NEWS & REPORTS

Developers buy Five Points South property

August 16th, 2016

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Developers recently purchased two 20th Street properties in Five Points South and are working on long-term plans for the site.

According to public records, 1024 1030 20th Street South LLC purchased the properties at 1024 and 1030 20th Street South in July from Southside Partners LLC for $1.15 million.

The properties include a vacant space, as well as the spaces that house Cloud Nine Southside Tattoo & Body Piercing Studio and Noni’s.

Len Shannon and Ali Wilburn of Shannon Waltchack represented the seller, while Graham & Co.’s Sam Carroll represented the buyer.

Hunter Renfroe, the registered agent for the buying entity, said he and his partner in Orchestra Partners are still working on long-term plans for the site.

The properties total approximately 10,000 square feet and are located near the Homewood Suites hotel expected to open later this year.

The deal comes at a time when Five Points South has multiple big projects in the works, as well as some notable vacancies.

In addition to the Homewood Suites hotel, Harbert Realty and Cortland Partners are teaming on the Vesta – a massive apartment complex expected to break ground this fall.

The end result of those two projects will be a surge of new visitors and residents in the immediate area, which could further solidify the retail and restaurant mix in Five Points South.

The area has seen a number of prominent brands – such as Firehouse Subs, Chick-fil-A and Waffle House – enter the mix in recent years.

But longtime tenants like Cosmo’s Pizza, Bailey Brothers Music Co. and McNolia’s Cards & Gifts have closed or are in the process of closing, leaving some prominent new vacancies.

[Read article on bbj.com]


Experts: Birmingham industrial market makes big strides in 2016

July 5th, 2016

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Following several large deals in the first half of the year, experts say Birmingham’s industrial real estate market is off to a strong start in 2016.

Ogden Deaton, senior vice president in Graham & Co’s industrial group, said the market is well ahead of where it was at this point in 2015.


Graham & Company, LLC represented the Tenant and the Landlord in this transaction bringing Voestalpine Automotive Body Parts Inc. to Birmingham,AL.

June 21st, 2016

Auto supplier opening $11 million Birmingham plant

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An Austrian auto supplier is opening an $11.1 million plant in Birmingham.

Voestalpine Automotive Body Parts Inc. will outfit an existing facility at 260-A Lyon Lane off of Lakeshore Parkway in Birmingham.

“This investment is an important step in the growth strategy of our company in the U.S.,” Philipp Schulz, local managing director of Voestalpine Automotive Body Parts, said in a statement. “We are very excited about starting operations in Birmingham and being part of the automotive supplier network in Alabama.”

Birmingham is providing $960,237 in tax abatements over 10 years. The plant will employ 42 people.

Voestalpine was founded in 1938 and is headquartered in Linz, Austria. It also sells steel and railway goods.

[ Read article on al.com]


“Prayers for Parker” – Birmingham Heart Walk

June 9th, 2016

Graham & Company and GCP employees will be participating in the Birmingham Heart Walk on Saturday, June 11th! Our team “Prayers for Parker” is walking in honor of our associate Ashley Neil and her daughter Parker, who was recently born with HLHS.  We are excited to be supporting the AHA and their fight to end heart disease for children like Parker and for all of those suffering from heart disease.  Hope to see you in Uptown on Saturday!

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Coca-Cola Bottling Company opens new $35 million distribution center, warehouse in Montgomery

May 10th, 2016

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Coca-Cola Bottling Company dedicated its new, state-of-the-art $35 million distribution center and warehouse in Montgomery on Tuesday.

Montgomery Coca-Cola has added 63 jobs to the workforce since November 2014, and now employs 310 with an annual payroll of approximately $13 million, the company announced.

“The addition of the state-of-the art regional distribution center further enables Montgomery Coca-Cola to continue providing excellent customer service to over 4,000 customers in the in the River Region and throughout counties in central and south Alabama,” the company stated in a release today.

The 855,000 square-foot facility includes: 42,000 square-foot administration space, 10,500 square-foot fleet maintenance area and a 100,000 square-foot Equipment Refurbishment Center to service over 32,000 vending machines, coolers and fountain units for 35 territories in seven southeastern states across the Coca-Cola UNITED franchise.

“What a great day this is for Montgomery Coca-Cola, Coca-Cola UNITED and for our entire community. We are certainly proud to count an organization of this caliber among our business partners,” Montgomery Mayor Todd Strange said in a prepared statement. “This new cutting-edge facility and the jobs it represents speak volumes about the opportunities that exist in Montgomery. We’re grateful this company took advantage of those opportunities and had the vision to see that success happens when you do business here in the Capital of Dreams.”

According to Montgomery Coca-Cola, the new facility located at 4919 Westport Blvd. has the capacity to warehouse over 2 million cases of approximately 675 non-alcoholic beverages.

With 51 loading docks, Montgomery Coca-Cola distributes approximately 13 million cases of non-alcoholic beverages annually in the South Alabama Division of Coca-Cola UNITED. These markets include Dothan, Evergreen, Montgomery and West Point, Ga. The Montgomery warehouse loads all delivery vehicles for the Tuscaloosa Coca-Cola territory.

The sales center serves as the administrative headquarters for the South Alabama Division in the Central Region of Coca-Cola UNITED.

Coca-Cola UNITED plans to acquire the production facility located at 300 Coca-Cola Road in Montgomery.

“Great brands and great people, coupled with our long-term commitment and presence in Montgomery allow us to deliver excellent customer service and the highest quality products to our consumers,” said Claude Nielsen, Chairman of the Board, Coca-Cola Bottling Company UNITED, Inc. “This investment demonstrates our commitment to operating in Montgomery for another 100 years and speaks positively for the growth and favorable business climate in Central Alabama.”

[ Read article on al.com ]



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