Reviewed by: Nathan Watson
US-280’s Village at Lee Branch Phase II changes hands in $32.5M deal
Reading time: 2 minutes
Hackney Real Estate Partners bought Village at Lee Branch Phase 2, the shopping center located at 1201 Doug Baker Blvd. off US-280, for $32.525 million, according to a deed recorded with the Shelby County Probate Court.
Details of the Village at Lee Branch Phase II sale
- Price: $32,525,000
- Buyer: RCC Village at Lee Branch LLC, a Virginia limited liability company
- Seller: Cygnus Bham LLC, a Georgia limited liability company
- Sale date: Oct. 6, according to the deed
- Financing: Atlantic Union Bank
- Size: 223,300 square feet
What Hackney said about the Village at Lee Branch
Hackney announced the acquisition on social media and described the center this way:
“The Village at Lee Branch offers a strong mix of national and local retailers, restaurants, fitness, and service-oriented tenants in a highly desirable Birmingham location.”
The firm also said it plans to build on the center’s performance:
“We’re proud to add this well-positioned property to the Hackney portfolio and look forward to building on its success.”
Who’s in the Phase II shopping center on US-280
Hackney’s flyer lists Onelife Fitness, Hobby Lobby and Dollar Tree as the biggest tenants by square footage. Other tenants on the flyer include:
- Taziki’s Mediterranean Café
- The Melting Pot
- Anvil Pub & Grill
- Sushi Village
- East 59 Cafe
- Sport Clips
- Sparrow Health
- Stretch Zone
- ATI Physical Therapy
Hackney also lists several vacant spaces for lease, ranging from 1,200 to 7,040 square feet.
Phase II is the portion of the larger development next to Phase I, which includes Publix and Dick’s Sporting Goods. Hackney estimates traffic at about 90,362 vehicles per day on US-280 at Doug Baker Boulevard.
