This 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:
All around Birmingham, new places are opening up and bringing more people into the city. With more businesses coming in and the expected population growth, it’s an exciting time to be a business owner in the area.
We’re proud to have been of help in placing the following businesses across the Birmingham area and encourage you to visit them now that they’re officially open!
Southpace Properties participated in the ALS #icebucketchallenge on the roof of our office headquarters at the Title Building in downtown Birmingham. We now challenge a few of our RBN affiliates; Stirling Properties in New Orleans, LA, Centennial Retail Services in Nashville, TN and Equity Retail Brokers in Philadelphia, PA.
During the first half of 2014, the National Association of Real Estate Investment Trusts reported the stock exchange-listed U.S. equity REITs were up 16.25%, with a dividend yield of 3.52%. Yet the S&P 500 Index reports a total return of 7.14% with a dividend yield of 2%, according to a recent article on CNBC.com.
Why are investors looking into REITs? Because of higher yields, bigger returns, and the currently low interest rates.
Southpace Properties Principal John Lauriello, CCIM was recently chosen as a 2014 Top 50 Over 50 Community Leader for Central Alabama from Positive Maturity. The award is intended to celebrate members of the community who know how to “dream, laugh, be happy, and achieve success on many levels…all the key elements to staying young while growing up.”
Positive Maturity, a United Way partner, is a non-profit organization that positively enhances the lives of mature adults through social services and civic engagement. According to their website, the organization provides various services, including: community resource support, volunteer opportunities, recreational facilities and employment assistance.
By Tyler Bradford, CCIM
As a graduate of Leadership Vestavia Hills (LVH) earlier this year, I’d just like to say what an honor it was to experience this program and develop a deeper knowledge of the city of Vestavia Hills. Not only did the program offer awareness of city operations, it also taught how leaders can impact the growth and quality of life for the city as a whole.
LVH, a non-profit community education corporation, first began in 1997. Since then, each year a new class is nominated by previous LVH members. Last year, I was proud to be one of the twenty other individuals selected for the 2013/14 class.
While completing deals throughout Birmingham and its surrounding areas, July flew by for all of us here at Southpace.
Take a look at what our brokers have been up to this past month.
Northern Tool + Equipment has officially entered into the Birmingham market, thanks in part to Southpace brokers Bryan Holt, CCIM and Tyler Bradford, CCIM.
If you remember, last December, Holt and Bradford represented the owner in the sale of 1.79 acres to Northern Tool + Equipment at Highway 31 and Southland Drive in Hoover, right off exit 252 on I-65.
We’re excited to announce that they’re now open for business!
This week our featured property is located at 10055 Memorial Parkway SW in Huntsville, Alabama.
Known as one of the best retail corridors in the Huntsville area, this property on Memorial Parkway has a traffic count of 46,980 vehicles per day (VPD). Not to mention, in March of this year, the U.S. Census named Huntsville one of the Top 30 fastest growing major metro’s in the country.
Congratulations to Southpace Principal John Lauriello on being named one of Birmingham’s 60 Most Influential Executives in 2014 from the Birmingham Business Journal. The annual list was released in early July and we couldn’t be prouder that John was once again chosen for this honor.