5Rivers CRE Acquires Retail Property In Montgomery, AL For $61M

A retail property located at 7274 Eastchase Parkway in Montgomery, AL has been sold for a total of $61,000,000. The property spans approximately 388,700 square feet, resulting in a price per square foot of $157. The transaction took place on January 11, 2023. The buyer of the property is 5Rivers CRE.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $61,000,000
• Address: 7274 Eastchase Parkway, Montgomery, AL
• Market: Montgomery, AL
• Buyer: 5Rivers CRE
• Brokers: Alex McDonald, Alex Quarrier & Rob Carter - Berkeley Capital
• Square Footage: 388,700
• Price per Square Foot: $157

The deal was facilitated by the brokers Alex McDonald, Alex Quarrier, and Rob Carter from Berkeley Capital.