(For more retail coverage, click GlobeSt.com/RETAIL.)

PELL CITY, AL-Pell City Marketplace, a 14-year-old, 159,041-sfneighborhood shopping center 35 miles east of Downtown Birmingham,has been sold for $8.6 million. Lamar Cos. of Morristown, NJ paid$54.07 per sf to Pell City Marketplace Partners LLC for the97%-leased property.

Tom Statham, a broker in the Atlanta office of the Staubach Co.,tells GlobeSt.com the deal was done at this time by the developer"to take advantage of a strong [retail] market." Statham andWilliam Gervin, members of Staubach's Investment Sales Southeastteam, negotiated for the seller. The buyer represented itself.

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