Matthews Arranges $13.8 Million Sale of Shopping Center in Huntsville, Alabama

The Gallery Shopping Center was 95 percent leased at the time of sale. The Gallery Shopping Center was 95 percent leased at the time of sale.

Huntsville, Ala. — Matthews Real Estate Investment Services has arranged the $13.8 million sale of The Gallery Shopping Center, a 101,498-square-foot retail center located near the $350 million Mid-City mall redevelopment in Huntsville.

A Florida-based private family office acquired the asset from Plaza Properties via a 1031 exchange. Jordan Powell and Scott Henard of Matthews arranged the transaction on behalf of both parties. The Gallery Shopping Center was 95 percent leased at the time of sale.

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