Jones Lang LaSalle Inc.
10/29/2026 | Press release | Distributed by Public on 10/29/2026 12:06
JLL arranges $32.5M sale of Village at Lee Branch Phase II in Birmingham
ATLANTA, Oct. 29, 2026 - JLL Capital Markets announced today that it arranged the $32.5 million sale of Village at Lee Branch Phase II, a 223,300-square-foot retail center located at 1201 Doug Baker Blvd. in Birmingham, Alabama.
JLL represented the seller, Cygnus Capital, in the transaction. Hackney Real Estate Partners acquired the asset.
Village at Lee Branch Phase II was 83% leased at the time of sale and is anchored by Onelife Fitness, Hobby Lobby, and Dollar Tree, alongside a complementary mix of restaurant, health and wellness and service-oriented shop tenants. Since the announcement of Onelife Fitness, there has been robust tenant demand, and the property includes approximately 38,000 square feet of remaining vacancy, allowing for continued value-creation potential.
The property is strategically positioned within Meadowbrook and sits along US-280, one of Birmingham's most affluent submarkets and premier retail destinations. The center also benefits from its location adjacent to Village at Lee Branch Phase I, a grocery-anchored shopping center that enhances daily consumer traffic and reinforces the property's role as a regional retail destination.
The JLL Capital Markets team was led by Managing Director Brad Buchanan, Senior Managing Director Jim Hamilton and Vice President Anton Serafini.
JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL's newsroom.
About JLL
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.
About Cygnus
Cygnus is an integrated real estate investment and alternative asset management company focused on opportunistic, special situation, and distressed real estate investments. Cygnus targets long term, absolute returns for investors by applying a differentiated approach to real estate investing. By placing an emphasis on the acquisition, workout, and disposition of real estate debt assets characterized by their complexity, inefficiency, and niche qualities, Cygnus is able to target superior, absolute returns for its investors.
About Hackney Real Estate Partners
Hackney Real Estate Partners is a vertically integrated real estate investment and asset management firm specializing in the acquisition, repositioning, and operation of retail properties throughout the Mid-Atlantic and Southeastern United States. Through its discretionary investment funds and strategic partnerships, HRE pursues value-oriented investment opportunities where disciplined underwriting, active asset management, and specialized operating expertise can generate attractive risk-adjusted returns.
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