DALLAS (April 2, 2014) – Cypress Equities announced today the acquisition of Brookwood Village, a dynamic mixed-use development located in the affluent Mountain Brook area of Birmingham, Ala.  This transaction was secured by a Fund managed by Cypress’ real estate investment management group which has acquired more than $400 million dollars of retail properties during the last year.

The 816,000-square-foot Brookwood Village consists of a 604,000-square-foot, two-level enclosed mall, a 41,900-square-foot grocery-anchored retail component, plus a nine-story 170,000-square-foot Class “A” office building.  The retail portion of the project is anchored by Macy’s, Belk and Books-A-Million, and also features such top brand names as Banana Republic, Brookstone, Jos. A. Bank, LOFT, Victoria’s Secret and Z Gallerie.  In addition, leading branded footwear and accessories retailer DSW Designer Shoe Warehouse opened an 18,000-square-foot location at Brookwood Village adjacent to The Fresh Market on March 13.  The office building is 98% leased and features widely recognized tenants including Kinder Morgan, Merrill Lynch and PWC.

“Cypress Equities is excited to add Brookwood Village to our portfolio of properties,” stated Todd Minnis, managing partner and CIO of the real estate investment management division of Cypress Equities, which acquired the property. “The development is situated at the convergence of communities that comprise some of the strongest demographics in Birmingham.  Although the property already showcases an impressive roster of successful retailers and restaurants, our team has plans to further position Brookwood Village as the preeminent mixed-use development in the market.”

Among the city’s numerous accolades, The National Civic League selected Birmingham as one of “Ten All-America Cities” in June 2013.

“The acquisition of Brookwood Village is another great step in Cypress’ plans to develop, acquire and manage new and more diverse retail commercial properties throughout the country,” added Chris Maguire, CEO of Cypress Equities and SRS Real Estate Partners. “Steady growth in the market, bolstered by Birmingham’s expanding biotechnology sector and diversified economic base have contributed to our decision to invest in this premier lifestyle destination.”

Scott Tiernan, Kyle Stonis and Pierce Mayson, all from the investment sales team of SRS Real Estate Partners assisted Cypress Equities with the acquisition.  SRS’s Martin Smith, who also assisted with the acquisition, will direct project leasing alongside the in-house Cypress Equities team.

About Cypress Equities

Cypress Equities* (Cypress) was founded in 1995 and has since established a national reputation synonymous with the premier development, operation and management of destination-class retail and mixed-use properties throughout the U.S.  Historically, Cypress has developed and acquired more than 17 million square feet and currently is developing and managing a portfolio of more than 9.4 million square feet of retail, office, residential and automotive real estate. Today, there are five Cypress Equities offices throughout the U.S., including Dallas (headquarters), New York, San Francisco, Atlanta and Fort Lauderdale. Visit www.cypressequities.com for more information.

*The Cypress Equities name, logo and other marks are trademarks and service marks being licensed to independent operating companies by CE Brands, LLC. Any particular obligation, service or product is the sole responsibility of the specific entity that incurs such obligation or supplies such service or product.