City: Vestavia Hills

Burton Property Group has paid $76 million, or $195/sf, for the 389,471-square-foot Vestavia Hills City Center retail property in the Birmingham, Ala., suburb of Vestavia Hills, Ala. The Mobile, Ala., developer, which started life as Smith's Bakery in the early ...

The deal was financed with a seven-year, $41.1 million loan from American Home Assurance Co.