NEWS & REPORTS

Rotor-Rooter building sold to investor

March 6th, 2015

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An investor has purchased the former site of Roto-Rooter on Industrial Drive.

CHS Holding Co. LLC acquired the 6,000-square-foot building at 3865 Industrial Drive from Roto-Rooter Service Co. for $150,000, according to Jefferson County public records.

Graham & Co. broker Jordan Tubb represented the owner in the sale.

Michael Murray of Shannon Waltchack represented to buyer in the purchase and will be the leasing agent for the building, according to Shannon Waltchack.

Graham said in a release this week the new owner plans to offer the building for lease.

The property was home to Roto-Rooter until December when the national chain outgrew the space and signed a 15,000-square-foot lease at 283-D Cahaba Valley Pkwy. in Pelham.

The 25 year-old Industrial Drive building is a light industrial property located in the northeast quadrant of Industrial Pkwy. and Industrial Dr.

[ Read article at bizjournals.com]


Graham Commercial Properties forms management company

February 9th, 2015

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Graham Commercial Properties has formed a management services firm.

The Birmingham-based industrial acquisitions firm launched GCP Management Services LLC in order to integrate the property management and accounting divisions of its real estate company, Graham & Co. into GCP.

The firm was formed in January.

“We thought that forming GCP Management Services was a ‘win-win’ strategy for all concerned” said Steve Graham, co-founder of Graham Commercial Properties. “From this new larger platform, GCP will be able to provide even better service to our existing customers and to the many new properties we expect GCP to acquire in the near future. This permits our outstanding team of brokers and agents at Graham & Company to focus exclusively on what they do best – lease and sell properties – while also allowing Graham & Company to continue to provide development and appraisal services.”

GCP was founded in 2013 as a real estate holding company that focuses on the acquisition of industrial real estate properties.

“The decision was simple. We needed to evolve and grow the investment and property management arm of our business without altering the core leasing and sales services our agents have always delivered. GCP has done just that,” said Mike Graham.

GCP recently acquired a 25-acre industrial site in Jacksonville, Fla., a $21 million investment into Interstate South Commerce Center.

[ Read article at bizjournals.com]


Graham Commercial Properties buys $21 million Florida industrial property

February 9th, 2015

Graham Commercial Properties acquires large industrial campus in Jacksonville, Fla.

Graham Commercial Properties acquires large industrial campus in Jacksonville, Fla.


Birmingham-based Graham Commercial Properties has acquired a Class A industrial campus in Jacksonville, Fla.

The company announced in a release this week the acquisition of Interstate South Commerce Center, a 25-acre site comprised of six flex space buildings.

GCP purchased the property for $21 million.

GCP is a real estate holding company that was formed in 2013 in connection with the consolidation of more than two-dozen industrial real estate partnerships.

The firm focuses on acquisitions, development and management of industrial properties.

“We’ve always been a huge fan of the Alabama and Florida industrial markets. But we’re ready to grow and ready to look at investment opportunities across the entire Sunbelt region of the U.S.” said GCP President Gardner Lee.

GCP said in a release this week this transaction is the first of many expected for the company, which owns nearly 5 million square feet of industrial real estate already.

[ Read article at bizjournals.com]


INDUSTRIAL GRAHAM REPORT 2015

February 5th, 2015

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The Industrial Graham Report 2015 is an annual compilation of absorption and rental data used nationally for insight into the industrial warehouse markets in the five-county metropolitan area of Birmingham, Alabama. Data is also included on… available buildings for sale and lease.

Graham & Company is proud to have provided this in-depth market analysis for the past 33 years. Our agents and property managers stand ready to assist with your corporate and personal real estate needs.

[ View The Industrial Graham Report at grahamcompany.com]


Large indoor go-kart track planned for Bessemer

January 30th, 2015

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Autobahn Indoor Speedway, a Jacksonville, Fla.,-based operator of go-kart tracks, is coming to Birmingham.

The company will open it’s first Alabama indoor electric go-kart race track at 5960 Greenwood Pkwy. in Bessemer in June, according to Autobahn partner Bill Harris.

“We’re very excited to be coming to Birmingham,” Harris said in an interview with the BBJ.

Autobahn inked a 53,000-square-foot lease at the Bessemer location.

Jack Brown of Graham & Co. represented the tenant, and Merrimon Epps of Barber Cos. Inc. represented the landlord in the lease.

Harris said Autobahn plans a substantial capital investment in the facility in order to build the track and purchase the vehicles. Harris said the go-karts go for around $10,000 each.

“They are very fast,” Harris said, adding the track can be used for parties, corporate events or just races between friends.

Harris said an Autobahn track will open in Memphis in March and there is a plan for a location in Virginia soon. The other track, the company’s first, is in Baltimore.

[ Read article at bizjournals.com]



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