Exclusive Use Rights for Office Real Estate?

Example of office, retail and residential mixed-use project.

Example of office, retail and residential mixed-use project.

For those in commercial real estate, specifically retail real estate, you’re familiar with Exclusive Use Rights – a tenant can (and generally should) require a landlord to prohibit leasing space to another tenant selling the same product, or allow any other specified activities that could interfere with the success of their business. Typically this Exclusive Use component of the lease is based on the property itself.

While this is nothing new to the retail segment, oddly enough, this idea of Exclusive Use is now also spreading into office real estate.

Why? Because the popularity of creative office spaces and mixed-use properties continues to increase.

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Now Open: Gander Mountain in Two New Locations

gandermtn (3)Gander Mountain has now opened its doors at a new location in both Mobile and Montgomery.

Thanks to the help of Southpace Principal Bryan Holt, CCIM and broker Tyler Bradford, CCIM, residents of both Mobile and Montgomery will get to experience this much-loved outdoor retailer for themselves! Gander Mountain is well-known for having a huge selection of gear and accessories for hunting, fishing, camping, and boating, along with casual and outdoor apparel for both men and women.

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Featured Property: Land Located Off the Anniston Bypass

Anniston Land Aerial PhotoOur featured property this week consists of 41 acres of land located directly off the Anniston Bypass. It’s approximately a half mile North of Interstate 20 where the traffic is estimated to be more than 16,400 vehicles per day.

The site is just down the road from the Belk development, which should be under construction soon, as well as the Oxford Exchange that includes various retail stores such as Bed, Bath & Beyond, Target, Sam’s Club, The Home Depot, Best Buy, and many others.

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Southpace Completes More Than $12 Million in Transactions During September

NewksOur brokers were busy last month finishing off the third quarter of 2014. While Newk’s and Heritage Towne Center were among our most notable September deals, we’re looking forward to a great fall season.

Check out all of our September done deals below.

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Client Spotlight: MAKEbhm – If You Don’t Start, You’ll Never Know

MAKEbhmLately MAKEbhm has been causing a lot of buzz all around the Birmingham area, and we can’t help but be proud to have helped them find their place in Avondale. It’s the perfect location for such a business; right in the middle of all the creative, inspiring happenings going on in Birmingham.

With all the talk about MAKEbhm, we wanted to go straight to the source and get our information first-hand from its founder and Executive Director, Bruce Lanier. What he had to tell us was more than inspiring.

Here’s his story.

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Now Open: JJ Eyes Optical Boutique, Nothing Bundt Cakes & More

JJeyesSouthpace is proud to have helped placed the following businesses and we encourage you to visit them now that they’re officially open! It’s great to see so many new businesses expanding and opening their doors in new markets.  Continue reading

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Featured Property: Office space for sublease at Wells Fargo Tower

wellsfargoThis week’s featured property is office space for sublease at 420 20th Street North in the tallest building in Birmingham, the Wells Fargo Tower.

This Class A office space is in excellent condition, features high-end finishes, and is located in Birmingham’s central business district. It’s within walking distance from first-class restaurants and hotels and is also just a quick drive to the Birmingham-Shuttlesworth International Airport.

See the video tour of the space:

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Crowdfunding: The Future of Commercial Real Estate Investment?

crowdfunding2Crowdfunding has become a huge trend in investing and it’s become more and more popular over the past few years. Many aspects such as the convenience and the lower risks have drawn in not only investors, but entrepreneurs as well.

According to Forbes, the volume of global crowdfunding platforms increased from $530 million in 2009 to more than $2.8 billion in 2012.

And this is a trend that won’t be fading away any time soon.

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Southpace Completes More Than $19 Million in Transactions During August

allsouthFrom our brokers representing businesses such as Toys “R” Us and Kathy G. & Company, to the sale of a building to AllSouth Appliance, we’ve been extremely busy during the month of August.

Take a look at some of our August done deals:

Bryan Holt, CCIM represented Toys “R” Us in the sale of a 30,000 SF building to AllSouth Appliance at 345 State Farm Parkway in Birmingham, Alabama. Mark Byers of EGS Commercial Real Estate represented the purchaser.

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Featured Property: Office Space for Lease at Berry Building

BerryBuildingThis week we have a perfect space for any business looking to open up in the heart of downtown Birmingham. Located at 2015 Second Avenue North, this building is within walking distance to several of Birmingham’s most popular restaurants—perfect for grabbing lunch or a happy hour special at the end of a work day.

Not only is the location convenient, but the building itself is in great condition with high ceilings, lots of windows, and even on-site security.

See the space for yourself in our video tour:

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