Newmark Arranges Historic $508M Sale of The Summit, Alabama's Premier Lifestyle Destination
PR Newswire•06/10/2026•10:30 ET
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Key Highlights
- ➤$508M sale of The Summit marks Alabama’s largest single-property transaction
- ➤870,000-square-foot lifestyle destination sold by JDJ to Federal Realty
- ➤The Summit approximately 95% leased with strong leasing momentum
- ➤Newmark generated more than $3.6B revenue in twelve months ended June 30, 2026
Expert Statements
Conor Lalor, President and Head of Retail Capital Markets for North America at Newmark
“The Summit is an irreplaceable asset with a dominant market position, exceptional demographics and meaningful growth potential.”
Conor Lalor, President and Head of Retail Capital Markets for North America at Newmark
“Investor demand for high-quality lifestyle retail continues to strengthen nationwide, and opportunities to acquire assets of this scale and quality are increasingly rare.”
Newmark Arranges Historic $508M Sale of The Summit, Alabama's Premier Lifestyle Destination PR Newswire
Retail Property Sale Marks the Largest Single-Property Transaction in Alabama History(1)
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