Pine Tree Silverpeak JV teams with Privet to acquire Alabama center

Northbrook, Ill. -- Pine Tree Silverpeak Retail Partners, a joint venture between Northbrook, Ill.-based Pine Tree Commercial Realty and New York City-based Silverpeak Real Estate Partners, recently teamed up with New York City-based Privet Investments in the acquisition of Hamilton Place Shopping Center in Auburn, Ala.

The partners purchased the grocery-anchored shopping center from an Alabama-based developer, assuming existing financing. Publix anchors the 79,540-sq.-ft. center.

Pine Tree Commercial Realty will be handling the property management and will share leasing responsibilities with The Shopping Center Group, based in Birmingham, Ala.
 

Recommended stories

Login or Register to post a comment.