Southpace Brokers Complete Local September Transactions

Dollar General logoTake a look at what our brokers have been up to for the month of September:

Michael Randman and Bill Moss, CCIM represented the developer in the sale of a 9,014 SF Dollar General, with a CAP rate of approximately 6.88%, at 324 West Bancroft in Toledo, Ohio.

David Ashford, CCIM and Tyler Bradford represented the landlord in the leasing of 2,800 SF to Bodnar Consulting Group at Bazaar 280 shopping center in Birmingham, Alabama. Ashford also represented the landlord in a lease renewal of 1,592 SF to Little Caesars at the Forum Shops in Greenwood, Mississippi. Ashford also represented the landlord in a lease renewal to Therapy South at Country Club Plaza in Mountain Brook, Alabama.

David Ashford, CCIM and Andrew Loveman, CCIM represented the landlord in a lease renewal of 1,200 SF to Miceli’s Italian Restaurant at 445 Main Street in Trussville, Alabama. Loveman also represented the landlord in a lease renewal of 1,200 SF to Panda Chinese Restaurant at the Village in Pinson in Pinson, Alabama.

Marcus Bruchis, CLS represented Rainbow Fashion in the leasing of 8,000 SF at Enon Springs Plaza in Smyrna, Tennessee and 4,800 SF at Hot Springs Plaza in Hot Springs, Arkansas.

Bill McDavid, CCIM and Rich Vanchina, CCIM, SIOR assisted Terra Enterprises and Advanced Marketing Concepts in a 1031 Exchange on a 10,000 SF office property at Industrial Lane in Birmingham, Alabama. McDavid also represented a law firm in a lease renewal of 9,517 SF of office space at 800 Shades Creek Parkway in Birmingham, Alabama.

John Lauriello, CCIM and Blake Crowe, CCIM represented the owner in the investment sale of an 8,000 SF office warehouse to an investor at 1111 Greenwood Crossings in Bessemer, Alabama.

Tyler Bradford and Stutts Everette represented the buyer in the purchase of 2.7 acres of land at 1617 Finley Boulevard in Birmingham, Alabama. The property will be redeveloped into a new clean energy liquefied natural gas (LNG) facility.

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 state’s highest number of CCIM accredited brokers under one roof.

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