BIRMINGHAM, AL-Midsouth Capital Fund I, LLC has bought Riverchase Village from Phillips Edison & Company for $13.4 million. The retail center measuring 178,510 square feet is located in Hoover, a southern suburb of Birmingham in Alabama. It has an occupancy rate of 97%. Bruno's Supercenter, PetSmart and Best Buy are some of the tenants of the center.
Jim Hamilton, Brad Peterson and Richard Reid of HFF negotiated the deal on behalf of Phillips Edison & Company. For the full story, go to Florida Real Estate Journal .
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