Matthews™ Facilitates Sale of Florence Square in Alabama

HUNTSVILLE, AL— Matthews™, a commercial real estate investment services and technology firm, completed the sale of Florence Square, located at 105-189 Cox Creek Parkway S in Florence, Alabama. Matthews™ Senior Vice Presidents Kyle Stonis and Pierce Mayson facilitated the transaction.

 

Located within the Alabama North Area submarket, the 220,571-square-foot multi-tenant retail center serves as a dominant retail destination for the greater Florence trade area. Florence Square is anchored by Academy Sports & Outdoors, T.J. Maxx, and PetSmart, and features a diverse mix of nationally recognized service, dining, and specialty retailers.

 

Leveraging a long-standing relationship with both the seller and the buyer, an affiliate of Hackney Real Estate Partners, the Matthews™ agents were strategically positioned to connect the right capital with the asset’s robust underlying fundamentals, advancing the seller’s disposition goals while creating a clear path to enhance the center’s long-term value. By securing a buyer who recognized a clear opportunity to replace near-term occupants with long-term credit anchors, Matthews™ effectively navigated the nuances of near-term lease expirations to bring the transaction to a successful close.

 

“We were thrilled to successfully arrange the sale of Florence Square to one of our favorite and long-time clients,” Stonis said. “They are the perfect owner to continue to elevate the Center, which presents a rare, strong, and immediately actionable opportunity to add significant value.”

 

For more information, please contact Kyle Stonis and Pierce Mayson or visit www.matthews.com.

 

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.