Graham & Co. agent Jordan Tubb, recently took part in brokering the lease of an 23,070 SF Oxmoor Warehouse. The lessee of this warehouse is a local floral design studio – HotHouse and a local wedding and event rental company – PropHouse, both owned by Mandy Majerick.
Illyshia Parker with the Birmingham Business Journal reported:
“The founder and creative director of two local businesses has acquired warehouse space located at Oxmoor South Industrial Park ahead with plans to expand.
PropHouse/HotHouse affiliate HotHouse Holdings Inc. recently acquired 23,070 square feet of bulk warehouse space located at 200 Oxmoor Court in Birmingham from Birmingham Industrial Enterprises LLC.
HotHouse is a local floral design studio and PropHouse is a wedding and event rental company. Both are locally owned and operated by Mandy Majerik. This transaction is part of the PropHouse/HotHouse expansion, and both businesses will continue to operate from the current headquarters nearby at 89 Robert Jemison Road.
“The new warehouse is welcomed with excitement from our delivery team as we have been anticipating the move for about six months. We are moving all of our receiving and distribution to the new Oxmoor warehouse,” Majerik said.
The new location triples the company’s warehouse size and includes six loading docks with a dedicated area for will-call clients. Majerik said they have recently added new employees to make the transition easier and accommodate more orders per week with a goal of raising delivery capacity to upwards of 25% more per week.
“We are planning exciting things to re-energize our current space to offer our clients more inspirational ideas and unique custom-build opportunities. This new Oxmoor opportunity will allow us to keep on our trajectory growth plan,” Majerik said.
Graham & Co. agent Jordan Tubb and Cushman & Wakefield / EGS Commercial Real Estate agent Brad Moffatt brokered the deal. Tubb, who represented the tenant in the deal, said this transaction is another example of how tight the industrial market is in Birmingham, especially in the Oxmoor submarket.
“We started negotiating for the space the day it hit the market. It was the only space available in this size range and we had been looking for three months,” Tubb said. “You find yourself competing for spaces as soon as they come available. You have to be ready to act when something comes to the market, or you may find yourself losing out on an opportunity. Rental rates for these type spaces have increased 15% to 20% over the last two years with landlords giving very little concessions.”
The company is expected to move into the new space in June with goal to open July 1. The current space located at 89 Robert Jemison Road will continue to be a showroom and house its sales team.”
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