hills City Center has been acquired for $76 million by the Burton Property Group, a Mobile-based  commercial real estate investment, development and management firm.

Vestavia Hills City Center has 60+ shops, restaurants and businesses

Located on the west side of Montgomery Highway (U.S. 31), the popular 390,000-square-foot mixed-use retail and commercial destination presently has about 60+ shops, restaurants and businesses within the development.

Notable tenants include:

• Publix
• AMC Theaters
• Planet Fitness
• Davenports Pizza
• Pet Supermarket
• Karen’s Hallmark
• Girl Scouts of Northern Alabama

“Our goal is to be a long-term steward of the properties we acquire. Vestavia Hills City Center has an important place in the community, and we believe there is a strong opportunity to build on its existing foundation while creating new energy and momentum for the center.” 

Philip G. Burton, President and CEO of Burton Property Group

Burton Property Group’s first Birmingham-area acquisition

According to its website, Burton Property has numerous investments in Mobile and Baldwin counties. Its most ambitious project is the River Walk Plaza, a transformational waterfront development in Downtown Mobile. 

Founded in 2012, Burton Property Group has executed nearly $1 billion in real estate projects making it one of the largest real estate development firms in South Alabama.

The $76 million purchase of the Vestavia Hills City Center is Burton Property Group’s first acquisition in the Birmingham market.