Broad Street Realty Inc. moved closer to wrapping up its merger agreements after recently closing its merger with BSV Premier Brookhill LLC.

BSV Premier Brookhill, the owner of the 163,291-square-foot Brookhill Azalea Shopping Center in Richmond, Va., merged with and into a wholly owned Broad Street unit. Broad Street issued 2,770,619 common shares to the prior investors in BSV Premier Brookhill.

A unit of the merged entity entered into an agreement with Truist Bank, providing for a $10.1 million modified loan, secured by a mortgage on the Brookhill Azalea property.

Baird is the exclusive financial adviser to Broad Street, with Morrison & Foerster and Shulman Rogers as legal advisers.