Source: The Birmingham News
A Birmingham law firm is expanding its office with the purchase of a building in Liberty Park.
Friedman, Leak, Dazzio, Zulanas & Bowling P.C. has purchased the office now occupied by real estate investment company Equity Resources LLC. The firm is investing $2.4 million in the building, including the purchase price and tenant improvements.
Friedman Leak now occupies about 12,000 square feet at the Colonnade and is moving into larger quarters in Liberty Park, said Dan Lovell of Graham & Co, who represented the firm in the deal.
Its new office, set among the woods at 3800 Corporate Woods Drive, covers more than 16,600 square feet and features lots of glass and high-end finishes. “They have been looking to purchase a building for the last 12 to 18 months and really thought the timing was good to be a buyer,” Lovell said.
Friedman Leak obtained a loan from the Small Business Administration to complete the deal, Lovell said. Rates for such loans are now at historic lows of around 5 percent, and President Barack Obama’s administration has waived several fees, he added. The firm is expected to move in Dec. 1.
With 14 attorneys, Friedman Leak is a general litigation firm with a focus on blasting and mining law, commercial litigation and insurance litigation. The firm, which is about 11 years old, has been growing in recent years, said partner Tommy Dazzio. “It’s a good market for us to try to buy something, and we love this location,” he said. “It took a while to determine whether it would work, but we feel like Liberty Park is an area that’s going to continue to grow.” [fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][ read article at al.com ][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]