February 6, 2024 09:00 AM Central Standard Time
BIRMINGHAM – Graham & Co., a full-service commercial real estate firm serving the Southeast, and Barber Companies, a private investment firm, announced that Graham & Co. has sold a class-A industrial warehouse along the Lakeshore Parkway corridor to Barber Companies for $17 million. Located at 4251 Turin Drive in Bessemer, the 187,200 square foot, rear-loaded warehouse features a 32-foot ceiling height and 31 dock-high doors. Flexibly designed for one or two tenants, the warehouse is strategically positioned for favorable access to I-20 and I-65. Nearby distribution operators include FedEx, Dollar General, Amazon, and Lowe’s. Graham developed the property in 2021 and completed construction in June 2022. The sale represented a win-win for seller and buyer: a strong, swift outcome for Graham, and a well-located, well-built asset that complements Barber’s existing class-A industrial portfolio.
“4251 Turin is an exceptional modern asset and it’s nice to have it remain with local ownership. It was a pleasure working with our friends at the Barber Companies and we’re hopeful for more opportunities in the future,” said John Coleman, Senior Vice President at Graham & Company.
“Turin Drive is a beautiful asset with strong fundamentals that fits well within our long-term investment model. We are grateful to the Graham team for a seamless transaction,” added Charles Miller, Barber’s President and CEO.
John Coleman and Matthew Graham led Graham & Company’s selling efforts, while Gifford Taylor and Merrimon Epps spearheaded the acquisition for Barber Companies. The transaction closed February 2, 2024.
