Big V Property Group has closed on Westside Centre, a 655,638 SF community shopping center located at 6275 University Drive NW in Huntsville, AL. The center was purchased for $35.9 million. Westside Centre is well-positioned along the busy University Drive retail corridor, where over 58,000 vehicles per day pass the property. The center is adjacent to 4,000-acre Cummings Research Park, which is the second largest research park in the country and the fourth largest in the world.
Westside Centre is shadow-anchored by Super Target and has many national tenants including Big Lots, Stein Mart, Tuesday Morning, Pet Smart, Ross Dress for Less, Shoe Carnival and Party City. The center also has a diverse mix of smaller national and local tenants, including many restaurants and service-oriented tenants. It is 74% leased and represents a significant value-add opportunity for our investors.
Big V Property Group owns and operates 44 neighborhood and community shopping centers totaling over 5.3 million square feet, primarily located in the southeastern region of the US. Big V Property Group has 34 employees located in five offices with major offices in Charlotte, NC, Bristol, TN and Florida, NY.
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