New office property near English Village sells for $3M

//New office property near English Village sells for $3M

New office property near English Village sells for $3M

A newly constructed office property near English Village has a new owner.

Oxmoor Holdings LLC acquired 2231 20th Ave. S. for more than $3.049 million, or about $275 per square foot, in deals that closed this week, according to Jefferson County public records.

Matt Gilchrist of Graham & Co. was the listing broker.

The purchasing entity is registered to Ken Horton and Judy Horton of NuTech Spine and Biologics in Birmingham. The Hortons did not immediately respond to requests for comment about their plans for the office property. NuTech’s office space on the fourth floor of The Luckie Building is currently available for sublease with Philip Currie of J.H. Berry & Gilbert Inc. as the listing agent.

The selling entities in the transactions include C & W Jones Investments LLC, which is registered to Alex Jones, and English Place LLC, which is registered to John F. Chapman.

Located in the Redmont neighborhood, the property sits on about a third of an acre, and the county’s Board of Equalization pegged the total market value of the property at $511,600 last year.

The transaction is significant as the office property lies a few blocks from English Village’s retail corridor on Cahaba Road. It also adds to activity in Redmont as David Silverstein is looking to develop the former Bayer Properties’ headquarters for mixed-use, and Chapman acquired properties across the street from that site on Arlington Avenue.

By |2020-06-08T10:15:44-06:00June 8th, 2020|Categories: News|0 Comments

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