Branch Properties Acquires Center in Affluent Huntsville Neighborhood

ATLANTA – Branch Properties, an Atlanta-based private real estate investment firm, recently closed on the acquisition of a TJ Maxx, Michaels, and Stein Mart-anchored neighborhood shopping center located in Huntsville, AL.  Situated in the densely-populated and affluent suburbs south of the Huntsville CBD, the center was purchased from Inland Real Estate Corporation.

Westbury Square is a 120,409 square foot neighborhood center anchored by high-performing TJ Maxx, Michael’s, and Stein Mart stores located in Huntsville, Alabama.  The shopping center includes national tenants such as Metro Diner, Chicken Salad Chick, Captain D’s, BB&T, Moe’s, Jenny Craig, Jimmy John’s, and Cricket Wireless, as well as local institutions such as Rolo’s Café and Surin of Thailand.  The center is well-located on 12.10 acres in the dense and affluent suburbs south of Huntsville.  It is situated along the area’s predominate north-south arterial road, Memorial Parkway aka US 231 (71,500 Vehicles Per Day), at its intersection with Airport Road (31,000 Vehicles Per Day).  Within a 3-mile radius of Westbury Square, there is a population of over 48,500 people with an average household income of $70,400, well-above the national average.