Southpace is proud to have helped place the businesses below into retail locations across Alabama. We’re always excited to watch businesses open up new locations around the state, and bring their products and services into these communities. We encourage you to visit these businesses now that they’re officially open!
There’s no doubt that e-commerce is changing the way consumers buy their products. Deloitte even predicts that e-commerce will account for 30% of all U.S. retail sales by 2030. An article recently published by National Real Estate Investors, “E-commerce Lifts Industrial REITs,” sets out to explain why this is having such a profound impact on the industrial real estate sector and its REITs.
What many people don’t think about when it comes to e-commerce is the amount of industrial warehouse space that is needed to fulfill these online orders. According to Prologis, online retailers need at least triple the amount of logistics space as brick-and-mortar retailers. While many retailers offer same day delivery, this means more warehouse distribution centers in closer proximity to shoppers will be needed.
With Thanksgiving just a few days away, we asked some of our employees and brokers what they were thankful for this year. And just for fun, we also asked what items they would include from local Birmingham restaurants as part of their Thanksgiving dinner. We think they had some pretty great answers! See for yourself below. Warning: your taste buds are about to get excited.
Southpace Broker Stutts Everette presents the retail market overview at the Market Symposium…in the dark.
Last Friday, Southpace brokers attended the 21st Annual CCIM/NAIOP Central Alabama Commercial Market Symposium. Although the majority of downtown Birmingham lost power that morning, the speakers didn’t let the darkness deter them and the conference continued successfully. See below for a recap of what was discussed regarding each market.
Office Market Recap – By Blake Crowe, CCIM
Back in June we showed you the Southpace Swag that had been spotted all around the world. And over the past few months, Southpace hats, tank tops, cups and koozies were spotted around the country all the way from here in Alabama to way up North in Maine.
Not only was Southpace Swag spotted at the Summit of Mount Whitney, the highest peak in the contiguous U.S., but also in Rock City, TN.
Below are some of our recent favorites from around the country, and don’t forget, we’d love to see your Swag pictures too!
A new restaurant has opened their first location in Birmingham!
No you’re not having déjà vu. All the national attention that’s been brought to the Birmingham food scene lately seems to have everyone wanting to get in on the action.
The Birmingham Business Journal recently published an article, “Outsiders Want Taste of Bham Food Scene” and they couldn’t be more accurate. Restaurants from all across the country are making their way into the Birmingham area, turning our city into the ultimate foodie’s destination.
Example of office, retail and residential mixed-use project.
By Blake Crowe, CCIM
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.
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.
Our 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.
Lately 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.