# @bhamnow on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/Dd-LJ8bFMwf
- **Gondola URL:** https://gondola.cc/posts/71301544-bhamnow-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/497419a129.jpg
- **Posted:** 2026-10-02T00:15:49.000+00:00
- **Account Owner:** Bham Now (@bhamnow) — https://gondola.cc/bhamnow

## Caption

🛍️💰 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 the full story + more details!

https://f.mtr.cool/h9fbzjd5w9

🤔 What do you think about The Summit’s $508M sale? Tell us in the comments 👇

#birminghamal #bhamal #bhamnow #thesummit #birminghambusiness #retail #retailnews

## Stats

- **Views:** 0
- **Likes:** 3,578
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- **Comments:** 130

## Tags

retail, birminghamal, thesummit, retailnews, bhamal, birminghambusiness, bhamnow

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