The suburban migration downtown has slowed, but CBD activity was still high in the third quarter.

“This sale is the latest in a series of transactions in East Birmingham that have resulted in heavy value-add campaigns,” said C&W's Josh Jacobs.

The Norfolk-VA-based firm acquired the property in 2005 for $141.25 million.

"The Locks interacts with the local architecture and land plan to create an exceptional sense of place, and an exciting homeownership opportunity," says Resmark's Alexandra Johns.