Alabama Crossing in Fort Payne Changes Hands
- Feb 21, 2019
Cooper Commercial Investment Group has represented the seller, an investment group from Tennessee, in the sale of Alabama Crossing, a retail center in Fort Payne, Ala. The team from Cooper Commercial, which included Bob Havasi and Dan Cooper, has worked with the seller before, on other transactions. The buyer, an Alabama investment group, acquired the property for $4.3 million.
Located at 2001 Glenn Blvd., the 27,800-square-foot Walmart shadow-anchored center includes a roster of national, regional and local tenants such as Northeast Orthopedic, Rapid Care Medical Clinic, CATO and Sally Beauty. The property is close to DeKalb Regional Medical Center, less than 1 mile from Interstate 59, less than 55 miles from Chattanooga, Tenn., and almost 66 miles from Huntsville, Ala.
Last month, Dan Cooper was part of the Cooper Commercial team that brokered the $14.7 million sale of a regional power center in Chesterfield Township, Mich.
Image courtesy of Cooper Commercial Investment Group
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