Commercial Real Estate Development & Acquisition
Birmingham, Alabama | (205) 438-6565
Sanders Capital Partners Acquires Key 25-Acre Site for $4.3 Million
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Birmingham, Ala. – Sanders Capital Partners, LLC (SCP), a Birmingham, Alabama based real estate acquisition and development firm, has acquired 25 acres of land along Alabama Highway 119 for $4.3 million. The property is leased to long time, iconic landscape supply company SiteOne Landscaping Supply, Inc. (NYSE:SITE). SiteOne, formerly John Deere Landscapes, is the largest landscape supply company in the country.
“SiteOne’s ability to navigate smart growth in varied economic environments is an obvious attraction to us as a landlord. The location of the physical site along the expanding, affluent 280/119 corridor was also a key factor in our decision to purchase the property.” said Brooks Sanders, Vice President of Sanders Capital Partners. “We are pleased to acquire such a prime site that complements our rapidly growing and diverse portfolio.”
ABOUT SITEONE LANDSCAPE SUPPLY, INC. SiteOne Landscape Supply, Inc. is a Roswell, Georgia-based landscape supply company that serves residential and commercial landscape professionals. SiteOne trades on the New York Stock Exchange (SITE) and serves more than 175,000 customers at its 471 branch locations throughout the United States and Canada.
ABOUT SANDERS CAPITAL PARTNERS Sanders Capital Partners develops and acquires office buildings, retail centers, multi-family, and strategic land throughout the southeastern United States. SCP’s principals have developed or acquired more than 70 properties during the last 30 years.
SCP is a new platform created to provide significant capital and real estate expertise to acquire or develop stabilized incoming-producing assets throughout the Southeast. SCP currently owns properties in the University of Alabama at Birmingham area, Irondale, Trussville, Forestdale, Rocky Ridge, Greystone, and Liberty Park.
Media Information Contact: Megan McIllwain, 334-462-0193
Additional Links:
http://www.al.com/business/index.ssf/2016/09/25-acre_highway_119_property_s.html
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