Federal Realty Acquires Retail Asset In Birmingham For $508 Million With Don Wood As Buyer's Rep

The property asset involved in the transaction is situated at 214 Summit Boulevard in Birmingham, featuring a total square footage of 981,697. The transaction was completed at a sale price of $508,000,000, resulting in a price per square foot of $517.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $508,000,000
• Buyer: Federal Realty - Don Wood
• Seller: JDJ - Jeffrey Bayer & Andrew Miller
• Buyer's Representative: Donald C. Wood - Federal Realty Investment Trust
• Seller's Representatives: Conor Lalor, Eric Williams & Kyle Minter - Newmark; Jeffrey Bayer - Bayer Ventures LLC; Andrew Miller - Miller Capital Advisory & Inc.

This transaction involved key individuals and companies, including the buyer, Federal Realty, represented by Don Wood. The seller, JDJ, was represented by a team consisting of Conor Lalor, Eric Williams, Kyle Minter, as well as Jeffrey Bayer and Andrew Miller from their respective firms.