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Kontane Logistics relocates to larger facility in Shelby County

By |2021-05-27T09:46:34-05:00May 27th, 2021|Categories: News|

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 portion [...]

Birmingham office market faces inflection point

By |2021-04-15T13:04:38-05:00April 15th, 2021|Categories: News|

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 0.3%, [...]

Developer Eyes Former Automotive Shop Near Pepper Place for Redevelopment

By |2021-04-13T11:03:22-05:00April 13th, 2021|Categories: News|

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 a [...]

TSF Sportswear to occupy new Lakeshore distribution facility

By |2021-04-05T10:00:07-05:00April 5th, 2021|Categories: News|

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 begin [...]

Graham & Co. Purchases 29 Acres off Daniel Payne for Spec Buildings

By |2021-03-24T10:57:25-05:00March 24th, 2021|Categories: News|

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 land [...]

Birmingham millwright union chapter acquires property downtown for new location

By |2021-03-10T13:14:07-05:00March 10th, 2021|Categories: News|

The Millwright & Machinery Erectors Local Union No. 1192 has acquired property for a new location. The local union chapter paid $800,000 for the property at 624 28th St. N. on March 4, according to property records. Currently located at 203 Oporto Madrid Blvd. N., the union decided to buy the property to accommodate growth with [...]

Printer Memorials acquires Bessemer Industrial Building for $1.2M

By |2021-02-23T09:58:30-05:00February 23rd, 2021|Categories: News|

A crane facility in Bessemer has changed hands in a $1.2 million deal. Pinter Memorials Inc. acquired 1355 Industrial Park Drive for almost $15 per square foot with financing from Synovus Bank, according to property records. The deal, which fetched more than 70% of the asking price, closed Feb. 19. Jordan Tubb, vice president at Graham [...]

Office Property in Parkside Sells

By |2021-02-17T12:20:31-05:00January 6th, 2021|Categories: News|

An office building in the middle of all the action in Parkside has a new owner. A Shannon Waltchack affiliate acquired the 101 Parkside building at the corner of First Avenue and 12th Street South right next to the Hesco building. The Dec. 31 deal went for $2.3 million, or about $188 per square foot, [...]

Birmingham investors acquire Paramount building downtown

By |2021-01-05T09:00:47-05:00January 5th, 2021|Categories: News|

A prominent building along Birmingham’s “Main Street” has sold to local investors. Carter Hughes and Bret Connor acquired the Paramount building along 20th Street North as a long-term hold. The tenancy-in-common deal which closed on Dec. 31, went for $2.85 million, according to public records. Selling entity Fun City North LLC, which belongs to Matthew Hogan, had closed on the [...]

Christ Health Center purchases property along Montclair

By |2021-01-04T10:34:26-05:00January 4th, 2021|Categories: News|

A Woodlawn-based nonprofit has purchased property along a busy Birmingham corridor. Christ Health Center purchased property at 750 Montclair Road for $950,000 from the Baptist Health System on Dec. 29, according to public records. The property is located near the former Trinity Medical Center, a storage facility and the Levite Jewish Community Center. Leaders with Christ [...]