June 15, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $29.975 million in acquisition financing for Cahaba Village, a 115,180-square-foot, trophy, Whole Foods-anchored retail center in the affluent Birmingham submarket of Mountain Brook, Alabama.
HFF worked on behalf of the borrower, an institutional client advised by L & B Realty Advisors, to place the 10-year, fixed-rate loan with Guardian Life Insurance Company of America. Additionally, HFF will service the loan, proceeds of which provided post acquisition financing for the purchase of the property in a sale brokered by HFF.
Cahaba Village is a generational asset located in Mountain Brook, one of the most affluent markets in Alabama, and is strategically positioned along U.S. 280, the main retail corridor in Birmingham. The property is home to one of the most dynamic, highest-performing tenant line-ups in the southeast and features such notable tenants as Whole Foods, Diamonds Direct, Mountain High Outfitters and Bryant Bank.
The HFF debt placement team was represented by managing director Gregg Shapiro and senior managing director John Rose.