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Sanders Capital Partners Closes on Fully-Occupied Redstone Ridge

Marcus & Millichap Facilitates $5.7M Deal in Huntsville
January 17, 2018
Sanders Capital Partners, a locally-based firm that specializes primarily in the development, acquisition and management of healthcare properties, completed a deal to acquire the fully-occupied Redstone Ridge shopping center in Huntsville, AL from Crunkleton & Associates LLC for $5.7 million, or approximately $153 per square foot.

Redstone Ridge, situated about 15 miles east of the Huntsville International Airport, delivered in 2003 at 11700 S. Memorial Pky. The 37,338-square-foot retail building features a diversified tenant roster, including Dollar Tree, GameStop, Perfect Nails, Liberty Tax Service and The Wine Rack, according to CoStar information.

Chapman Brown of Marcus & Millichap represented the seller, while Will Davenport, also of Marcus & Millichap, represented the buyer.

Please see CoStar COMPS #4084922 for more information on this transaction.

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