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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Birmingham’s industrial real estate market poised to grow in second half

July 9th, 2014

The expansion of Milo's is one of the recent bright spots in Birmingham's industrial market.

The expansion of Milo’s is one of the recent bright spots in Birmingham’s industrial market.

Brokers are seeing a few things in industrial real estate that they simply weren’t seeing a few years ago.

And those trends could mean decreased vacancies in a market that had an 82 percent occupancy rate at the end of 2013.

Out of 14.2 million square feet in the market, 2.5 million of that space was available for leasing or subleasing, according to Cushman Wakefield EGS’ Annual Market Report.

So far in 2014, the industrial sector has slowly chipped away at that total, and commercial real estate professionals don’t expect that slow and steady trend to change.

“I think it will continue to be steady,” said Ogden Deaton, a broker with Graham & Co.’s industrial team. “We’ve closed a couple of deals in the last three months.”

Deaton is a part of the team that is marketing the Kaiser Facility to international companies, a property that adds 1.7 million additional square feet to the market.

Even before news broke about the Kaiser property, Deaton said the atmosphere in the industrial real estate market was starting to become more competitive.

“We were seeing multiple offers on buildings, and we haven’t been seeing that,” Deaton said. “Folks are realizing business is moving forward.”

Deaton said he has seen positive absorption on leases as well.

A number of local companies have announced expansion plans in the first two quarters of 2014.

Vulcan Industries, a subsidiary of EBSCO Industries announced a $5.1 million investment in Moody that will expand its facility by 100,000 square feet.

Milo’s Tea Co. continued its rapid expansion in June by announcing a $13.1 million investment in its Bessemer plant that will add 29 new jobs.

Diversified Labeling Images will be moving its press from Homewood to Irondale this summer to occupy a 40,000 square-foot facility in the city.

Evonik Corp. announced in May it will add 25 jobs as it opens an innovation center for research and development of medical devices at its Lakeshore property.

While local companies are looking to expand, Deaton said there is action coming from outside of the region.

“The out of town companies are doing some deals too,” Deaton said.

Deaton said he remains cautiously optimistic about the future but believes Birmingham will see more positive growth in the second half of 2014.

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