Southpace Welcomes Four New Employees

BIRMINGHAM, Ala. July 14, 2017—Southpace Properties, Inc. today announced four new hires to their brokerage division.

Stephanie Hill has joined Southpace Properties as Client Services Administrator. Hill will be promoting and maintaining the overall appearance of the company while working closely with the retail, office, industrial, multi-family and investment properties. Additionally, Hill’s responsibilities include marketing strategies/research, social media management, and software administration for Southpace Properties, Inc. and Southpace Management, Inc.

Hill will graduate from the University of Alabama at Birmingham with a Bachelor’s degree in Marketing and a concentration in Marketing Management in 2017. Previously, Hill interned with Southpace Management, Inc in 2016 where she worked on lease audits and other Property Management tasks.

 

Templeton Stump has recently joined Southpace Properties as an Associate Broker.

Stump will provide tenant and landlord representation on office and industrial properties, including both sales and leasing activities. Additionally, Stump will use market knowledge to give clients the best option in the acquisition or disposition of their real estate.

Stump graduated from Birmingham Southern College in 2013 with a Bachelors degree inBusiness Administration. Previously, Stump has worked for Urban Grout Commercial Real Estate in Nashville, TN. Stump brings with him in-depth market research and analytical skills. Stump is pursuing his CCIM designation, which is the Certified Commercial Investment Member, and has completed the institute’s introductory course thus far.

 

Sam Centeno has also joined Southpace as Client Coordinator working in the retail division. Centeno will provide tenant and landlord representation on retail properties, including both sales and leasing activity. In addition, Centeno will use market knowledge to give clients the best option in the acquisition or disposition of their real estate.

Centeno received his Bachelor’s degree in Finance with a concentration in Real Estate from the University of Alabama in 2017. Centeno brings with him experience from interning with r360, LLC in which he focused on market research, canvassing, and site selection.

 

 

Shepard Ager has joined Southpace as an Associate Broker. He will provide tenant and landlord representation on office and industrial properties, including both sales and leasing activity. Ager will use market knowledge to give clients the best option in the acquisition or disposition of their real estate.

Ager graduated from The University of Mississippi in 2011 with a Bachelors of Business Administration in Marketing degree. Prior to joining Southpace, Ager worked with a third-party logistics company where worked closely with hundreds of trucking companies all over the country brokering freight. Ager has also completed CI 101, which is the Certified Commercial Investment Member (CCIM) Institute’s introductory course and will continue pursuing his CCIM designation.

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Southpace Brokers Complete Over $11 Million in Local Transactions During the Month of June

John Lauriello, CCIM, SIOR, CPM sold and closed the Classic Wine Building located at 1920, 29th Avenue South in Homewood, Alabama to an investor for $2,400,000. Classic Wine will remain in the building for another 60-90 days and then relocate. The new owner/investor plans on renovating the building for a restaurant tenant.

Rich Vanchina, CCIM, SIOR and Bill McDavid, CCIM sold an office warehouse property at 5520 Eastcliff Industrial Boulevard to Johnson Battery out of
Atlanta. It was a 17,000 square foot building on 2.75 acres.

Bryan Holt, CCIM, CLS represented the buyer in the purchasing of a Hardee’s in Prattville, AL. Holt also represented Great Clips in its closing on a 1,400 square foot Saraland location. He represented ATI Physical Therapy in the leasing of 2,499 square feet in Gardendale.

Blake Crowe, CCIM aided McGlinchey Stafford law office in an office lease expansion totaling 2,089 square feet in the month of June. Crowe also represented the landlord in an office lease renewal at 2101 Highland Avenue with a total of 12,455 square feet as well as a 5,000 square feet lease renewal inside the Wells Fargo Tower.

Blake Thomas represented Which Wich Superior Sandwiches for their new location at the up and coming residential and mixed-use development The Waites Apartments in downtown Birmingham.

David Ashford, CCIM and Alex Benson represented the landlord in the lease of a 1,847 square foot space in Pinebrook Shopping Center in Mobile, AL to a chiropractor. Ashford also represented the landlord in a 1,900 square foot lease in Trussville Promenade I as well as a 5,115 square foot space in Whole Foods Market Place in Hoover for Market House Boutique. He represented the landlord in Galleria Trace Plaza in the lease of 1,440 square foot for UpTech Computer.

Andrew Loveman, CCIM and David Ashford, CCIM represented the landlord in the leasing of 1,200 square feet in Anchi Plaza to Boost Mobile.

Troy Gisi represented the seller of a 3,700 square foot retail/office building at 5800 Oporto Madrid Blvd South in Birmingham, AL.

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Southpace Kicks Off Training Series for The Company’s Newest Brokers

SLS Graphic

Southpace Properties is excited to announce the return of the Southpace Learning Series. This unique training program with weekly classes and directed work projects is designed to strengthen the development of our newest team members: Shepard Ager, Templeton Stump, Sam Centeno, and Stephanie Hill.

Experienced Southpace brokers work with leading subject-matter experts from around the industry to teach the classes and provide real world applications. Each week, our young brokers apply what they are learning through assignments that pair them with our senior brokers on work projects directly related to ongoing client initiatives.

“Only the largest international brokerage firms have adequate training programs for new brokers. You don’t see this in mid-sized firms in tertiary markets. Great talent slips through the cracks simply for a lack of structure and direction. We have developed our program with the help of our partners in the Retail Brokers Network and we believe it to be unique within the state and possibly the Southeast Region.” said Bryan Holt, CCIM Principal at Southpace Properties.

We would like to thank our presenters from weeks one and two; Rob Samtmann, Principal at Equity Retail Brokers and fellow member of the Retail Brokers Network and Tyler Bradford, Vice President of Real Estate at Books-A-Million. Mr. Samtmann kicked off our series discussing best practices in retail brokerage. Mr. Bradford showed us how the real estate department at BAM is using technology to aid in the site selection and evaluation process.

If you have any inquiries about the Southpace Learning Series, please contact Stephanie Hill at SHill@southpace.com.

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Deal Spotlight: John Lauriello & Blake Crowe Represent City of Vestavia Hills in Gold’s Gym Building Purchase

Gold's GymJohn Lauriello and Blake Crowe represented the City of Vestavia Hills in purchasing the Gold’s Gym Building in Highway 31 in Vestavia Hills. The total sales price was $9,100,000 and closed on May 31, 2017. Gold’s Gym occupies approximately 53,000  SF of the building and there is approximately 10,000 Sf available. The City will occupy the 10,000 SF vacant suite in the near future and have options for the larger block of space Gold’s Gym occupies if Gold’s chooses to vacate the property at the end of their lease in 2021. Gold’s does have renewal options that they can exercise if the desire to at the end of their lease term.

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‘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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