Graham Commercial Properties has formed a management services firm.
The Birmingham-based industrial acquisitions firm launched GCP Management Services LLC in order to integrate the property management and accounting divisions of its real estate company, Graham & Co. into GCP.
The firm was formed in January.
“We thought that forming GCP Management Services was a ‘win-win’ strategy for all concerned” said Steve Graham, co-founder of Graham Commercial Properties. “From this new larger platform, GCP will be able to provide even better service to our existing customers and to the many new properties we expect GCP to acquire in the near future. This permits our outstanding team of brokers and agents at Graham & Company to focus exclusively on what they do best – lease and sell properties – while also allowing Graham & Company to continue to provide development and appraisal services.”
GCP was founded in 2013 as a real estate holding company that focuses on the acquisition of industrial real estate properties.
“The decision was simple. We needed to evolve and grow the investment and property management arm of our business without altering the core leasing and sales services our agents have always delivered. GCP has done just that,” said Mike Graham.
GCP recently acquired a 25-acre industrial site in Jacksonville, Fla., a $21 million investment into Interstate South Commerce Center.
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