InvenTrust Sells Shopping Center in Alabama for $33.8 Million

Dothan Pavilion in Dothan, Alabama, is home to tenants including Ross Dress for Less, Bed Bath & Beyond, Ulta Beauty and Barnes & Noble. Dothan Pavilion in Dothan, Alabama, is home to tenants including Ross Dress for Less, Bed Bath & Beyond, Ulta Beauty and Barnes & Noble.

Dothan, Ala. — InvenTrust Properties Inc. has sold Dothan Pavilion, a 327,423-square-foot shopping center in Dothan, for $33.8 million.

Dothan Pavilion Group LLCs acquired the asset, and Jim Hamilton, Richard Reid and Barry Brown of HFF arranged the transaction on behalf of InvenTrust. At the time of sale, Dothan Pavilion was 89 percent leased to tenants including Bed Bath & Beyond, Barnes & Noble, Carmike Cinemas AMC, Michaels, Ross Dress for Less, Dick’s Sporting Goods, Target, Lowe’s Home Improvement, Kohl’s, Moe’s Southwest Grill, Ulta Beauty, Cold Stone Creamery and GameStop. 

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