Jerry Grant represented the Landlord in the following transaction: A rapidly growing Birmingham-based company has relocated its headquarters. Southern Veterinary Partners, a BBJ FastTrack 30 company, moved from the Synovus building at 800 Shades Creek Parkway to the Lakeshore Park Plaza at 2204 Lakeshore Drive. About 120 of the company’s 5,330 employees have moved into the … Read More
The Huntsville commercial real estate market was resilient throughout the COVID-19 outbreak of 2020. While all sectors were immediately impacted by the rolling and confusing shutdowns, the market has stabilized and recovered quite well in a short period of time.
Birmingham is fortunate to be home to a high concentration of construction companies, architecture firms and engineering companies that are shaping the look of the nation – and in some cases, the world. While many of those companies have built giant enterprises and high-growth firms by working on projects abroad and elsewhere in the nation, … Read More
A developer is gearing up to break ground on a longtime hotel project next to the BrickTop’s restaurant. Aum Enterprises is poised to begin construction on the new Residence Inn by Marriott at 2800 U.S. 280 S. in Homewood with completion expected by the end of the year. It’s a six story, 120-unit hotel with … Read More
An investor group has purchased a building in Vestavia Hills just off the heavily traveled Highway 31 corridor. VOP 100 LLC purchased 100 Vestavia Parkway from F/F2 LLC for $3.1 million, according to a release. VOP 100 LLC is registered to Thomas N. Carruthers III, and F/F2 LLC is registered to C T Corporation System … Read More
A building in the Highpoint Office Center in Vestavia has a new owner. Mountaintop Holdings sold the Chambers building to affiliates of Engel Realty Co. for $2.7 million, or more than $75 per square foot. The selling entity is a holding company for Mountaintop Community Church, which is located across Centerview Drive from the property. … Read More
Despite facing headwinds from high steel prices, a local developer is bullish enough on the strong demand for industrial space to move forward with a speculative project in Birmingham. Graham & Co. is investing $15 million in the first phase of “Crossroads Commerce Center,” a new industrial development off Daniel Payne Drive in the Hooper … Read More
B.L. Harbert International has bought more office space in Mountain Brook. The large general contractor paid $2.75 million for 500 Office Park Drive, Unit 1, or about $115 per square foot, according to public records. The purchasing entity was 500 Office Park East LLC, and the deal closed June 3. B.L. Harbert bought the approximately … Read More
An industrial packaging supplier for Mercedes-Benz U.S. International has moved into a larger space in Shelby County. Kontane Logistics Inc. has opened in a new facility at 500 Alabama 70 in Columbiana after an extensive renovation project led by Graham & Co. The company, which provides wood crates to MBUSI, is taking space in a … Read More
With overall occupancy down almost 2% last year, Birmingham’s office market fared much better than expected. That’s according to the latest office market survey by Graham & Co. with input from a handful of other real estate brokerages in town. Despite the pandemic, rental rates actually rose in every submarket at an overall rate of … Read More
