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[[Image:Pinnacle at Tutwiler Farm logo.png|right|125px]]
[[File:Pinnacle Tutwiler Farm logo.png|right]]
The '''Colonial Pinnacle at Tutwiler Farm''' is a 75 acre, 446,000 square-foot, $100 million shopping center in [[Trussville]] which opened on [[October 11]], [[2006]]. The center was developed by [[Colonial Properties Trust]] on land previously distinguished by a rocky hillside. Nearby is the [[Promenade at Tutwiler Farm]], also developed by Colonial.
The '''Colonial Pinnacle at Tutwiler Farm''' is a 75-acre, 248,988 square-foot, $100 million shopping center in [[Trussville]] which opened on [[October 11]], [[2006]]. The center was developed by [[Colonial Properties Trust]] on land previously distinguished by a rocky hillside behind and above the nearby [[Promenade at Tutwiler Farm]], also developed by Colonial. In [[2007]] the property was valued at $60.7 million.


Anchor tenants include Belk and JC Penney (who relocated their existing stores from [[Century Plaza]]). Other tenants include Best Buy, Ann Taylor Loft, Chico's, Buckle, American Eagle Outfitters, Jos. A. Banks, Children's Place, Justice for Girls, Portrait Innovations, Learning Express, New Balance, Kay Jewelers, and New York & Co. Local retailers are [[A Rabbit's Tale]], [[Bama Fever/Tiger Pride]], and [[Accessory Heaven]].  Outparcels include restaurants Logan's Roadhouse, [[Cajun Steamer]], and Red Robin Gourmet Burgers.
The original anchor tenants included [[Belk]], [[JC Penney]] and [[Parisian]] (which relocated their existing stores from [[Century Plaza]]). Parisian anchored the east end and designed the two-story 100,800 square-foot location to serve as their new prototype store. During construction of the center, Belk acquired Parisian, and was obligated to operate both of their two stores at the shopping center. The anchor department store spaces are on separate parcels from the remainder of the shopping center.


Belk operates two separate stores in the complex, their original store, and one they acquired from [[Parisian]], a 2-story structure on the eastern end of the shopping center, which was designed to be the Birmingham-based chain's new prototype. While the center was under construction, Belk acquired Parisian, and is obligated to operate both of their two anchor department stores at the shopping center.
In October [[2013]], the [[Trussville City Council]] authorized Mayor [[Gene Melton]] to purchase 2 parcels of land from the center's developer for $1.45 million. Trussville constructed a [[Valley Road (Trussville)|Valley Road extension]] between the Tutwiler Farm subdivision and [[Chalkville Road]], connecting to the shopping center at the northeastern curve of [[Roosevelt Boulevard]].


A Courtyard by Marriott hotel is also in the complex.
Later the property was acquired by an affiliate of Gregory Greenfield & Associates of Atlanta, Georgia. Two major tenants declared bankruptcy in [[2015]]. A special servicer took over financial management of the property in [[2016]], and the owners defaulted on the mortgage in December of that year. [[Wells Fargo Bank]] subsequently executed a deed in lieu of foreclosure and continued to manage the shopping center, which was offered for sale in December [[2019]] with an asking price of $19 million. Wells Fargo eventually put the center up for auction in March [[2021]]. A group of investors affiliated with the Dallas, Texas-based cloud services firm Active Cyber tendered the winning bid of $11.577 million. They retained [[JLL Birmingham]] as property managers and expressed an intention to invest in upgrades to attract family-friendly tenants.


In October [[2013]], the [[Trussville City Council]] authorized Mayor [[Gene Melton]] to purchase 2 parcels of land from the center's developer for $1.45 million. Trussville plans to construct an extension of [[Valley Road (Trussville)|Valley Road]] between Tutwiler Farm subdivision and [[I-59]] into the shopping center at the eastern end on [[Roosevelt Boulevard]].
==Tenants==
[[Image:Pinnacle at Tutwiler Farm logo.png|thumb|right|125px|2006 logo]]
* Pinnacle Square
** 200 (5000): [[Belk]] women's (2006–)
** 210: [[Foot Locker]]
** 220 (5006): [[Kay Jewelers]], former location of [[New Balance]]
** 230 (2,810 sf): [[OS1 Orthopedic Sports Injury Clinic]] (2024–)
** 240: [[Lane Bryant]]
** 310: [[The Children's Place]]
** 320: [[New York & Co.]]
** 330: [[Zales Jewelers]]
** 340: [[Chico's]]
** 410: [[Maurice's]]
** 420 (5018): [[Francesca's Collection]], former location of [[Ann Taylor Loft]]
** 510: [[Men's Wearhouse]], former location of [[Jos. A. Bank]]
** 520: [[Finish Line]]
** 530: [[Great American Cookie Co.]]
** 540: [[Buckle]]
** 610: [[American Eagle Outfitters]]
** 620: [[Claire's Boutique]]
** 630: [[Justice]]
** 700: [[At Home]] (June 21, 2017–), former location of [[Belk]] men's & home (2006–)
** 810: [[The Shoe Dept.]]
** 820: former location of [[Sugarplum Kids]]
** 830: [[Weight Watchers]]
** 910: former location of [[Salon Suites]]
** 915: [[Journeys]]
** 930: [[Aeropostale|Aéropostale]]
** 940:
** 950: [[Crazy 8]]
** 1010: [[Merle Norman]]
** 1020: [[Kirkland's Home]]
** 1100: [[JC Penney]]
** 1210 (5066): [[Lenscrafters]], former location of [[Learning Express]]
** 1220: former location of [[Results Physiotherapy]]
** 1225: [[Moon's Day Spa]]
** 1230: [[Portrait Innovations]]
** 1240: [[GNC]]
** 1300: [[Best Buy]]
** 1410: former location of [[Gadsden Nails]]
** 1420: [[Premier Martial Arts]] (2023–), former location of [[After Hours Formalwear]]
** 1430 (5078): [[Rock N' Roll Sushi]] (2011–), former location of [[Accessory Heaven]]
** 1440: [[Bama Fever/Tiger Pride|Bama Fever]]
** 1505:
** 1510: [[Tina’s Farmhouse]] (2023–), former location of [[Five Guys]]
** 1520 (5084): [[Casa Fiesta]] Grill & Cantina, former location of [[The Loop Pizza Grill]] (2008), [[La Catrina]] (2013–), [[La Bamba]] Mexican Cantina Grill
** outparcels
*** 5029: [[Red Robin]] Gourmet Burgers
*** 5071: [[Cajun Steamer]] Bar & Grill
*** 5083: [[Logan's Roadhouse]]
<!--** former location of [[A Rabbit's Tale]]?-->


==References==
==References==
Line 14: Line 64:
* Tomberlin, Michael (October 11, 2006) "Trussville Pinnacle retail center has official opening." {{BN}}
* Tomberlin, Michael (October 11, 2006) "Trussville Pinnacle retail center has official opening." {{BN}}
* Lloyd, Gary (October 29, 2013) "Trussville to acquire 2 parcels of land for $1.4 million; part of Valley Road extension." ''Trussville Tribune''
* Lloyd, Gary (October 29, 2013) "Trussville to acquire 2 parcels of land for $1.4 million; part of Valley Road extension." ''Trussville Tribune''
* Thornton, William (December 12, 2019) "Trussville’s Pinnacle at Tutwiler Farm is on the market." {{BN}}
* Van der Bijl, Hanno (April 29, 2021) "Pinnacle at Tutwiler Farm sells to Texas investors in $11.5M deal." {{BBJ}}
* Davis, Tira (August 17, 2021) "New owners of the Pinnacle at Tutwiler Farm in Trussville release renovation plans." ''Bham Now''
* Parker, Illyshia (January 18, 2023) "Martial arts and healthy food are coming to The Pinnacle at Tutwiler Farm." {{BBJ}}


==External links==
* [https://www.shoppinnacleattutwiler.com/ Pinnacle at Tutwiler Farm] website


[[Category:Pinnacle at Tutwiler Farm|*]]
[[Category:Pinnacle at Tutwiler Farm|*]]
[[Category:2006 buildings]]
[[Category:Colonial Properties developments]]

Latest revision as of 12:11, 16 April 2024

Pinnacle Tutwiler Farm logo.png

The Colonial Pinnacle at Tutwiler Farm is a 75-acre, 248,988 square-foot, $100 million shopping center in Trussville which opened on October 11, 2006. The center was developed by Colonial Properties Trust on land previously distinguished by a rocky hillside behind and above the nearby Promenade at Tutwiler Farm, also developed by Colonial. In 2007 the property was valued at $60.7 million.

The original anchor tenants included Belk, JC Penney and Parisian (which relocated their existing stores from Century Plaza). Parisian anchored the east end and designed the two-story 100,800 square-foot location to serve as their new prototype store. During construction of the center, Belk acquired Parisian, and was obligated to operate both of their two stores at the shopping center. The anchor department store spaces are on separate parcels from the remainder of the shopping center.

In October 2013, the Trussville City Council authorized Mayor Gene Melton to purchase 2 parcels of land from the center's developer for $1.45 million. Trussville constructed a Valley Road extension between the Tutwiler Farm subdivision and Chalkville Road, connecting to the shopping center at the northeastern curve of Roosevelt Boulevard.

Later the property was acquired by an affiliate of Gregory Greenfield & Associates of Atlanta, Georgia. Two major tenants declared bankruptcy in 2015. A special servicer took over financial management of the property in 2016, and the owners defaulted on the mortgage in December of that year. Wells Fargo Bank subsequently executed a deed in lieu of foreclosure and continued to manage the shopping center, which was offered for sale in December 2019 with an asking price of $19 million. Wells Fargo eventually put the center up for auction in March 2021. A group of investors affiliated with the Dallas, Texas-based cloud services firm Active Cyber tendered the winning bid of $11.577 million. They retained JLL Birmingham as property managers and expressed an intention to invest in upgrades to attract family-friendly tenants.

Tenants

2006 logo

References

  • Tomberlin, Michael (July 28, 2006) "Colonial Pinnacle to Open Oct. 11" Business Brief. The Birmingham News
  • Tomberlin, Michael (October 11, 2006) "Trussville Pinnacle retail center has official opening." The Birmingham News
  • Lloyd, Gary (October 29, 2013) "Trussville to acquire 2 parcels of land for $1.4 million; part of Valley Road extension." Trussville Tribune
  • Thornton, William (December 12, 2019) "Trussville’s Pinnacle at Tutwiler Farm is on the market." The Birmingham News
  • Van der Bijl, Hanno (April 29, 2021) "Pinnacle at Tutwiler Farm sells to Texas investors in $11.5M deal." Birmingham Business Journal
  • Davis, Tira (August 17, 2021) "New owners of the Pinnacle at Tutwiler Farm in Trussville release renovation plans." Bham Now
  • Parker, Illyshia (January 18, 2023) "Martial arts and healthy food are coming to The Pinnacle at Tutwiler Farm." Birmingham Business Journal

External links

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