November was a busy month for our brokers. Here’s a look at some of the month’s biggest deals.
Bryan Holt, CCIMand Tyler Bradford, CCIM represented Gander Mountain in the purchase of approximately five acres of land and lease negotiations for a new store in Gadsden, Alabama. This will be their fifth store location in Alabama and it is expected to open sometime next year.
Good news, Rainbow City! A new Publix-anchored shopping center will soon be coming to the area. Southpace broker, Andrew Loveman, CCIM, is handling the leasing of The Shoppes at Rainbow Landing.
This new development will be conveniently located at the intersection of Rainbow Drive and AL Highway 77. Along with a 45,600 square foot Publix Super Market, The Shoppes will also include 20,000 square feet of retail shop space and two outparcels.
As a broker with an emphasis in retail, I was interested by a recent article on YAHOO! Finance that took a deeper look into the importance of using revenue per square foot as a success measure. In particular, this article chose Darden Restaurants, Inc., a leading company in the United States with some of the most recognizable brands in the industry such as Olive Garden, Red Lobster and Seasons 52, as its primary example of illustrating why revenue per square foot is the best way to determine the success of each restaurant. The article also goes on to discuss this as to whether Darden should pursue another “premium” cost or “lower end” cost concept.
Earning the Certified Commercial Investment Membership (CCIM) designation takes a lot of hard work and even more dedication. It’s a prestigious title that recognizes each member as an industry expert who’s proficient in both theory and practice. Now that I’ve earned my designation, it’s an honor to be Southpace’s 13th CCIM designee.
By Charles Ferlisi, Director of Development & Construction Consulting at Southpace Properties, Inc.
I recently came across an article in the Birmingham Business Journal by Jay Reed, President of the Associated Builders and Contractors of Alabama. His piece was titled “Why Construction Matters in Alabama.” As Director of Development and Construction Consulting at Southpace, I was curious to read his points of why he felt construction mattered so much in our state. Turns out, I couldn’t agree more with what he had Continue reading →
Joseph Sedita joined Southpace earlier this month as an Associate Broker. Joseph has a strong background that includes previous experience in accounting, finance and business management. He also earned his Bachelor’s degree in business from the University of Alabama.