Q2 2012 Birmingham, Alabama Retail Property Sales Analysis

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Q2 2012 Birmingham, Alabama Retail Property Sales Analysis


Single-property retail sales that meet Reis’ reporting criteria have been nearly non-existent in the recent period. The sole deal of the past year and a half closed in the third quarter of 2011 for $13.4 million as Boyle Investment Company paid Phillips Edison Company $75 psf for the 178,510-square-foot Riverchase Village property in Birmingham. The cap the rate was 9.5%.