‘Damn Yankee’ pioneer of Birmingham downtown revival shares how city overcame race fears to rebound (via al.com)

articleSouthpace Principal John Lauriello was recently highlighted in an article by Roy S. Johnson with al.com, taking an in-depth look at Birmingham’s revitalization and growth in recent years, as well as a look at John and Southpace’s direct involvement and efforts in pursuit of that goal. John provides some excellent insight into the history of the redevelopment and re-invigoration of downtown Birmingham, as well as some of his thoughts on what must be done to encourage future growth and development. Read the full article here!

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Retail Brokers Network Names Southpace Principal Bryan Holt New VP of Finance

BIRMINGHAM, AL – Southpace Properties Principal Bryan Holt has been named VP of Finance on the Retail Brokers Network (RBN) 2017 Executive Committee. In this capacity, Holt will ascend through the committee to the position of the Presidency in 2021

The RBN, one of the nation’s largest retail real estate networking groups, announced the formation of the new Executive Committee to help facilitate RBN’s ongoing operations. The announcement was made following the organization’s mid-year meeting in Charleston, SC.

The Executive Committee will be responsible for overseeing the Tenant, Restaurant and Investment Sales Councils as well as the Regional Directors, marketing RBN to customers and new member offices, implementing systems to increase activity within the network, financial management, and planning RBN’s participation in ICSC RECon.

“The Retail Brokers Network has been invaluable in the emergence of Southpace Properties as a leader in retail real estate in Alabama,” said Holt. “The RBN members from around the region and across the country have shared their best-practices and referred business to Southpace over the last several years and we are much stronger and better connected for having been a part of the RBN. I am very proud to serve on the Executive Committee as the VP of Finance and I look forward to helping the Network do more for our members and their clients.”

Holt has more than 19 years of experience in commercial real estate. His focus as a Principal at Southpace Properties includes overseeing tenant representation and third-party leasing and brokerage in the Retail Division of the company. Holt holds the designations of Certified Commercial Investment Member (CCIM) and Certified Leasing Specialist (CLS).

Holt is an active affiliate in the International Council of Shopping Centers (ICSC) and the National Association of Realtors. He is an active member of the Alabama CCIM chapter, serving as the Alabama CCIM Chapter President for 2016.

According to Debbie Currier, President of RBN, “The RBN represents over 600 retail specialists across the US that help individuals and companies meet their real estate goals locally and nationally and our newly formed Executive Committee will provide the leadership structure that will help make RBN even more successful as we continue to grow.” She added, “I’m thrilled to welcome the Executive Committee members and I’m eager to work with them to accomplish our goals for 2017.”

Members of the new Executive Committee are former Regional or Council Directors that have an in-depth knowledge of the organization.

The members of the 2017 committee are:

President – Debbie Currier
Currier Properties – Charlotte, NC

President Elect – Chris Abadie
Stirling Properties – Covington, LA

VP Operations – Tom Bruss
Commercial Property Associates – Milwaukee, WI

VP Marketing & Communications – Brad Umansky
Progressive Real Estate Partners – Rancho Cucamonga, CA

VP Finance – Bryan Holt
Southpace Properties – Birmingham, AL

Secretary – Rob Samtman
Equity Retail Brokers – Plymouth Meeting, PA

Immediate Past President – Chuck Lanyard
The Goldstein Group – Paramus, NJ

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Southpace Property Manager Julie Gieger Awarded 2016 Certified Property Manager of the Year Award

Julie Gieger, CCIM, CPM was named “2016 Certified Property Manager of the Year” by the Alabama Chapter of the Institute of Real Estate Management (IREM). This award recognizes a real estate management professional for dedication in achieving management excellence and advancing the profession. Julie will also serve as Treasurer on the board of the Alabama IREM Chapter 43 in 2017.

IREM is an international community of real estate managers dedicated to ethical business practices, maximizing the value of investment real estate and promoting superior management through education and information sharing.

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Rotary Club of Birmingham Panel

Southpace Principal, John Lauriello, Sloss Real Estate President & CEO, Cathy Sloss Jones, Shannon Waltchack Partner, Derek Waltchack, Dick Schmalz of RGS Properties, and David Silverstein of Bayer Properties served on a Rotary Club panel yesterday, October 26th, to discuss all the positive growth and development in the City of Birmingham and their ongoing projects and their impact on Birmingham. John also moderated the panel discussion.

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Birmingham Bar Association Leadership Forum/Innovation Depot

Southpace Principal, John Lauriello, Hoar Service VP, Stacey Berthon, and Bayer VP, Sam Heide served on a panel for 45 minutes last Thursday, October 13th to discuss all the positive activity and developments in the City of Birmingham, especially the Downtown, Southside, Avondale, Woodlawn, Lakeview and Crestwood areas of town. The forum was attended by over 25 young attorneys in Birmingham plus the panel.

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Southpace Brokers Complete Local Transactions During Month of August

dairyqueen_southpace_palisadesFrom big name national tenants like Dairy Queen and Great Clips to local businesses like The Amandas and Moore Oil, our brokers covered it all last month! Keep reading to see what all is coming soon to the Birmingham area.

Blake Thomas and Troy Gisi represented the landlord in the sale of an acre to Dairy Queen at 320 Oxmoor Road in Birmingham, Alabama.

Bryan Holt, CCIM represented Great Clips in the leasing of 1,400 SF at Redstone Plaza shopping center in Crestview, Florida, 1,200 SF at McGowin Park shopping center in Mobile, Alabama and 1,200 SF at the new Walmart development on Highway 157 in Cullman, Alabama.

Michael Randman represented the landlord in the leasing of 1,900 SF of retail/showroom space to The Amandas of Organized Affairs at 2822 South 18th Street in Homewood, Alabama.

Andrew Loveman, CCIM represented Wells Fargo Bank, N.A. in the sale of 1.1 acres to Moore Oil Company, Inc. at 2351 Center Point Parkway in Center Point, Alabama.

Blake Crowe, CCIM represented the landlord in a lease renewal of 2,240 SF to Marcus & Millichap at 2101 1st Avenue North in Birmingham, Alabama.

Stephen Lazarus and Troy Gisi facilitated the transaction in the investment sale of a four-unit multifamily complex at 1504 21st Way South in Birmingham, Alabama.

David Ashford, CCIM represented the landlord in a lease renewal of 3,300 SF to Infinity Med-I-Spa at Green Springs shopping center in Homewood, Alabama. Ashford also represented the landlord in the leasing of 4,800 SF to a clothing store at Roebuck Plaza shopping center in Birmingham, Alabama.

Joseph Sedita represented the owner in the sale of a 5,100 SF building to an owner/occupant at 9000 Parkway East in Birmingham, Alabama.

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Southpace Brokers Complete $11 Million in Transactions During July

berry

While many see summer as a time to slow down, our brokers have remained busy closing deals. From office transactions to new retail leases to investment sales, they have been covering it all! Read on to find out what they’ve been up to.

John Lauriello, CCIM, SIOR and Blake Crowe, CCIM represented the owner in the sale of the 30,000 SF Berry Building at 2015 Second Avenue North in Birmingham, Alabama. Lauriello and Crowe also represented the landlord in the leasing of 4,190 SF to Strata Engineering at Hitchcock Plaza in Birmingham, Alabama.

Bryan Holt, CCIM and Blake Thomas represented Tacala in a land lease of an acre at 14650 Highway 231 in Hazel Green, Alabama. Holt also represented Great Clips in the leasing of 1,400 SF at Northport Corners shopping center in Northport, Alabama and 1,600 SF at Waddell Plaza shopping center in Huntsville, Alabama.

David Ashford, CCIM represented the landlord in the leasing of 2,000 SF to Nothing Bundt Cakes at the Whole Foods Market Center at Highway 31 and Lorna Road in Hoover, Alabama.

Greg Despinakis represented the landlord in the leasing of a 5,000 SF former Motor Max facility to Autocash, the automobile sales agency for TitleMax, at 9800 Parkway East in Center Point, Alabama.

Rich Vanchina, CCIM, SIOR represented the landlord in the leasing of 1,200 SF to Laced Up Boutique, a vintage and limited edition shoe store, in the ACME building at 1305 2nd Avenue North in Birmingham, Alabama. Vanchina also represented the owner in the sale of a 40,000 SF industrial property at 4128 Veterans Memorial in Adamsville, Alabama.

Blake Crowe, CCIM, Joseph Sedita and Steve Mordecai, CCIM facilitated a note sale for a 130,000 SF office complex in Huntsville, Alabama.

Stephen Lazarus and Troy Gisi facilitated the transaction in the sale of a 16-unit apartment complex at 4241 5th Avenue South in Avondale, Alabama.

Michael Perry represented the owner in the sale of an 8,800 SF office building to a medical device company at 212 13th Street North in Birmingham, Alabama. Perry also represented the owner in the leasing of an 11,854 SF warehouse to Simple Auto Imports, LLC at 1218 Second Avenue North in Birmingham, Alabama.

Bill McDavid, CCIM represented the owner in the sale of three lots totaling approximately three acres at Hayesbury Business Park on Helena Road in Pelham, 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 13 CCIM designees, Southpace has the highest number of CCIM accredited brokers in the Southeast under one roof.

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Featured Property: New Ideal Building

newideal

This week’s featured property is an excellent redevelopment opportunity available in the booming downtown area of Birmingham.

Situated at the corner of 2nd Avenue North and 18th Street, the New Ideal building enjoys high visibility at a prime location in the Theatre District. Consisting of two buildings, the property totals an estimated 68,200± SF and has great ceiling heights from floor to deck.

Building One                              Building Two
1st floor: 14,000 SF                        1st floor: 7,000 SF
Mezzanine: 5,200 SF                     2nd floor: 7,000 SF
2nd floor: 14,000 SF                      3rd floor: 7,000 SF
3rd floor: 14,000 SF

The property is also adjacent to the historic Pizitz building, which is currently undergoing a $66 million dollar renovation that is slated for completion later this fall. The Pizitz development will consist of approximately 145 high-end apartments, office space and a food hall on the retail level.

If you’ve been looking for your chance to be a part of the downtown revival, look no further! With multiple nearby construction projects underway, as well as established restaurant and entertainment venues such as Paramount, Trattoria Centrale, Cafe Dupont, Revelator Coffee, McWane Science Center plus The Lyric and Alabama Theatre, this site is certainly the place to be. There is also potential for Historic Tax credits on this property.

Don’t delay! Contact John Lauriello, CCIM, SIOR or Blake Crowe, CCIM about this incredible redevelopment opportunity at 205-326-2222.

 

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Now Open: Three New Great Clips

groupon-great-clips copyDon’t be surprised if the Southern part of Alabama starts looking better than its Northern counterpart soon. It’s only because they now have three new Great Clips locations that are NOW OPEN!

If you’re in need of a great haircut at a great price, then look no further than Southpace client Great Clips. It’s great for kids, great for parents, it’s great for the whole family! And with three new locations, you’re sure to find a Great Clips that is now open near you.

And for those of you looking to also make the most of your time, simply download the Great Clips Online Check-In app, select your nearest salon and set your appointment— you’ll be ready to look great in no time!

Auburn/Opelika

Bryan Holt represented Great Clips in the leasing of 1,200 SF at Tiger Town shopping center at 2484 Enterprise Drive in Opelika, Alabama.

Daphne/Mobile

Bryan Holt represented Great Clips in the leasing of 1,200 SF at Magnolia Place shopping center at 27955 Highway 98 in Daphne, Alabama. Holt also represented Great Clips in the leasing of 1,200 SF at McGowin Park shopping center at 3075 Government Boulevard in Mobile, Alabama.

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Southpace June Transactions Total More Than $13 Million

Zoes-Kitchen-Menu2Our brokers have been “keepin’ the roads hot” to help bring some of your favorite local chains to new locations across the state, including a Zoës Kitchen in south Alabama and a Milo’s coming soon to north Alabama. Keep reading to see what they have been up to this past month.

Bryan Holt, CCIM represented Zoës Kitchen in the leasing of 3,000 SF at the Pinebrook Shopping Center in Mobile, Alabama. Holt also represented Milo’s Hamburgers in a ground lease of 0.90 acres at 1101 Beltline Road in Decatur, Alabama.

Blake Crowe, CCIM represented the landlord in a lease renewal of 3,000 SF to ExpectCare at Hitchcock Plaza in Birmingham, Alabama.

David Ashford, CCIM represented the landlord in the leasing of 1,638 SF to Pet Vet Express at Country Club Park shopping center in Mountain Brook, Alabama. Ashford also represented the landlord in a lease renewal of 3,200 SF to Pho Que Huong at Green Springs shopping center in Homewood, Alabama.

Bryan Holt, CCIM represented Great Clips in the leasing of 1,200 SF at Madison Centre in Huntsville, Alabama, 1,238 SF at Westgage Pavilion in Mobile, Alabama and 1,400 SF at Payton Park in Sylacauga, Alabama.

Andrew Loveman, CCIM represented the landlord in the leasing of 2,000 SF to Voyager Physical Therapy at 1495 Centerpoint Parkway in Center Point, Alabama.

Rich Vanchina, CCIM, SIOR represented the landlord in a lease renewal of 4,400 SF to Ole Mexican Foods at 900 Powder Plant Road in Bessemer, Alabama.

Bryan Holt, CCIM and Blake Thomas represented the owner in the sale of a 3,214 SF former Taco Bell at 2130 Quintard Avenue in Anniston, Alabama. Thomas also represented the landlord in the leasing of 6,723 SF of office space to HomeBridge Financial Services at 2919 John Hawkins Parkway in Hoover, Alabama.

Stephen Lazarus facilitated the transaction in the sale of a duplex on 5th Avenue South in Avondale, Alabama.

Michael Randman represented a group of investors in the purchase of 70 acres of development land in Shelby County for $8,000,000.

 

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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