Our Top 10 Deals in 2013
Over the course of a year, we complete a lot of transactions here at Southpace. However, there are always a few deals that stand above the rest. Below are the top 10 transactions our brokers facilitated in 2013.
McFarland Blvd. and I-65 in Tuscaloosa, AL
Purchaser: Gander Mountain
Broker(s): Bryan Holt, CCIM, CRX and Tyler Bradford, CCIM
Price/GLV: $13,525,000
Additional information: Bryan and Tyler represented Gander Mountain in the purchase of four acres and lease negotiations for a new store location on McFarland Boulevard in Tuscaloosa, Alabama.
Multi-family Apartment Portfolio Sale in Highlands Area
Purchaser: Cliff Road Properties, LLC
Broker(s): Stephen Lazarus
Price/GLV: $10,150,000
Additional information: Stephen Lazarus represented the buyer in the purchase of seven multi-family apartment buildings in the historic Highland/Southside area.
Former Food World in Vestavia Hills
Purchaser: City of Vestavia
Broker(s): John Lauriello, CCIM, SIOR and Bryan Holt, CCIM, CRX
Price/GLV: $950,000
Additional information: This property was purchased by the city of Vestavia for their new city hall after Southpace was asked to study the property for possible redevelopment under the city’s master plan for the area. The city has committed to the redevelopment of the Hwy 31 corridor and this represents one of the largest commercial properties on that corridor. Vestavia will be the catalyst for more redevelopment to come in the immediate area surrounding the subject property.
Gadsden, AL
Purchaser: Gander Mountain
Broker(s): Bryan Holt, CCIM, CRX and Tyler Bradford, CCIM
Price/GLV: $12,100,000
Additional information: Bryan and Tyler represented Gander Mountain in the purchase of approximately five acres and lease negotiations for a new store location in the River Trace Shopping Center on Meighan Boulevard in Gadsden, Alabama.
Bruno Capital Building – 30,000 SF lease
Tenant: Source Medical
Broker(s): Blake Crowe, CCIM
Price/GLV: Undisclosed
Additional information: Blake represented Source Medical in a lease renewal of 30,000 SF of office space at the Bruno Capital Building in Birmingham, Alabama. The company, which provides 120± technology jobs to the local economy, had the opportunity to move to several nearby markets, but chose to stay within the city limits of Birmingham.
Pensacola, FL
Purchaser: Gander Mountain
Broker(s): Bryan Holt, CCIM, CRX and Tyler Bradford, CCIM
Price/GLV: $9,778,506
Additional information: Bryan and Tyler represented Gander Mountain in the leasing of 42,973 SF on Airport Boulevard in Pensacola for their seventh store location in Florida.
The Shoppes of Pell City
Purchaser: Undisclosed
Broker(s): Anne Michaels, CLS and Michael Randman
Price/GLV: $3,225,000
Additional information: Anne and Michael represented Second Street, LLC. in the sale of this 58,332 SF shopping center in Pell City, Alabama. Andrew Patterson of Shannon-Waltchack represented the buyer, SW Holdings II, LLC.
Industrial Complex on 1st Ave South
Purchaser: Undisclosed
Broker(s): Bill McDavid, CCIM
Price/GLV: $2,500,000
Additional information: Bill represented the buyer in the purchase of a 115,000 SF industrial complex at 1143 1st Avenue South in Birmingham, Alabama.
Pell City Plaza
Purchaser: Undisclosed
Broker(s): Bill McDavid, CCIM, Anne Michaels, CLS and Michael Randman
Price/GLV: $2,415,000
Additional information: Bill, Anne and Michael represented the owner in the sale of this 105,290 SF multi-tenant shopping center in Pell City, Alabama. Andrew Patterson of Shannon-Waltchack represented the buyer.
Booker T. Washington Building
Purchaser: Stonegate Realty
Broker(s): John Lauriello, CCIM, SIOR and Blake Crowe, CCIM
Price/GLV: $585,000
Additional information: John and Blake represented the owner in the sale of the 60,000 SF Booker T. Washington building at 1728 3rd Avenue North in Birmingham, Alabama. This property is being redeveloped and will deliver a mixed-use property of residential and office suites to downtown.
