John Hardin, CCIM, vice president of office sales and leasing at J.H. Berry & Gilbert, was recently quoted in an article by AL.com about J.H. Berry’s work in the sale of Homewood’s University Building. The 40,000-square-foot property is located at 85 Bagby Drive and was sold to a Florida investor in December 2016 for $1.62…
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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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Cooper Smith was recently quoted in the Birmingham Business Journal regarding bDot Architecture moving into its new office space located at 1201 2nd Ave. N. John Hardin, CCIM, vice president of office sales and leasing, and Cooper Smith, leasing and brokerage associate, of J.H. Berry & Gilbert represented the landlord, 1215 Parkside LLC, in the…
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The Magnolia Financial Center, located at 1025 23rd St. S., was recently purchased for $756,000 by Magnolia Property LLC. John Hardin, CCIM, vice president of office sales and leasing, and Cooper Smith, leasing and brokerage associate, of J.H. Berry & Gilbert represented the owner. John was recently quoted in an article by the Birmingham Business…
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By Michael Reilly The classification of office space can often leave potential renters or buyers puzzled as to which type of office space is best for their business. Many factors affect how an office property is classified, including the age of the building, technological capabilities, location, efficiency and market perception – all of which…
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