The 40,000 square-foot property known as the University Building at 85 Bagby Drive, recently sold to a Florida-based investor for $1.62 million. In September 2013, Bill Smith, a local investor and CEO of Shipt, purchased the building with 40 percent occupancy. After a three-year period and significant renovations and lease-up by Smith’s team, they were…
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On Jan. 17, 2017, the Housing Authority of the Birmingham District (HABD) approved Southside Development Co. as its partner on the redevelopment of the Southtown public housing property. Our Michael Reilly, leasing and brokerage associate, was quoted in a recent article by the Birmingham Business Journal stating, “This redevelopment effort is definitely a positive initiative…
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According to a recent article in the Birmingham Business Journal, experts say 2017 should see the continuation of commercial real estate momentum that began in 2016. Our Philip Currie, SIOR, CCIM, told the BBJ, “Location drivers will continue to influence the market. Additionally, design factors and consideration are currently, and will continue to be, at…
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Peltown Realty recently purchased Magnolia Office Park from its original owner, Lewis Development and Management. The space, located in Birmingham’s Southside near Five Points South, consists of three buildings totaling 170,000 square feet and is 99 percent occupied. Our Philip Currie, CCIM, SIOR, president of J.H. Berry & Gilbert, helped broker the transaction. “The tenants…
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Homewood Musical Instrument Co. and Burns String Instrument Repair have relocated from their previous location at 3207 Central Ave. next to Nabeel’s Café and Market. The companies will now occupy 2,600 square feet at 1712 28th Ave. S. in Homewood, Alabama. William Gunn, SIOR, CCIM of J.H. Berry represented landlord Executive Office Services Inc. in…
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Edwin Moss, CCIM, CPM, of J.H Berry & Gilbert recently represented Red Mountain Villas Partners LLC in the purchase of a space located at 2921 Second Ave. S. near Pepper Place. The 11,500-square-foot building has open floor plans and currently houses Cayenne Creative and Go Pro Event Solutions. “Second Avenue South and the design district…
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An 11,500-square-foot building located at 2921 Second Ave. S. has sold for $1.75 million. The space, which is near Pepper Place, currently houses Cayenne Creative, an advertising and event agency, and Go Pro Event Solutions, an event company. Edwin Moss, Executive Vice President of J.H. Berry & Gilbert represented the buyer, Red Mountain Villas Partner,…
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The Birmingham Business Journal posted an article on Oct. 20, 2016 regarding Teachers Insurance and Annuity Association’s new office space on Highland Avenue. The company now occupies 3,314 square feet at the Highland View office building at 2545 Highland Avenue. Philip Currie, president of J.H. Berry & Gilbert, represented the landlord in the transaction and…
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Al.com posted an article on Oct. 20, 2016 regarding Teachers Insurance and Annuity Association’s new office space on Highland Avenue. The company now occupies 3,314 square feet at the Highland View office building at 2545 Highland Avenue. Philip Currie, president of J.H. Berry & Gilbert, represented the landlord in the transaction and was quoted discussing…
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Congratulations to our Cooper Smith, leasing and brokerage associate, on being recognized by the Birmingham Business Journal as one of Birmingham’s Rising Stars of Real Estate. Cooper was showcased along with 17 other up-and-coming real estate, construction and development leaders, all 30 years of age or younger, in the Birmingham area. Read article.
