Centre at Riverchase Sells for $17.5 Million in Hoover, Alabama

Centre at Riverchase, a 132,000-square-foot retail shopping center located at 1694 Montgomery Highway in Hoover, Alabama, has successfully sold for $17,538,650, according to The Palomar Group, which facilitated the transaction.

The property features a strong lineup of national tenants including Crunch Fitness, Guitar Center, and AutoZone, along with a diverse mix of additional national and local retailers. Located in Birmingham’s most successful retail market, Centre at Riverchase attracted significant national and regional investor interest throughout the marketing process.

The buyer was a Family Office, and the seller was RCG Ventures. The transaction closed on December 12, 2025.

“This was a repeat buyer and seller in this transaction, and things couldn’t have gone smoother with less than 30 days from contract to close,” said Ryan McArdle, Partner at The Palomar Group.

The sale underscores continued demand for well-located, multi-tenant retail assets with strong tenancy and long-term fundamentals in the Southeast.

About The Palomar Group

Headquartered in Augusta, GA, The Palomar Group is a full-service commercial investment sales firm specializing in the sale of single-tenant, multi-tenant, and multifamily properties across the United States. With a proven track record of over $1.5 billion in transactions spanning 19 states and more than 14 million square feet, The Palomar Group is committed to delivering exceptional results through data-driven strategies, deep market knowledge, and a client-first approach.