HUNTSVILLE, AL-More flexible capital markets and an experiencedbuyer worked to the benefit of local O&S HoldingsLLC in its disposition of its 603,000-square-foot BridgeStreet Town Centre. Seller O&S, which developed the lifestyleretail center during the mid-2000s, ended up selling it toMiller Capital Advisory Inc. (MCA) of Skokie, ILfor an undisclosed amount.

Located in the 4,000-acre Cummings Research Park on Huntsville'seast side, Bridge Street Town Centre was 98% leased at the time ofthe sale. However, Adam Howells with UCRInvestment Sales of Dallas tellsGlobeSt.com there is upside on the property in theform of more acreage on which to build retail space.

Howells, who teamed with UCR's David Disney onbehalf of the seller, says the center was marketed to a select fewbuyers. Though others were interested, ultimately "this was aperfect match for seller and buyer," Howells says. "MCA targetshigh-end lifestyle centers; we sold them a smaller lifestyle center(Midtowne) in Little Rock (AR) earlier this year." Howells goes onto say that MCA is a methodical buyer that always closes. As such,"they made good sense as a buyer," he adds. To pay for its newasset, MCA obtained funding from Wells Fargo NA,which already was financing the property.