John Lauriello: Executive of Influence

Southpace Principal John LaurielloSouthpace Principal John Lauriello was recently honored as an Executive of Influence by the Birmingham Business Journal.

A total of 30 individuals were selected as Executives of Influence because of their ability to spark positive change and lead Birmingham’s economic growth.

Congratulations John on this special honor!

To learn more about John and the other Birmingham leaders who were chosen, you can visit the BBJ Executives of Influence page here.

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The Benefits of a Network

RBNmap_logoWe recently read a blog post written by Brad Umansky, President of Progressive Real Estate Partners in California, about the perks of being a member of the Retail Brokers Network (RBN).

It was such a great article (that we also happen to agree with whole-heartedly) that we reached out to Brad for permission to post it here on our blog. Luckily for us, Brad agreed!

Apart from the opportunity to exchange leads and create more business for each other, here are the top four benefits Brad cites for being a member of the RBN, with a few of our own notes:

1) Great visibility at the ICSC RECon conference in Las Vegas May 17-20th. If you are attending, we encourage you to stop by the RBN booth at C111 Union Street. We share a massive booth with other members, making it convenient for our brokers to serve our clients.

2) Sharing the “best practices” for running your brokerage firm and serving your clients. It’s great to receive helpful insight from other top commercial real estate firms across the country.

3) Receiving coaching and training from outside consultants such as The Massimo Group and Top Dogs.

4) Gaining market knowledge by understanding what is happening in other markets throughout the country, including sharing investment listings during our investment sales calls.

He also mentions the best part of being “boutique” while also being a part of a national network is that we have the flexibility to run our firms the best way we see fit while also having the resources of a national platform.

Thanks Brad for allowing us to share your thoughts. We couldn’t agree more. Southpace has enjoyed the benefits of being a part of the RBN for several years now and we’re looking forward to reconnecting with all members in just a few days at RECon in Vegas!

To read Brad’s full article, click here.

Southpace Properties, Inc. is Alabama’s largest independent commercial real estate firm. At Southpace, we add value to the use and ownership of commercial real estate through services such as office, retail, land, warehouse and industrial sales and leasing, tenant and landlord representation, development, consulting, investment sales, property management and construction management. With 12 CCIM designees, Southpace has the highest number of CCIM accredited brokers in the Southeast under one roof.

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Our April done deals; including Pranzo and Fleet Feet

pranzoOur brokers didn’t let all of the April showers slow them down! They worked
hard through the rain to close more than
$5 million in transactions last month including Pranzo, a new eatery downtown in the Concord Center which will feature casual Italian fare.

Check out more details about our April done deals below!

Bill McDavid, CCIM represented Pranzo, an Italian-influenced restaurant, in the leasing of 3,750 SF in the Concord Center at 2100 Third Avenue North, Suite 100 in Birmingham, Alabama.

Bryan Holt, CCIM and Tyler Bradford, CCIM represented Fleet Feet in the leasing of 2,957 SF at 3972 Airport Boulevard in Mobile, Alabama.

John Lauriello, CCIM and Blake Crowe, CCIM represented Barry Marks and Associates in the leasing of 1,466 SF of office space at Century Park South in Birmingham, Alabama. Crowe also represented Smith & Pace, PC in a lease renewal of 5,654 SF at SouthBridge Office Park in Birmingham, Alabama.

Anne Michaels represented the owner in the leasing of 1.7 acres to Jack’s Family Restaurant at 2539 Cobbs Ford Road in Prattville, Alabama.

Bob Vines represented the landlord in the leasing of 5,000 SF to Third Street Presbyterian Church for campus expansion at 617 22nd Street in Birmingham, Alabama. Vines also represented B’ham Properties, LLC in the purchase of a 14,700 SF warehouse at 3722 Third Avenue South in Birmingham, Alabama.

David Ashford, CCIM represented the landlord in a lease renewal of 1,868 SF to 32 Degrees Yogurt Bar at Country Club Park in Mountain Brook, Alabama.

Julie Gieger, CCIM, CPM and Michael Randman represented the landlord in a lease renewal and expansion to 41st Street Pub and Aircraft Sales at 130 41 Street in Avondale, Alabama.

Rich Vanchina, CCIM, SIOR represented the owner in the sale of an 8,750 SF warehouse at 1880 Woodlands Industrial Drive in Birmingham, Alabama. Bill McDavid, CCIM represented the buyer. Vanchina also represented the landlord in a lease renewal of 14,500 SF office/warehouse to Ingersoll Rand at 900 Powder Plant Road in Bessemer, Alabama. Vanchina also represented the landlord in the leasing of 7,200 SF office/warehouse to Mercedes of Birmingham at 3951 South Lorna Road in Birmingham, Alabama. Vanchina also represented the landlord of the Magic City Casket Building at 2229 First Avenue South in the leasing of 1,800 SF of office space to New Point Digital, LLC and 2,980 SF of office space to Simonton Swaika Black Architects, Inc.

Joseph Sedita represented the Ironworkers Union in the leasing of 1,850 SF at 137 West Oxmoor Road in Homewood, Alabama. Sedita also represented Trowbridge Wealth Management in the purchase of a 4,864 SF office building at 2108 Rocky Ridge Road in Birmingham, Alabama.

Steve Mordecai represented the buyer in the purchase of the Cheshire Park subdivision in McCalla, Alabama.

Andrew Loveman, CCIM represented the landlord in the leasing of 1,800 SF to AT&T at 10055 Memorial Parkway in Huntsville, Alabama.

Southpace Properties, Inc. is Alabama’s largest independent commercial real estate firm. At Southpace, we add value to the use and ownership of commercial real estate through services such as office, retail, land, warehouse and industrial sales and leasing, tenant and landlord representation, development, consulting, investment sales, property management and construction management. With 12 CCIM designees, Southpace has the highest number of CCIM accredited brokers in the Southeast under one roof.

 

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Submit a Recipe, Get a Chance to Win Some Southpace Swag!

biggreenegg_kabobsLast year, Southpace participated in the Big Green Eggs in the Ham grilling contest  benefiting the Easter Seals of Birmingham.

We had such a great time cooking up delicious dishes for guests to enjoy that we can’t wait to participate again this year on Saturday June 20, 2015. We’re especially excited about the new location for the event at Regions Park in downtown Birmingham.

This year we’re not only encouraging folks to buy tickets to this spectacular event so you can taste what Southpace Principal Bryan Holt and his crew cooks up for a good cause, but we also want YOU to submit your Big Green Egg recipes!

The Southpace cooking team will carefully consider each recipe submitted to be included in our menu for the day. If your recipe is chosen, we’ll send you some of our very own Southpace Swag! The only stipulation is that it must be a recipe that can be cooked on a Big Green Egg.

So what are you waiting for? Submit your Big Green Egg recipe to southpaceprop@gmail.com today!

NOTE: Please use the subject line “Big Green Eggs in the Ham recipe submission” and include your first and last name within the email. Deadline for recipe submission is Friday May 29, 2015.

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Southpace Hits a Grand Slam with Southside Orioles Team Packs

Forrest Crawford (kneeling, far right) celebrates the Southpace Team Pack with his teammates.

Forrest Crawford (kneeling, far right) celebrates the Southpace Team Pack with his teammates.

Southpace has always enjoyed giving back to our community in many different ways. We especially like tying our contributions to what is important to our clients and their families.

Among these charitable donations, Southpace has been an advocate for our youth by sponsoring and donating to the Southside Baseball Association for the past ten years.

But when we learned Forrest Crawford, son of longtime friend and client Bart Crawford of The Title Group, Inc., was a player on the Southside Orioles baseball team, we decided to step it up a notch this year.

At the beginning of the season we selected Forrest’s team, The Southside Orioles, to become the recipients of our inaugural Southpace Team Pack—a purple backpack that included an Orioles original design tee shirt, a Southpace water bottle, and of course Gatorade and snacks for the game.

Turns out, the Southpace Team Pack was such a hit that we can’t wait to continue this tradition for more youth sports teams in the future. Actually, we like to think we hit a grand slam.

Best of luck on your season, Orioles!

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Our March Done Deals; including Elements Float Spa, Nothing Bundt Cakes & Chipotle

elements

Our brokers are in full swing this spring! They have been hard at work closing transactions this month, including a new concept to the Birmingham area—Elements Float Spa—which provides flotation therapy, infrared sauna and massage.

Check out more details about our March done deals below!

Bob Vines represented Elements Float Spa in the leasing of 2,800 SF at 4851 Cahaba River Road in Birmingham, Alabama.

Stutts Everette represented Nothing Bundt Cakes in the leasing of 1,650 SF at 323 Colonial Drive in Madison, Mississippi.

Bryan Holt, CCIM represented Chipotle Mexican Grill in purchase and lease negotiations for a 2,200 SF restaurant location at the corner of Highway 280 and Interstate Drive in Opelika, Alabama.

John Lauriello, CCIM represented WhatleyKallas in the leasing of 7,471 SF of office space at 2001 Park Place North in Birmingham, Alabama.

Blake Crowe, CCIM represented the landlord in a lease renewal of 1,647 SF to Stephen Bradley & Associates and 250 SF of storage space to the Better Business Bureau at 2101 Highland Avenue in Birmingham, Alabama. Crowe also represented the landlord in a lease renewal of 3,010 SF to CRST at The Barbour Building in Vestavia Hills, Alabama. Crowe also represented the landlord in the expansion of 900 SF to McKinney Capital at 500 Montgomery Highway in Vestavia Hills, Alabama.

David Ashford, CCIM represented the landlord in the leasing of 1,215 SF to Lilla, an upscale consignment store for women, at Country Club Park in Mountain Brook, Alabama. Ashford and Andrew Loveman, CCIM represented the landlord in the leasing of 1,200 SF to an insurance agent at 959 Gilbert Ferry Road in Attalla, Alabama. Ashford and Troy Gisi represented the landlord in a lease renewal of 3,324 SF to Soap Box Laundry at Lorna Town Square in Hoover, Alabama.

Julie Gieger, CCIM, CPM represented the landlord in a lease renewal of 900 SF to Barineau and Barineau Law Firm at the Title Building in Birmingham, Alabama. Gieger also represented the landlord in a lease renewal of 1,000 SF at 2165 Rocky Ridge Road in Birmingham, Alabama.

Rich Vanchina, CCIM, SIOR represented the landlord in the leasing of 5,685 SF to M & C Renovations at 3951 South Lorna Road in Birmingham, Alabama. Vanchina also represented the landlord in the leasing of 16,335 SF to Mayer Electric Supply, Inc. at 504 34th Street North in Birmingham, Alabama.

Joseph Sedita represented the landlord in the leasing of 12,000 SF to FRN Restoration at 930 Markeeta Spur Road in Moody, Alabama. Sedita also represented Veenschoten & Company, Inc.in the leasing of 1,222 SF of office space at 3 Riverchase Office Plaza in Hoover, Alabama. Sedita also represented the owner in the sale of 7,841 SF of land at 7347 Frisco Avenue in Leeds, Alabama.

Andrew Loveman, CCIM represented the landlord in the leasing of 1,200 SF to MVP Training at the Crossroads at Greystone at 5406 Highway 280 in Hoover, Alabama.

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Now Open: Lilla and CVS in Crestline Village

LillaWe’re happy to introduce you to two new Mountain Brook retailers located in Crestline Village. Southpace is proud to have helped these stores find a perfect location and we encourage you to visit them the next time you’re in the neighborhood!

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Southpace Properties Has Largest Presence Among All Firms in the Commercial Club of Excellence

Joseph Sedita, Rookie of the Year, BCRCFor the past 17 years, Southpace Properties Inc. has been honored to have the number one commercial real estate firm with the most brokers represented in the Birmingham Commercial Realtors Council (BCRC) Commercial Club of Excellence, as well as the number one firm for the past 26 out of 27 years.

This year proves as no exception with a total of 15 brokers receiving award recognition for their outstanding sales and achievements in 2014.

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Southpace Brokers Complete Local Transactions During February

Steiner Building, Birmingham AlabamaFrom the Steiner Building to the Title Building, our brokers were busy making deals all over the southeast during the month of February.

Check out all of our February done deals below.

Blake Crowe, CCIM of Southpace Properties, Inc. represented the landlord in the leasing of 734 SF to Clifford Spencer and 2,240 SF to Marcus Millichap at the Steiner Building at 2101 First Avenue North in Birmingham, Alabama.

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Industrial Real Estate By the Numbers

Industrial Real Estate The commercial real estate industry is beginning to see some great progress, even some of the best numbers since the financial crisis began in 2007. As the economy continues to improve, investors are seeing a healthy performance across most property types.

Although some markets have become more vigorous than others, according to Southpace Broker, Rich Vanchina, the Birmingham area industrial sector is seeing its fair share of expansions and early renewals.

In a recent article published on GlobeSt.com, some very interesting numbers were revealed:

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