BIRMINGHAM, Alabama — William & Carrigan is moving to Morris Avenue with new offices and a large stone yard that will allow the artistic masonry company to grow into retail sales.
William & Carrigan recently closed on the purchase of a 1.1 acre lot at the southeastern end of Morris Avenue and 25th Street. Sam Carroll of Graham & Co. brokered the $275,000 deal, one of several Graham & Co. completed in February.
William & Carrigan also purchased an old building across Morris Avenue from the property, which it plans to renovate and relocate its offices from the Oxmoor Valley.
“Where we are now, our stone yard is only big enough for our current projects,” David Carrigan, owner of the company, said. “This will give us room for a much larger stone yard and allow us to get into the retail side of the business.”
Carrigan said stone and wrought-iron fencing will encircle the stone yard. He said being located downtown near a number of architecture and design firms is perfect for marketing the various stones, bricks and masonry that will be kept there.
“I’ve been eyeing this property for about three years,” Carrigan said. “It’s a perfect location with great visibility and access off the (Elton B. Stephens) Expressway.”
Though it is located next to the railway, Carrigan said there are no immediate plans to use rail to bring in stone. He plans on moving stone to the yard in the coming days.
Carrigan said renovating the building for the company’s offices will likely take a few months.
Carrigan said his company takes pride in the heritage of masonry and views its work as both craft and art. The company was formed in 2001 as a boutique installer of local natural stone and has grown to over 15 employees offering a full range of stone masonry services.
The firm’s work is in three major categories — architectural, flatwork and walls. Architectural is the use of custom cut and carved stone, especially limestone, used as casings, moulds, sills, lintels, coping, and similar detailing. Flatwork includes stone paving, banding, and curbing in a wide selection of natural stone. Walls encompass any vertical surface ranging from dry stack and solid masonry retaining walls to dimensional stone veneers on homes and buildings.
Graham & Co. completed six other real estate sales and 14 lease deals in February, an encouraging sign for the new year.
“We continue to see local companies willing to expand and taking advantage of ample supply and low interest rates,” Carroll said. “We remain bullish for the balance of 2012.”
Other February deals included:
>>>Carroll represented the buyer in the $1.2 million purchase of the 10,000-square-foot Four Riverchase Ridge building. Graham’s Dan Lovell and Walter Brown represented the seller of the office building.
>>>Graham broker Sonny Culp sold 3.3 acres at 3225 Montevallo Road in Mountain Brook for nearly $1.07 million. The new owner of the former Knesseth Israel Synagogue site plans to do a residential development there with possibly one to four homes or he could seek new zoning to allow up to eight homes to be built there.
>>>Culp also brokered the nearly $1.84 million sale of 16 acres on Montclair Road once part of the John Carroll High School athletic fields. Culp represented Baptist Health System in its sale to Arlington Properties. Arlington has started work on the site building the $23 million Tapestry Park apartment project, which will have 223 apartments in six buildings when it is completed in the next 12 to 14 months.
Graham’s John Coleman and Jack Brown leased 19,620 square feet in the former Keebler office and warehouse building at 165 Oxmoor Road to Bailey Holding Co. The lease brings the building to full occupancy.
>>>Coleman also represented the landlord in two distribution space leases in Birmingham’s Airport Highway Park. Ryder Logistics leased 15,000 square-feet at 516-B 35th Street North in a deal that also included Graham’s Culp. Crothall, a provider of hospital housekeeping services, leased 25,000 square feet at 608 37th Street North. Patrick Denney of Cresa Birmingham represented Crothall.
>>>Graham broker Brad Jones represented the landlord of the Meadow Brook 100 building off U.S. 280 in a 7,900-square-foot lease to Centex Payments, which was represented by Phillip Currie of J.H. Berry & Gilbert.
>>>Graham’s Lovell represented the landlord of 110 Office Park Dr. in Mountain Brook in its 2,850-square-foot lease to Morgan Keegan, which was represented by Joe Sandner III of Sandner Commercial Real Estate.
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