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Alea Properties (USA) LLC, an international real estate investment firm based in Tennessee, has purchased the foreclosed Valley Centre in Homewood for its new headquarters.
The firm, whose global clients include Volkswagen and Mercedes-Benz, bought the vacant 28,386-square-foot building at 181 W. Valley Ave. from Aliant Bank for $680,000, or $23.95 per square foot, said broker Sam Carroll of Graham & Co. LLC.
The property, which has 140 parking spaces and was built in 1973, had an asking price of $750,000, according to real estate research firm Xceligent.
Alea founder and owner Robert Edward said he plans to move the company’s headquarters and some 20 employees into the first floor of the building “soon,” but declined to disclose a target date. The rest of the building – about 80 percent – will be available for lease.
Edward said the company owns properties in Australia, South Africa and the U.S.
[/fusion_builder_column][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][ Read article at bizjournals.com ][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]