LBX Investments Completes Birmingham Acquisition
LOS ANGELES, CA, August 15, 2019 – LBX Investments has acquired Promenade Fultondale, a Class B, 208,568 square foot power center located in Birmingham, AL. Fultondale is 96.5% occupied, shadow-anchored by a Target and anchored by a Ross Dress for Less.
About LBX Investments
LBX Investments (LBX) is a real estate investment company that seeks to identify and invest opportunistically in mis-priced assets. We were founded by a team of experienced institutional real estate professionals and focus on acquiring high-quality real estate in premier locations in markets that are experiencing above-average population, income and job growth. Since mid-2016, LBX managing partners Rob Levy and Phil Block have overseen 17 acquisitions comprising $210.6 million in asset value.