Burton Property Group And Peaceable Street Capital Close $123M Recapitalization Of Alabama Shopping Center Portfolio

2550 Mckenzie Street, 2140 S. Mc Kenzie St., Foley, Al 36535, 2140 Mckenzie Street & 7765 Airport Blvd., Mobile, Al 36608

$123,000,000

$39/SF

Building Size

3,140,000 SF

Asset Type

Retail

Closing

Sep 3, 2025

AI

A recapitalization loan of $123,000,000 was secured for a four-property shopping center portfolio in Foley, Alabama, comprising a total square footage of 785,000. The properties are situated at 2550 McKenzie Street, 2140 S. McKenzie St., Foley, AL, 6850 U.S. Highway 90, and 7765 Airport Blvd., within the Foley, Daphne & Mobile, AL market. The portfolio is reported to be 98% leased.

Summary of transaction details:

Property Type: Retail
Transaction Amount: $123,000,000
Loan Type: Recapitalization
Landlord: Burton Property Group & Peaceable Street Capital
Brokers: Jim Hamilton, Brad Buchanan & Andrew Michols - JLL

The transaction was facilitated by Burton Property Group and Peaceable Street Capital, who were instrumental in closing the recapitalization deal with the associated brokers from JLL, including Jim Hamilton, Brad Buchanan, and Andrew Michols.

Players