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Grandview I, a Class-A office building in Birmingham has sold.
The 114,552 square-foot six-story office building – located in what is expected to become a major growth area in the years to come- was sold to KBC LLC by Redus Alabama Commercial LLC.
Dan Lovell of Graham & Co. represented the seller in the investment sale. Keith Hazelrig of Hazelrig Realty represented to buyer of the property. According to public records, KBC LLC Is registered to William Cobb Hazelrig.
The purchase price was not disclosed.
“The Class-A asset received multiple offers and was purchased as a value-add opportunity in a submarket that is expected to see increased activity,” a release from Graham & Co. said.
The office building sits on 7.5 acres at 3535 Grandview Parkway near the intersection of U.S. 280 and I-459. It is near the 1 million-square-foot Grandview Medical Center that is currently under construction.
The U.S. 280 submarket is one of Birmingham’s largest when it comes to office with 6.6 million square feet of office space.
[/fusion_builder_column][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 bizjournals.com][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]