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Harbert Realty Services and Incipit, LLC Announce New Publix Anchored Shopping Center

 Harbert Realty Services and Incipit, LLC Announce New Publix Anchored Shopping Center in Enterprise, AL

Feb 2011

Harbert Realty Services, Inc. and Bill Ware of Incipit, LLC are pleased to announce the development of Park Place shopping center to be located in Enterprise, Alabama. Park Place will be a Publix Super Market - anchored shopping center on a 26.2 acre site at the intersection of Boll Weevil Circle (US Hwy 84) and Lee Street (AL Rte 27). In addition to Publix, the project will include approximately 15,400 square feet of small shop space, as well as four outparcels. The construction of the project should be completed in Spring of 2012.

The Enterprise market is part of one of Alabama’s strongest areas, and yet has been underserved in the grocery arena. Publix strives to be the premier quality food retailer in the world, and the Enterprise market will be a strong one, following on the recent entry into the Dothan, Alabama market. Founded in 1930, Publix Super Markets is the largest and fastest-growing employee-owned supermarket chain in the United States. Publix and its associates excel in community involvement, volunteerism and a commitment to its market areas and beyond.

The development will seek to attract strong local, regional and national retailers and restaurants that desire solid demographics, easy access at a lighted intersection, high traffic counts, as well as the unparalleled visibility of locating next to a brand new Publix Super Market. The nearby Army Aviation Center at Fort Rucker, the economic foundation for the area, will continue to solidify the population and retail demand for the foreseeable future. Demand for the shop space is expected to be high based on the quick lease-up of the Dothan Publix-anchored centers.

David Williams, Chief Operating Officer of Harbert Realty Services, states “We are very pleased to have Publix commit to the Enterprise market, and believe that Park Place shopping center will be a retail destination for Enterprise area shoppers for many years to come. Mayor Boswell and the Enterprise City Council have been instrumental in the effort to bring Publix to the market, and we thank them.”

For further information on the project, please contact Parrish Taylor of Harbert Realty Services at ptaylor@harbertrealty.com or 205.458.8134

About Harbert Realty Services

Harbert Realty Services is one of the largest privately held, full service commercial real estate firms in Alabama. Headquartered in Birmingham, the company offers clients expertise in a full range of commercial real estate services honed over 50 years of property ownership, development and management across the state and in Florida. Harbert Realty Services is a majority owned subsidiary of Harbert Management Corporation. Harbert Realty’s mix of experience, resources and global reach allows it to offer clients one of the most comprehensive arrays of customized services in the commercial real estate market. For more information, visit www. harbertrealty.com.