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.

About Graham & Co

Founded in 1978, Graham & Company is a full-service commercial real estate firm with offices in Birmingham, Huntsville, and Panama City, Florida. Graham offers investment sales, leasing, property management, and development services.

Graham & Company has been involved in the development and management of industrial properties, office buildings, office/service centers, and office rehabilitation projects throughout the Southeast. Over the last 20 years, Graham & Company has delivered more than 11 million SF of build-to-suit and speculative industrial and office projects, each involving a unique set of challenges and hurdles to overcome.