Southpace Brokers Complete Local Transactions During the Month of November

carwashOur brokers are still going strong, closing more than $7.5 million in transactions during the month of November.

Bob Vines represented the United States Bankruptcy Court-Northern District of Alabama in the sale of a 3,605 SF former car wash to DLR Associates, LLC at 3295 Morrow Road in Trussville, Alabama.

David Ashford, CCIM represented the landlord in the renewal of 6,140 SF to La Paz Restaurant and Catering and 1,143 SF to Total Fitness at Country Club Park in Mountain Brook, Alabama. Ashford also represented the landlord in the leasing of 1,400 SF to a State Farm Insurance agent at 280 Bazaar Shopping Center in Birmingham, Alabama. Ashford also represented the landlord in a lease renewal of 1,300 SF to Lee Nails at 2902 18th Street South in Birmingham, Alabama. Ashford also represented the Awbrey Firm in the leasing of 2,091 SF of office space at Two North Twentieth in Birmingham, Alabama.

Bryan Holt, CCIM and Michael Randman of Southpace Properties, Inc. represented the owner in the investment sale of the 10,400 SF Roebuck Crossings shopping center located at 9256 Parkway East in Birmingham, Alabama. The center, which was developed by Southpace for the original owners, is 100% leased with tenants including Payless Shoes, Gamestop and AT&T. An out-of-state 1031 buyer purchased the Super Walmart shadow anchored strip center for $2.4 million. Southpace Properties will continue to manage the property for the new owners.

Andrew Loveman, CCIM and David Ashford, CCIM represented the landlord in the leasing of 22,600 SF to Beauty Masters at Midfield Shopping Center in Midfield, Alabama. Loveman also represented the landlord in the leasing of 1,050 SF to Papa Murphy’s Pizza and 1,440 SF to an insurance agency at the Shoppes at Rainbow Landing in Rainbow City, Alabama.

David Ashford, CCIM and Troy Gisi represented the landlord in the leasing of 1,495 SF to Capitol Tax at 3133 Lorna Road in Birmingham, Alabama. Gisi also represented the owner in the sale of 1.06 acres to Urgent Care on Gilmer Avenue in Tallassee, Alabama.

Blake Thomas and Troy Gisi represented the landlord in the leasing of 20,000 SF to Badcock Furniture at the Palisades Shopping Center in Homewood, Alabama.

Stephen Lazarus represented Travel Planners, Inc. in a lease renewal of 900 SF at 3918 Montclair Road in Birmingham, Alabama.

Rich Vanchina, CCIM, SIOR and Jim Collins, CCIM represented the landlord in a lease renewal of 82,752 SF at 165 Goodrich Drive. Vanchina also represented the landlord in the leasing of 20,000 SF to Truckworx at 113 45th Place North in Birmingham, Alabama. Vanchina also represented the landlord in the leasing of 4,450 SF to LED Lighting Company at 3947 South Lorna Road in Hoover, 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.

Featured Property: New South Federal Building

NSFThis week’s featured property, the New South Federal Building, is the perfect opportunity for anyone looking for office space located in the heart of downtown.

Situated at the corner of Third Avenue North and Richard Arrington Jr. Boulevard, this 66,519 square foot building is in a prime location with convenient access to Red Mountain Expressway, I-59, I-65, as well as City Hall, Jefferson County Courthouse, Hugo Black Courthouse and U.S. Federal Courthouse.

The New South Federal Building is also within walking distance to some of Birmingham’s best restaurants and bars including El Barrio, Bamboo, Café Dupont, Paramount, Trattoria Centrale, Collins Bar, Brick and Tin, Urban Standard, John’s City Diner and more. And with flexible suite size options ranging from 300 square feet – 25,877 square feet, you are sure to find office space to suit your need!

This property includes an attached parking garage, a rarity for many downtown properties. Naming rights for the building is also available.

For more information about leasing office space at the New South Federal Building, please contact Stutts Everette or Blake Thomas at 205-326-2222.