The Loss of a Dear Friend – Greg Despinakis

We are saddened by the loss of one of our own, Greg Despinakis. Greg passed away peacefully on Wednesday December 6th and was laid to rest today Monday December 11th. Greg worked as a broker at Southpace for over 25 years and was an astute colleague, friend, and mentor. Everyone who knew Greg knew he had a passion for life, enjoying hobbies including game hunting and flying his Piper Cub. He will be severely missed at Southpace and amongst the community. Our thoughts and prayers go out to his daughters Stephanie, Harriet, and Pamela, his beloved Babs, and the rest of his family.


A statement from John Lauriello,

“Southpace lost a dear friend and great team member last week, Greg Despinakis.  Today is his funeral and we are all so sad to say goodbye to Greg.  I first met Greg in 1974 when we both were working for Johnson Rast and Hays.  He became a mentor and a friend.  Over the past 43 years he became more than a friend and I am so proud and lucky to have known him.  God Bless Greg, his wonderful family, and Babs.

His Old Pal Who Loved him, Lauriello.”


A statement from Gloria Weintraub,

“Working with Greg for over 25 years gave me insight into the fine person he was; a real gentleman, a lover of family, his Greek ancestry, and flying his Piper Cub.

I truly believe that he felt Southpace was his second home, and he definitely will be missed here by all of his coworkers – his ‘friends.’”


A link to Greg’s obituary:”

Featured Property – Heritage Towne Center

This week’s featured property is the Heritage Towne Center, located at the Southwest corner of Martin Luther King Dr & Dennison Ave SW. This 85,000+ SF Retail Center has a strong mix of national brand tenants. The center is almost fully occupied with only two spaces still available to lease at 9,450 SF and 2,100 SF.

The 9,450 SF lease is a corner space with parking lot access and high visibility to the busy Martin Luther King Dr. The 2,100 SF space is conveniently located near popular businesses including Subway, Rainbow, Save-A-Lot and Roses Express.

The Heritage Towne Center has served this community for over two decades and has easy access to I-65. Just a short drive into Downtown Birmingham or Homewood, the surrounding population is 184,789 with an average HHI of $62,551. The busy intersection is at the heart of a strong community of residential homes, churches and restaurants.

If you’re interested in leasing one of these retail spaces, please contact Alex Benson at or 205-326-2222.

Meet Our Newest Property Manager – Heather Euler

Southpace is pleased to welcome Heather Euler to our property management team! Heather brings with her over 15 years of experience managing retail and office properties. Her current portfolio consists of approximately 385,000 square feet of retail space as well as 66,902 square feet of local bank branches.

Heather has a passion for what she does and the tenants and vendors she works with. She enjoys being able to solve her clients’ problems as quickly and efficiently as possible so that they can focus their attention on what matters most to them – their business. Heather says, “It is also rewarding to know that someone is trusting you every single day to take care of their investment and so I take my job very seriously. My goal is to build relationships with the tenants so that they want to stay in their building for years to come.”

From walking the properties and ensuring they are being maintained to the highest level to being challenged with multiple tasks all requiring attention at the same time, Heather enjoys every bit of it. Property managers’ days are never the same and they cannot plan what tomorrow will bring but Heather says it makes things exciting and she enjoys the challenge.

In her free time, Heather enjoys spending time outdoors and enjoying the company of her family and friends.