Southpace Top 10 Deals in 2014
Last week we were pretty excited to learn that two Southpace transactions landed on the Birmingham Business Journal’s top Commercial Real Estate Deals of the Year for 2014.
You’ll find both of those deals below, plus the rest of the top 10 transactions our brokers facilitated in 2014.
Whole Foods Market – Riverchase Village – Hoover, AL
Broker(s): David Ashford, CCIM
Price/GLV: Undisclosed
The transaction: David represented the landlord in the leasing of 50,000+ SF to Whole Foods Market at Riverchase Village, located at the corner of Highway 31 and Lorna Road in Hoover, Alabama. This will be their second store location in the Birmingham area.
Gander Mountain – Westwood Plaza – Mobile, AL
Broker(s): Bryan Holt, CCIM, CRX and Tyler Bradford, CCIM
Price/GLV: Undisclosed
The transaction: Bryan and Tyler represented Gander Mountain in lease negotiations of a 50,000 SF store at Westwood Plaza in Mobile, Alabama.
Old Federal Reserve building sale – Birmingham, AL
Broker(s): John Lauriello, CCIM, SIOR, CPM and Blake Crowe, CCIM
Price/GLV: $1,350,000
The transaction: John and Blake represented the owner in the sale of the 70,000 SF Old Federal Reserve building to an investor at 1801 Fifth Avenue North in Birmingham, Alabama.
Gander Mountain – Promenade Montgomery North shopping center – Montgomery, AL
Broker(s): Bryan Holt, CCIM, CRX and Tyler Bradford, CCIM
Price/GLV: Undisclosed
The transaction: Bryan and Tyler represented Gander Mountain in lease negotiations of a 43,000 SF store at Promenade Montgomery North shopping center in Montgomery, Alabama.
Land sale – Patchwork Farms – Vestavia Hills, AL
Broker(s): Steve Mordecai and Andrew Loveman, CCIM
Price/GLV: $2,200,000
The transaction: Steve and Andrew represented the owner in the sale of 8.3 acres of land at Patchwork Farms in Vestavia Hills, Alabama. Resort Lifestyle Communities will build a $30 million independent living facility with 130 units on the property.
The Saturn Lounge and Satellite Bar – Avondale, AL
Broker(s): Bob Vines
Price/GLV: Undisclosed
The transaction: Bob represented the landlord in the leasing of 10,000 SF at 200 41st to Bowery Birmingham, LLC. at in Avondale, Alabama. The property is being developed for use as a live event space and music venue. BILT in Alabama provided architecture design for the project.
CVS Pharmacy – Country Club Park – Mountain Brook, AL
Broker(s): David Ashford, CCIM
Price/GLV: Undisclosed
The transaction: David represented Scott & Scott, Inc. in the leasing of the 15,700 SF former Piggly Wiggly to CVS Pharmacy in Country Club Park in Mountain Brook, Alabama.
Heritage Towne Centre sale – Birmingham, AL
Broker(s): Michael Randman
Price/GLV: $5,636,000
The transaction: Michael represented the owner in the sale of the 85,000+ SF Heritage Towne Centre at 873 Dennison Avenue in Birmingham, Alabama.
Brooke Lyn Apartments complex sale – Pleasant Grove, AL
Broker(s): Stephen Lazarus and Michael Randman
Price/GLV: $3,975,000
The transaction: Steve and Michael represented the owner in the sale of the 94 unit Brook Lyn Apartments complex in Pleasant Grove, Alabama.
Steiner Bank Building Office Sale to The Title Group – Birmingham, AL
Broker(s): John Lauriello, CCIM, SIOR, CPM and Blake Crowe, CCIM
Price/GLV: $1,825,000
The transaction: John and Blake represented the owner in the sale of the 28,000 SF Steiner Bank Building to The Title Group at 2101 First Avenue North in Birmingham, Alabama. This will be the location of their new office headquarters.
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.
