🛍️💰 THE SUMMIT SELLS FOR $508M: Birmingham’s largest retail destination has a new owner. thesummitbirmingham been acquired by Maryland-based Federal Realty Investment Trust in a $508 million deal. Here’s what to know 👇 What you should know: 💰 Sold for $508 million 🏢 Purchased from Birmingham-based creatingplacespeoplelove Bayer Properties 📍 Located at the intersection of I-459 + U.S. 280 🛍️ More than 110 tenants 📐 100 acres + 870,000 square feet 👀 Nearly 9 million visits annually 📊 92% occupied ⭐️ A TOP U.S. RETAIL DESTINATION ⭐️ 🏆 Named the No. 10 retail center experience in the U.S. for 2025 by Chain Store Age 🛍️ Home to major brands including Apple, Trader Joe’s, Nordstrom Rack, Barnes & Noble + Belk ✨ Known for bringing first-in-Alabama retailers to the Magic City 📈 WHAT’S NEXT? Federal Realty says opportunities to acquire properties like The Summit are rare + the company is excited to add the Birmingham destination to its portfolio. 🔗 Click the link in bio for th...