Philip Burton Of Burton Property Group Acquires 389,471 Square Foot Retail Center In Vestavia Hills For $76M

The property involved in this transaction is a retail asset located at 700 Montgomery Highway in Vestavia Hills, AL. The retail center spans 389,471 square feet and sits on 28 acres. The sale price for the asset was $76,000,000, resulting in a price per square foot of $195.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $76,000,000
• Address: 700 Montgomery Highway
• Market: Vestavia Hills, AL
• Size: 389,471 square feet
• Price per Square Foot: $195
• Buyer: Philip Burton - Burton Property Group
• Seller: KPR Centers
• Acreage: 28

Philip Burton represented the buyer in this transaction through Burton Property Group, while KPR Centers listed the property for sale, executing the transaction on July 14, 2026.