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Shop-Space-Per-Anchor Ratio: The Missing Metric

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Shop-Space-Per-Anchor Ratio: The Missing Metric

October 16, 2020

Quick. Think of a shopping center in your market where the anchor store does OK, but there is always vacancy in the center and the turnover has been constant since… Read more

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Meet Nicole! Nicole brings over 20 years of experience in managing commercial, office, retail, industrial, and residential properties to Southpace Properties. With a BA in Business Administration from Conestoga College, she is passionate about building lasting client and tenant relationships. Outside of work, Nicole enjoys traveling, time with loved ones, and her pet, Kevin.

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Ay Güey Taqueria & Bar has recently opened its first location at 39 Springville Station in Springville, AL, just 30 minutes from downtown Birmingham. This unique Mexican restaurant features a vibrant wrestling theme, adding a fun and distinctive flair to the dining experience. Alex Benson from Southpace Properties represented the landlord in securing this exciting new spot. The restaurant is now open and ready to welcome guests! Clink the link in our bio to read this article.

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Meet Tyler! Tyler brings over 20 years of experience in commercial real estate, now stepping into the role of Director at Southpace to lead and support the brokerage team.

His career began at Books-A-Million, where he rose to Vice President of Real Estate, building extensive market expertise and handling deals across major cities in the U.S. Now focused on retail brokerage and development, Tyler specializes in single-tenant properties and advises property owners on strategic decisions.

With a passion for mentorship, he uses his industry knowledge to guide and teach young professionals. Outside of work, Tyler enjoys spending time with his family and planning their next adventure.

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We are proud to announce that Southpace’s John Lauriello has once again been named to the @bhambizjrnl 2024 “Who’s Who in Commercial Real Estate” list. This prestigious recognition highlights top leaders and key players in the commercial real estate industry, and John’s continuous dedication and significant contributions have earned him a place on this list multiple times.

Join us in congratulating John on this well-deserved recognition! Visit the link below to see the full list and celebrate this achievement with us.

#BirminghamBusinessJournal #commercialrealestate #BirminghamCRE

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Done Deal Alert! Patrick Sullivan of Southpace Properties successfully represented the seller in the acquisition of an H&E Equipment Rental investment property located in Madison, Alabama. The deal encompassed a 17,500 square foot building on 5 acres of land.

Special thanks to the brokers who brought the 1031 exchange buyer to the table: Mike Powers of Candler Company and Spencer Henderson of B+E.

#donedeal #1031exchange #investmentsales

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On this 23rd anniversary of the 9/11 attacks, we pause to honor the lives lost and the countless others forever impacted. Today, we remember the resilience, strength, and unity that rose from tragedy. Let their memory inspire us to uphold unity and peace.

#NeverForget

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Southpace has been busy this summer with the addition of five new members joining the Southpace Team!

Tyler Bradford joins us as a Director, bringing valuable leadership experience and strategic management. Nicole Predhomme, with her strong background in managing diverse portfolios, will be one of our new Property Managers, while Alex Holt, who is new to property management, brings a fresh perspective and eagerness to learn in his new role. Andrew Collat steps in as an Associate Broker, eager to expand our client relationships and drive success. Isabella Amezquita joins us as our Retail Coordinator, bringing a fresh and organized perspective to supporting the retail team.

Please join us in welcoming them to the Southpace Family! We are excited about their arrival and look forward to their contributions. Stay tuned over the next few weeks to learn more about our new team members!

#NewHires #HereWeGrowAgain #commercialrealestate

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Last weekend, the Southpace team got together for a Low Country Boil, graciously hosted by Bryan and Lynn Holt. It was a perfect day spent with colleagues and family, enjoying great food and even better company. Here’s to the shared moments that make our team stronger! 🦐🌽🍻

#southpace #teambuilding

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John Lauriello of Southpace Properties has been instrumental in transforming Birmingham's City Center. With deep commitment to preserving historic buildings, like the Clark Building, he has turned derelict structures into vibrant landmarks. Mac Moorer, a retired attorney and former Operation New Birmingham (ONB) Chair, vividly contrasts the once deserted downtown of 1981 with today's bustling scene, brimming with life and energy.

Check out the recent Comeback Town article written by guest columnist Mac Moorer who reflects on the renaissance of downtown Birmingham and how it came to flourish today.

🔗 Read more: https://comebacktown.com/2024/07/21/mac-moorer/

#Southpace #BirminghamRevival #CityCenter #CommercialRealEstate #HistoricRestoration #BusinessOwners #CREInvestors #BirminghamAL #DowntownTransformation #LeadershipBirmingham

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🌟 𝐌𝐞𝐞𝐭 𝐭𝐡𝐞 𝐓𝐞𝐚𝐦 𝐒𝐩𝐨𝐭𝐥𝐢𝐠𝐡𝐭 𝐒𝐞𝐫𝐢𝐞𝐬 🌟

Meet Blair Boyer, our dedicated executive assistant who joined Southpace in August 2023. Blair is a proud graduate of the University of Alabama, holding a B.A. in Psychology and Political Science. With extensive experience in property management and lease administration, Blair has previously worked for two Birmingham-based commercial real estate companies and a healthcare real estate company in Chicago, where she earned the prestigious Rising Star in Healthcare CRE award.

Outside of work, Blair loves spending time with her friends, family, and her son, Hudson. She also enjoys traveling and actively fundraises for Children's of Alabama, the March of Dimes, and St. Jude Children's Research Hospital. Blair's commitment to her community extends to volunteer work at the Phoenix House Rehabilitation Centre and the Trussville Health & Wellness Center.

#MeetTheTeam #SouthpaceProperties #RealEstateExcellence #TeamSpotlight #RealEstate #RetailExpert #realestatebrokers #commercialrealestatebroker #birminghamcre #southpace #commercialrealestate #bhamalrealestate #tenantrep #tenantrepresentation #retailrealestate #realestateinvesting #investmentproperty #cre #excecutiveassistant

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We are thrilled to share that Mike White, Vice President & Director of Property Management, has recently obtained his Certified Property Manager (CPM) certification from the Institute of Real Estate Management (IREM)!

Earning this prestigious designation signifies Mike's high level of expertise and professionalism in property management. It reflects his comprehensive understanding of property management principles and practices, including financial operations, marketing, and maintenance. The rigorous certification process involves extensive coursework, exams, and experience requirements.

Mike’s commitment to ethical standards, continuing education, and effective property management has been recognized with this certification, enhancing his credibility and career prospects in the real estate industry.

Congratulations, Mike, on this achievement! 🎉👏

#Southpace #CPM #IREM #PropertyManagement #CertifiedPropertyManager #RealEstateManagement #bhamcre #bhamalabama #commercialrealestate #bhamrealestate #propertyexperts #realestatemanagement