BIRMINGHAM, ALA. — Cypress Equities has acquired Brookwood Village, an 816,000-square-foot mixed-use center in Birmingham’s affluent Mountain Brook neighborhood. A fund managed by Cypress Equities’ real estate investment management group secured the transaction. Brookwood Village consists of a 604,000-square-foot, two-level enclosed mall; a 41,900-square-foot grocery-anchored retail property; and a nine-story, 170,000-square-foot Class A office building. Tenants of the mall include anchors Macy’s, Belk and Books-A-Million, as well as Banana Republic, Brookstone, Jos. A. Bank, LOFT, Victoria’s Secret and Z Gallerie. Additionally, an 18,000-square-foot DSW Designer Shoe Warehouse recently opened a store adjacent to The Fresh Market. The office building is currently 98 percent leased to tenants including Kinder Morgan, Merrill Lynch and PWC. Martin Smith, Scott Tiernan, Kyle Stonis and Pierce Mayson of SRS Real Estate Partners represented Cypress Equities in the transaction. Smith will direct project leasing alongside Cypress Equities’ in-house team.
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