University Place Huntsville Alabama

Marcus & Millichap Brokers $16M Sale of Shopping Center in Huntsville

by John Nelson

HUNTSVILLE, ALA. — Marcus & Millichap has brokered the $16 million sale of University Place, a 168,212-square-foot shopping center located at 6125 University Drive in Huntsville. The center was 37 percent leased at the time of sale to tenants such as 88 Kitchen, United States Armed Forces, Cheddar’s Casual Café, Panda Express, Phil’s Restaurant and Zaxby’s. The anchor tenant, Burlington Coat Factory, was not part of the sale. Joseph French Jr., Schuyler Boylan and Eddie Greenhalgh of Marcus & Millichap represented the seller, a private firm based in New York. The buyer is a private investment firm based in Canada.

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