Sanders Capital Partners acquires Hoover retail store

The $3.225 million purchase adds to the firm’s diversified portfolio

Sanders Capital Partners’ recent acquisition in Hoover.

Sanders Capital Partners LLC has completed the $3.225 million purchase of a sporting goods store in Hoover.

The 51,960-square-foot retail store is home to Hoover Tactical Firearms, a locally owned sporting goods store with a pro-shop and an archery and firearms range. HTF was founded in 2009.

“HTF is well located for its customers in the greater Birmingham area. Their facilities are ideal for those looking for expert training resources and the proper equipment for their outdoor and shooting sport pursuits,” said Jackson Stewart, executive vice president and general counsel for Sanders Capital Partners.

Birmingham-based Sanders Capital Partners develops and acquires stabilized income-producing assets including retail centers, medical properties, strategic land and light industrial properties primarily throughout the southeast, midwestern and southwestern United States. 

The Sanders family has been active in the Alabama real estate market for more than 50 years. The Sanders Capital Partners was co-founded by Brooks Sanders and Rance Sanders.

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