Shoppes at Bel Air

JLL has been retained as exclusive advisor for the sale of The Shoppes at Bel Air (the “Property”), a well-located, super-regional mall with limited direct competition and substantial upside potential. Comprising approximately 1,239,604 square feet (“SF”) of gross leasable area (“GLA”), the Property offers a strong anchor and big-box lineup comprised of Belk (232,875 SF), Dillard’s (208,990 SF, non-owned), Target (125,000 SF, non owned), an available anchor box (199,148 SF), and recent additions, the family friendly, food and entertainment focused, Surge Entertainment by Drew Brees (126,000 SF, non-owned) and junior anchor Kidlavie 26,222 SF).

The Property is situated on approximately 98.3 acres (~61.5 acres owned, including a portion on a ground lease) and prominently located adjacent to Interstate 65. As the largest municipality on the Gulf Coast between New Orleans, Louisiana, and St. Petersburg, Florida, Mobile has become an economic and cultural center of the Gulf Coast. As the oldest continuously operating enclosed regional mall in Alabama, The Shoppes at Bel Air has a powerful retail presence. Located at a prime intersection in the city of Mobile, the Property offers a compelling anchor line-up and an appealing mix of shopping, dining and entertainment venues.