Graham & Co. announced it has acquired Brookmont Realty Group, a full service commercial real estate firm based in Birmingham, Alabama, that has a particular focus on developing, leasing and managing Class A office projects.
Brookmont was founded by Charles Simpson and David Walker in 1997, who were later joined by Bo Grisham and Edward Nobinger as principals. All four joined Graham & Co. after the merger. Terms of the deal were not disclosed.
In a statement, Graham & Co. Vice President Matthew Graham said the merger will help his company meet two major goals it had set as part of its overall growth strategy: to enhance its property management services and expand its office development capabilities.
“Bringing Brookmont into the fold has been the most seamless way to accomplish those goals and strengthen our offerings to our clients,” said Graham in a statement announcing the merger. “Brookmont has an excellent reputation for high-touch property management, and their principals have extensive office leasing and development experience in some of the largest markets in the South.”
The two firms have collaborated in the past. In 2007, Graham was an investment backer of Brookmont’s Lakeshore Crossings Business Park development and the firms co-listed the sale of several office buildings and a warehouse at Lakeshore Crossings.
Brookmont’s major projects included the property management and leasing of the Synovus Center’s 820 Shades Creek Parkway and 850 Shades Creek Parkway buildings. It also handled asset and property management of the International Park KBR headquarters, the listings for several Century Park buildings and Chase Park South and the development of the Concord Center on Third Avenue North, all in the Birmingham area.
Graham & Co. said it leases and manages more than 10 million square feet of office, warehouse, industrial and retail space throughout Alabama and Florida and maintains offices in Birmingham, Huntsville and in Panama City on Florida’s Gulf Coast.
Major properties in its portfolio include the First US Bank headquarters, the Veterans Affairs Medical Office Building in Birmingham as well as the Mercedes Benz Global Service Parts Warehouse in Vance, Alabama.