List leader optimistic on the local CRE market

October 14th, 2014

Graham & Co. LLC has long been a leading player in the Birmingham commercial real estate market. This week, the company topped our List of commercial property management firms for the third consecutive year with over 7 million square feet managed locally. The firm beat out local CRE heavyweights like CBRE and EGS Commercial Real Estate Inc. for the top spot.

John Coleman, vice president at Graham & Co., recently shared his upbeat take on the local CRE market in an email interview with the BBJ.

How is business? It appears to finally be going in the right direction. We have seen positive activity, true absorption, expansions and new companies to the market.

How are you trying to keep ahead of the competition? We have a five-man industrial team that handles from 1,000 to over 1 million square feet. It allows us to provide more coverage and better service to our clients.

How does competition look in the Birmingham area? Last year there were still a good many deals driven by pricing. This year, deals seem to be driven more by demand. This is also illustrated with multiple offers on properties.

Do you see any notable trends in the local market? Continued interest in purchasing existing product rather than new construction. As inventory declines, new construction will be the only option.

Are there any promising areas in the commercial market? I think as the economy continues to improve, we will start seeing some real grow in the industrial sector. This would further support potential new construction.

Are there any memorable recent deals that spring to mind? Two large leases in Shelby County for 247,000 and 263,000 square feet- local company expansions. These types transactions have a tremendous impact on the overall market.

Do you foresee market growth into 2015? I think the activity will continue due to the increased demand and lack of new product. Rental rates will most likely increase and you may start to see more construction.

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Top of the List: Birmingham’s largest property managers

October 14th, 2014

Prospects for commercial real estate in Birmingham appear bright due to increasing demand and rent growth bolstering local real estate firms.

Birmingham property managers are optimistic about the health of the CRE market.

“(Business) appears to finally be going in the right direction,” said John Coleman, vice president at Graham & Co. LLC. “We have seen positive activity, true absorption, expansions, and new companies to the market.”

With over 7 million square feet managed locally, Graham & Co. tops our newest List of commercial property management firms.

Firms in the top 24 account for nearly 50 million square feet of managed property. In addition to total square feet of managed property, our List breaks down the different types of property managed by each company.

Top of the List

The top five commercial property management firms by square feet managed locally are:
1. Graham & Co. LLC – 7,548,575 sq. ft.
2. EGS Commercial Real Estate Inc.- 6,834,611 sq. ft.
3. CBRE- 4,704,035 sq. ft.
4. Southpace Properties Inc.- 4,140,151 sq. ft.
5. Colliers International- 3,300,000 sq. ft.

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GoAct – Graham Outreach

August 1st, 2014

Back-to-School Backpack Drive


GoAct – Graham Outreach: Graham & Co participated as a Pacesetter company for United Way once again this year donating 9% more than last year to their community.
In addition, through United Way and with Hands on Birmingham, employees also donated funds and supplies for the Back-to-School Backpack Drive for homeless and at-risk children in the Greater Birmingham area.

Matt Gilchrist | People on the Move

July 22nd, 2014

Matt Gilchrist, Office Group Associate

Matt Gilchrist, Office Group Associate

Graham & Company is pleased to announce our new Office Group Associate, Matt Gilchrist. Matt has several years of commercial real estate experience. In his position, Matt will be responsible for assisting with office acquisitions, dispositions and daily leasing efforts.

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Plantation Patterns to move distribution center to Calera

July 15th, 2014

Shelby Commerce Park

Shelby Commerce Park

Plantation Patterns, manufacturer of pillows, cushions, umbrellas, outdoor decor and accessories, is moving its distribution operations to Shelby County.

The Irondale-based company will take 247,000 square feet in at Shelby Commerce Park, a Graham & Co. development in Calera.

Graham’s Ogden Deaton represented the landlord, and Sonny Culp represented Plantation Patterns in the lease.

Deaton said Plantation Patterns is relocating its distribution center to be more centrally located in order to better supply its customers across the Southeast.

The company has not yet responded to request for comment about the move or how many employees will be located at the Shelby County facility.

According to the Selma & Dallas County Economic Development Authority’s website, the company’s distribution center will be moving from the Bell Road Industrial Park just off U.S. 80 West.

The company’s brand is sold in major stores like Home Depot, Target, Costco and others.

The absorption is further sign that Birmingham’s metro industrial real estate is heating up.

“This is a great indicator for our park out at Shelby County,” Deaton said. “It’s further indication the market is moving in the right direction.”

Shelby Commerce Park is a total of 1.5 million square feet, and Plantation Patterns will join HD Supply, Custom Marketing, Vital Records Control and Joshen Paper as tenants on the site.

Deaton said there has been more interest lately in existing buildings in Birmingham by companies inside and outside the region.

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