BIRMINGHAM, Ala., July 13, 2021 - JLL Capital Markets announced today that it has closed the sale of Homestead Village, a 106,606-square-foot ALDI-anchored shopping center in Trussville, Alabama, one of the fastest growing submarkets in the Birmingham MSA.

JLL represented the seller, Blackwater Resources, who developed the property. An affiliate of Select Strategies Realty acquired the property.

Homestead Village was 99 percent occupied at the time of sale and is home to a high-quality line up of national tenants, including ALDI, HomeGoods, Petco, Five Below, Ulta, Panera Bread, Jimmy Johns and more.

The property is strategically located at 2000 Gadsden Hwy. in the epicenter of Trussville's commercial corridor. It is only one mile south of downtown Trussville, which is currently undergoing a significant amount of revitalization with new restaurants, shopping, parks and an amphitheater.

The JLL Capital Markets Investment Sales Advisory team that represented the seller was led by Senior Managing Director Jim Hamilton, Senior Director Brad Buchanan and Associate Andrew Michols.

'Homestead Village was one of the first multi-anchored shopping centers to be marketed for sale in the Southeast this year, which received significant investor interest due to the prime location, best-in-class retailers and durable cash flow,' Hamilton said. 'Overall, investor interest for Homestead Village and other similar southeast retail assets that we have marketed for sale this year have surpassed levels compared to prepandemic.'

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Jones Lang LaSalle Inc. published this content on 13 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 July 2021 20:48:06 UTC.