A building near the former Carraway hospital has been purchased by a Birmingham business leader. Red Roof Investments LLC, registered to former Momentum Telecom Chair Liz Pharo, purchased the vacant building located at 2401 15th Ave. N. Red Roof Investments purchased the property from SBN V REO LLC for $500,000, according to public records. Joe … Read More
Walter Brown, SIOR represented the Seller in the disposition of 100 Village Street. A commercial real estate company purchased an office property in the Greystone area for its new office. Pharos-Hunt LLC purchased 100 Village St., an office property off of Hugh Daniel Drive near U.S. 280 in the Greystone area of Hoover. The … Read More
Birmingham-based commercial real estate company GCP sold a large industrial property in Charlotte, N.C., for $19.55 million. GCP said it sold 2100 The Oaks Parkway, a two-building 125,213-square-foot Class A warehouse and office campus. The buyer was the tenant at the property, Vallen Distribution Inc. “Vallen is an ideal tenant, and we are pleased with … Read More
More property near Pepper Place is changing hands. Two adjacent properties on Second Avenue North in the district were recently sold. Full Circle Properties LLC purchased the properties at 3025 and 3029 Second Avenue South from The Geo. F. Wheelock Co., according to public records. The purchase price was $1.33 million. Sonny Culp represented the … Read More
Jerry Grant, CCIM represented the Landlord at Lakeshore Park Plaza in its lease to Milo’s Tea Company, Inc., bringing the building occupancy to 90%. Milo’s Tea Co. has opened a new office in Homewood’s Lakeshore Park Plaza. The company relocated approximately 50 positions in the accounting, finance, sales, marketing and administration teams from its Bessemer … Read More
We are excited for Peoples Bank of Alabama and its new CBD location at The Plaza! Dan Lovell, SIOR, LEED AP and Eric Getty, JD represented the bank in this transaction. CULLMAN, Ala.–(BUSINESS WIRE)–Peoples Bank of Alabama is pleased to announce its continued expansion in Jefferson County with their move to the financial corner of … Read More
Birmingham law firm Huie, Fernambucq & Stewart has announced it will relocate its Birmingham law office by early next year. Huie plans to move two miles east to Pump House Plaza, at the intersection of U.S. 280 and Pump House Road. First US Bank completed construction of the Birmingham office project last year. Huie will … Read More
A new hotel on U.S. 280 is one step closer to reality. Hotel developer AUM Enterprises purchased part of the site at 2800 U.S. 280 in a recent transaction. Michael Randman of Southpace Properties represented AUM in the deal, while Dan Lovell of Graham & Co. represented seller MX 280 LLC. Financial terms of the … Read More
A major national brand will land in the Birmingham metro area, and commercial real estate professionals think it could help the Magic City get more looks from others. The brand, of course, is Amazon. As the Birmingham Business Journal first reported, the online giant will build a $325 million fulfillment center in Bessemer, which will … Read More
Another building in the Parkside area of downtown Birmingham could be redeveloped. Graham & Co. is marketing a possible redevelopment at 101 12th St. S. as “101 Parkside,” which would consist of 13,174 square feet of office space. Sam Carroll and Matt Gilchrist are the agents. Carroll said the project will move forward once a … Read More
