Dallas group acquires Birmingham’s Bayer Properties

Bayer’s portfolio includes the Summit, Pizitz building

The Summit in Birmingham. Birmingham-based developer Bayer Properties, the name behind properties such as the Summit and downtown’s Pizitz building, has been acquired by Dallas-based Centennial. Terms of the deal were not announced, but the deal gives Centennial Bayer’s management portfolio, including “nearly 8 million square feet of open-air fashion, power and neighborhood centers, as…

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