Federal Realty Investment Trust Acquires Summit Shopping Center In Birmingham For $508M
214 Summit Boulevard
$508,000,000
Building Size
—
Asset Type
Retail
Closing
Oct 1, 2026
About this deal
AI
The retail asset located at 214 Summit Boulevard in Birmingham, AL, was sold for $508 million. This transaction features a prominent shopping center within the Birmingham market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $508,000,000
- Buyer: Donald C. Wood
- Buyer's Company: Federal Realty Investment Trust
The sale involved Donald C. Wood representing Federal Realty Investment Trust as they acquired the Summit shopping center, enhancing their presence in the retail sector.
The retail sale at 214 Summit Boulevard in Vestavia, Alabama sold for $508M in 2026. 214 Summit Boulevard is classified as Retail on Traded. Named participants on the 214 Summit Boulevard sale are Donald C. Wood. This page is the Vestavia, Alabama file for the 214 Summit Boulevard retail sold: pricing, party profiles, and other closed retail comps from the same Vestavia sit in the Market section below. Filter that Vestavia retail set by closing date to see what else sold near 214 Summit Boulevard around 2026. Published consideration for 214 Summit Boulevard is $508M, dated 2026. Cite this Federal Realty Investment Trust Acquires Summit Shopping Center In Birmingham For $508M sale when underwriting similar retail product around Vestavia, Alabama.
On the Map
$508,000,000
Retail
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Vestavia Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93