{"id":1004040856,"date":"2012-06-04T06:40:30","date_gmt":"2012-06-04T14:40:30","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004039748"},"modified":"2022-12-07T23:45:21","modified_gmt":"2022-12-08T07:45:21","slug":"os-holdings-sells-603-ksf-mixed-use-bridge-street-town-center-in-alabama","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/os-holdings-sells-603-ksf-mixed-use-bridge-street-town-center-in-alabama\/","title":{"rendered":"O&amp;S Holdings Sells 603 KSF Mixed-Use Bridge Street Town Centre in Alabama"},"content":{"rendered":"<p><strong>By Barbra Murray, Contributing Editor<\/strong><br \/>\n<a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/06\/060412-Bridge-Street-Huntsville-Alabama.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/06\/060412-Bridge-Street-Huntsville-Alabama.jpg\" alt=\"\" title=\"060412 - Bridge Street Huntsville Alabama\" width=\"300\" height=\"232\" class=\"alignright size-medium wp-image-1004039749\" \/><\/a><\/p>\n<p>Five years after developing Bridge Street Town Centre as part of the mixed-use Bridge Street development in Huntsville, Ala., O&amp;S Holdings has sold the 600,000-square-foot lifestyle center to Miller Capital Advisory.<\/p>\n<p>Carrying the address of 340 The Bridge St., the multi-structure Bridge Street shopping destination sits within the 4,000-acre Cummings Research Park. Cummings&#8217; position as the second largest research park in the country has provided a helping hand in the center&#8217;s success, as have the remaining components of the mixed-use property, which includes the six-story, approximately 150,000-square-foot The Office at Bridge Street tower and a 210-room Westin Huntsville hotel topped by 74 premier residential units.<\/p>\n<p>&#8220;The vision behind Bridge Street was to create a dynamic shopping, dining and entertainment experience unlike any other in the community,&#8221; said Doug Badia, executive vice president with O&amp;S Holdings. &#8220;The community and business partners at Bridge Street have embraced this vision and elevated Bridge Street Town Centre to one of the premier mixed-use developments in the Southeast.&#8221;<\/p>\n<p>Huntsville may not be high on the retail radar, but the market is on an upswing. The city closed 2011 with a vacancy rate of 9.9 percent &#8212; the lowest since 2007 &#8212; and power centers fared even better with a vacancy rate of 9.3 percent, according to a report by commercial real estate services firm Graham &amp; Co. &#8220;The outlook for retail real estate indicates a healthy 2012.&#8221;<\/p>\n<p>On a national level, investors continue to compete for top-notch assets in top-tier markets but interest in premier properties in tertiary markets appears to be on the rise. Last week, Hull Storey Gibson Cos. L.L.C. announced the acquisition of the 434,300-square-foot Liberty Fair Mall in Martinsville, Va.  And in May, Glimcher Realty Trust purchased  One Nineteen, a 165,000-square-foot center in Leawood, Kans., for $67.5 million; and CBL &amp; Associates Properties bought  the 623,000-square-foot Dakota Mall in Minot, N.D., for $91.5 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Five years after developing Bridge Street Town Centre as part of the mixed-use Bridge Street development in Huntsville, Ala., O&amp;S Holdings has sold the 600,000-square-foot lifestyle center to Miller Capital Advisory.<\/p>\n","protected":false},"author":1201,"featured_media":1004044037,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21751,21783,21752,21742,21747,21785,21749],"tags":[],"class_list":["post-1004040856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hotel","category-investment","category-mixed-use","category-latest","category-office","category-property-management","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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