A developer is gearing up to break ground on a longtime hotel project next to the BrickTop’s restaurant. Aum Enterprises is poised to begin construction on the new Residence Inn by Marriott at 2800 U.S. 280 S. in Homewood with completion expected by the end of the year. It’s a six story, 120-unit hotel with … Read More
An investor group has purchased a building in Vestavia Hills just off the heavily traveled Highway 31 corridor. VOP 100 LLC purchased 100 Vestavia Parkway from F/F2 LLC for $3.1 million, according to a release. VOP 100 LLC is registered to Thomas N. Carruthers III, and F/F2 LLC is registered to C T Corporation System … Read More
A building in the Highpoint Office Center in Vestavia has a new owner. Mountaintop Holdings sold the Chambers building to affiliates of Engel Realty Co. for $2.7 million, or more than $75 per square foot. The selling entity is a holding company for Mountaintop Community Church, which is located across Centerview Drive from the property. … Read More
Despite facing headwinds from high steel prices, a local developer is bullish enough on the strong demand for industrial space to move forward with a speculative project in Birmingham. Graham & Co. is investing $15 million in the first phase of “Crossroads Commerce Center,” a new industrial development off Daniel Payne Drive in the Hooper … Read More
B.L. Harbert International has bought more office space in Mountain Brook. The large general contractor paid $2.75 million for 500 Office Park Drive, Unit 1, or about $115 per square foot, according to public records. The purchasing entity was 500 Office Park East LLC, and the deal closed June 3. B.L. Harbert bought the approximately … Read More
An industrial packaging supplier for Mercedes-Benz U.S. International has moved into a larger space in Shelby County. Kontane Logistics Inc. has opened in a new facility at 500 Alabama 70 in Columbiana after an extensive renovation project led by Graham & Co. The company, which provides wood crates to MBUSI, is taking space in a … Read More
With overall occupancy down almost 2% last year, Birmingham’s office market fared much better than expected. That’s according to the latest office market survey by Graham & Co. with input from a handful of other real estate brokerages in town. Despite the pandemic, rental rates actually rose in every submarket at an overall rate of … Read More
A former automotive shop near Pepper Place could soon be redeveloped. Graham & Co. is working with the owner of the Russell Speed Shop along Third Avenue South to reimagine the property for retail or office use. John Coleman and Matt Gilchrist of Graham & Co. are working on the project. Coleman and Gilchrist said they have received … Read More
A new distribution facility on Lakeshore Parkway is for a wholesale apparel company based in Florida. TSF Sportswear has signed a long-term lease for the 187,000-square-foot distribution center that Graham & Co. is developing across from the Dollar General facility. The final design of the new facility is in the works with construction expected to … Read More
A new economic development project is getting underway in Birmingham. Graham & Co. purchased 29 acres of land off Daniel Payne Boulevard on Tuesday for $2.5 million from American Cast Iron Pipe Co. and has plans to immediately start construction on a speculative warehouse building to recruit business to the metro area. The Opportunity Zone … Read More
