CBRE Arranges $8.4 Million Sale of The Shops on Montevallo in Birmingham

Planet Fitness anchors The Shops on Montevallo in Birmingham, Alabama. Planet Fitness anchors The Shops on Montevallo in Birmingham, Alabama.

Birmingham, Ala. — CBRE has arranged the $8.4 million sale of The Shops on Montevallo, a 64,851-square-foot shopping center located in Birmingham.

The 97 percent occupied property is anchored by Planet Fitness and shadow-anchored by Winn-Dixie. The shopping center was built in 1985 and renovated in 2012. Craig Taylor and Cliff Taylor of CBRE represented the seller, Merchants Retail Partners, in the sale of the property to Baltimore-based Continental Realty Corp. 

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