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
A former automotive shop near Pepper Place could soon be redeveloped. Graham & Co. is working with the owner of the Russell Speed Shop along Third Avenue South to reimagine the property for retail or office use. John Coleman and Matt Gilchrist of Graham & Co. are working on the project. Coleman and Gilchrist said they have received … Read More
A new distribution facility on Lakeshore Parkway is for a wholesale apparel company based in Florida. TSF Sportswear has signed a long-term lease for the 187,000-square-foot distribution center that Graham & Co. is developing across from the Dollar General facility. The final design of the new facility is in the works with construction expected to … Read More
A new economic development project is getting underway in Birmingham. Graham & Co. purchased 29 acres of land off Daniel Payne Boulevard on Tuesday for $2.5 million from American Cast Iron Pipe Co. and has plans to immediately start construction on a speculative warehouse building to recruit business to the metro area. The Opportunity Zone … Read More
2021 Graham Office Market Survey It is challenging to look back at 2020 without referring to it as the “Year of the Pandemic”. With that said, Birmingham’s office market experienced healthy activity levels.
The Millwright & Machinery Erectors Local Union No. 1192 has acquired property for a new location. The local union chapter paid $800,000 for the property at 624 28th St. N. on March 4, according to property records. Currently located at 203 Oporto Madrid Blvd. N., the union decided to buy the property to accommodate growth … Read More
A crane facility in Bessemer has changed hands in a $1.2 million deal. Pinter Memorials Inc. acquired 1355 Industrial Park Drive for almost $15 per square foot with financing from Synovus Bank, according to property records. The deal, which fetched more than 70% of the asking price, closed Feb. 19. Jordan Tubb, vice president at … Read More
An office building in the middle of all the action in Parkside has a new owner. A Shannon Waltchack affiliate acquired the 101 Parkside building at the corner of First Avenue and 12th Street South right next to the Hesco building. The Dec. 31 deal went for $2.3 million, or about $188 per square foot, … Read More
