Graham & Co. said its industrial group completed real estate transactions in the first quarter totaling more than 1.1 million square feet and valued at $21.7 million.
In the Jefferson Metropolitan Industrial Park, Beauty Alliance, a subsidiary of L’Oreal, renewed and expanded its 220,000-square-foot class A distribution center, and Plastipak Packaging renewed its 120,120-square-foot lease.
Rain Bird Corp. renewed its 150,900-square-foot lease at Calera Distribution Center. State Farm Insurance renewed 48,445 square feet on West Oxmoor Road.
Graham was involved in leasing 130,000 square feet of space to MailSouth at Moody Commerce Park; 28,600 square feet to The American Bottling Co. at the Old Leeds Distribution Center in Irondale; and 22,725 square feet Neff Rental on Pinson Parkway.
It also was involved in the sale of a 240,000-square-foot manufacturing facility in Gadsden to auto supplier Narmco Group; a 95,600-square-foot warehouse in Lincoln to Thibado Mechanical Co.; a 29,000-square-foot warehouse on Sixth Avenue North to Lewis Appliance; and a 28,000-square-foot lot on Third Avenue South to a local investment group.
Graham industrial brokers involved in the transactions included Jack Brown, John Coleman, Sonny Culp, Ogden Deaton and Jordan Tubb.
“Businesses are making moves on real estate to solidify their future,” said Mike Graham, president of Graham & Co., in a news release. “These expansions, renewals and movement of commercial real estate, means that businesses consider the Birmingham area a prime place to do business.”