August Completed Deals

From being a part of upcoming developments to client market expansion, Southpace brokers closed a lot of exciting deals in August! Read on to learn about the details of this past month’s deals.

Michael Randman represented the owner in the selling of the former Aqua Night Club at 2824 5th Ave South for $1,250,000. The property is comprised of 24,500 ± total square feet with multiple buildings and will be redeveloped as an upscale bar/restaurant in the rapidly growing Lakeview District.

David Ashford, CCIM and Alex Benson represented the landlord at Lee Branch II in the leasing of 1,200 square feet of space to Farmer’s Insurance.

Greg Despinakis and David Ashford, CCIM represented the landlord in the renewal of the Stella Blue at Mountain BrookVillage.

Blake Crowe, CCIM represented Home Mortgage of American in the leasing of 8,000 square feet at International Park in Birmingham.

Bryan Holt, CCIM represented ATI Physical Therapy in their leasing two new locations – 1,800 square feet of space at 1877 Cherokee Ave, Cullman, AL and 2,499 square feet at 550 Fieldstown Road, Gardendale, AL.

Andrew Loveman, CCIM represented the landlord in the retail lease of 1,200 square feet at the Village in Pinson.

Bill McDavid, CCIM and Alex Benson represented the owner in an industrial sale at 2760 Pawnee Road.

Steve Mordecai, CCIM and Bill McDavid, CCIM represented the owner in the selling of 38 lots at Cottages at Beaver Creek.

Rich Vanchina, CCIM, SIOR assisted in the renewal of an industrial lease for Unkanny Productions at Continental Gin Industrial Park. He also renewed a lease for Apex Architectural Metals at 3033 35th Avenue North.

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 13 CCIM designees, Southpace has the highest number of CCIM accredited brokers in the Southeast under one roof.

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