Inside Southpace with Bryan Holt, CCIM, CLS

Bryan HoltLas Vegas, Los Angeles, Phoenix, Atlanta, Denver, Chicago….We went all over the country this past year—not for real estate deals in these cities, but to LEARN, CONNECT and LEAD. Our business is largely built on referrals from relationships we build both here in Birmingham and around the country in the organizations that serve our industry. Every year we spend a good deal of time and effort on learning, connecting and leading, but 2013 was exceptional on all three fronts.

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Pistachios: A Southpace Tradition

Southpace pistachiosWhile everyone has their own holiday traditions, whether it be to decorate the tree, set cookies out for Santa, or light up the front yard; we have our own unique holiday tradition here at Southpace.

You guessed it. We’re talking about our Mega Pistachio Mail Out! The Southpace office has officially been turned into Santa’s Workshop, and the mail out has begun.

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Office Site Selection: The most critical question to ask

Downtown Birmingham, AlabamaBy Southpace Broker Blake Crowe, CCIM

I recently read an article in the Birmingham Business Journal that discussed ten things a tenant should ask before choosing office space. While all ten were fair questions that would prove informative and beneficial for the tenant, I believe the most critical question to ask is, “Why don’t we hire a competent tenant representation broker?”

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New Publix Shopping Center Coming Soon to Rainbow City

The Shoppes at Rainbow LandingGood news, Rainbow City! A new Publix-anchored shopping center will soon be coming to the area. Southpace broker, Andrew Loveman, CCIM, is handling the leasing of The Shoppes at Rainbow Landing.

This new development will be conveniently located at the intersection of Rainbow Drive and AL Highway 77. Along with a 45,600 square foot Publix Super Market, The Shoppes will also include 20,000 square feet of retail shop space and two outparcels.

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How Construction Activity Betters Our Economy

constructionBy Charles Ferlisi, Director of Development & Construction Consulting at Southpace Properties, Inc.

I recently came across an article in the Birmingham Business Journal by Jay Reed, President of the Associated Builders and Contractors of Alabama. His piece was titled “Why Construction Matters in Alabama.” As Director of Development and Construction Consulting at Southpace, I was curious to read his points of why he felt construction mattered so much in our state. Turns out, I couldn’t agree more with what he had Continue reading “How Construction Activity Betters Our Economy”

CAP Rates Remain Low, For Now

As summer is coming to an end, CAP rates for net lease retail properties continue to remain low. Some of the lowest average rates are coming from segments such as banks, c-stores and pharmacies. While top tier assets remain in short supply and high demand, investors have begun to be bolder in regards to their investment criteria. But for now, the future of net lease retail development is looking good!

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