BIRMINGHAM, Ala. – The second quarter of 2017 has included several important disposition sales, tenant acquisition leases and other transactions. Some notable portfolio deals include the sale of the Paramount Building, the purchase of Morgan Village in Bessemer and the purchase of McAdory Plaza. The Shannon Waltchack brokerage team conducted over $18 million in transactions during the second quarter.
“The velocity of transactions continues to reflect positive trends in the commercial real estate sector,” said Shannon Waltchack Partner Tim Blair, CCIM.
Transaction details are listed below in alphabetical then chronological order:
- Ali Wilburn represented Cahaba River Road Retail in the lease of 2,800 SF at 4851 Cahaba River Road to Ashley Cisneros.
- Ali Wilburn represented Kristina’s Boutique dba Hemline in the lease of 2,292 SF at 1802 29th Avenue in Homewood from a land owner, who was represented by Jerry Tortorigi with Tortorigi Properties.
- Andrew Patterson, CCIM represented Chelsea Crossings, LLC in the lease renewal of 4,800 SF at 16054 US Highway 280 to Shoe Show.
- Andrew Patterson, CCIM represented Mill Square Partners, LLC in the lease renewal of 8,400 SF at 1580 Mill Square in Alexander City to Dollar General.
- Andrew Patterson, CCIM represented Alabama Outdoors, LLC in the leaserenewal of 5,861 SF at 108 Inverness Plaza from HWY 280, LLC.
- Andrew Patterson, CCIM represented Heritage Town Center, LLC in the lease renewal of 2,700 SF at 873 Dennison Avenue SW to A&W Clothing, Inc.
- Andrew Patterson, CCIM represented TherapySouth, LLC in the lease of 2,400 SF at 3056 Healthy Way from Patchwork Retail Venture.Miller Terry with Blackwater Resources represented the Landlord.
- Andrew Patterson, CCIM represented Cahaba River Road Retail in the leaserenewal of 2,000 SF at 4851 Cahaba River Road to Professional Financial Services.
- Andrew Patterson, CCIM represented McAdory Plaza Partners, LLC in the purchase of an 11,875 SF shopping center in McCalla, AL.Glenn Ponder with Ponder Properties represented the seller, USAmeribank.
- Andrew Patterson, CCIM represented Morgan Village Partners, LLC in the purchase of an 32,998 SF shopping center in Bessemer, AL.Glenn Ponder with Ponder Properties represented the seller, USAmeribank.
- David Spencer represented Vineyard Brands in the lease of 7,272 SF at 2 North 20th. Tanner Sumners of Harbert Realty represented the Landlord.
- David Spencer represented Central Alabama Spine Center, LLC in the lease renewal of 2,874 SF at 52 Medical Park Drive East from Lilibridge Healthcare Services.
- Derek Waltchack represented WSKG, II in the sale of a 3,000 SF building in Hattiesberg, MS to Young Investment Properties.
- Derek Waltchack represented Tampa Brandon Express, LLC in the sale of a 2,400 SF building in Tampa, FL to Seville- Tampa, LLC.
- George Elliott represented Martin Weed, LLC in the sale of a 3,690 SF building at 1214 Alford Avenue to Easley, LLC, represented by Keith Arendall of LAH Commercial.
- George Elliott represented Collateral Properties, LLC in the lease of office space at 1900 Crestwood Blvd to Golden Rule BBQ.
- George Elliott represented Blantons Holdings, LLC, in the lease of 1,250 SF at 5336 Stadium Trace Parkway to Joshua L. Baker.
- George Elliott represented Blantons Holdings, LLC, in the lease of 1,310 SF at 5336 Stadium Trace Parkway to ARC Realty. The tenant was represented by Beau Davis of ARC Realty.
- George Elliott represented Collateral Properties, LLC in the lease of 1,244 SF of office space at 400 Lorna Square to Laura Brown Foundation who was represented by Elizabeth Madison of Red Rock Realty Group.
- Michael Murray represented Willow Oak, LLC in the lease of 1,500 SF at 3521 Vann Road to Marino Premium Detailing.
- Michael Murray represented RAC Dealership in the lease of 2,500 SF at 405 Skyland Blvd in Tuscaloosa from Lease and Rental Management, LLC.
- Robert Crook, CCIM and Seth Berry represented Alabaster Market Center in the lease of 2,180 SF at 140 Market Center Drive to H&R Block.
- Robert Crook, CCIM represented University Park, LTD in the lease of 875 SF at 1201 2nd Avenue South to Life Touch Massage.
- Robert Crook, CCIM and Seth Berry represented AMC Holdings in the lease of 2,200 SF at 300 Canyon Park to McDowell Security.
- Robert Crook, CCIM and Seth Berry represented AMC Holdings in the lease of 2,660 SF at 48 Chesser Crane Road to Linda S. Hardy.
- Robert Crook, CCIM represented 2004 13th Avenue S Management, LLC in the sale of a 4,000 SF building at 2004 13th Avenue South to Historic Properties, LLC.
- Robert Crook, CCIM and Len Shannon, CCIM represented Parkside 15, LLC in the sale of a 10,000 SF building at 1200 1st Avenue South to Duffy Investment Group.
- Seth Berry represented both the landlord, Tommy Davis, and the tenant, Blue Ridge X-Ray, in the lease of 2,500 SF a1 92A Hinds Street in Pelham.
- Seth Berry represented Road Runner Moving in the lease of 23,080 SF at 1430 Reverend Abraham Woods Jr. Blvd from David Chris McIlvaine.
- Seth Berry represented Jonathan Goolsby in the sale of an 8,000 SF industrial building at 1826 5th Avenue North to Rudder Properties.
- Seth Berry represented Hero Doughnuts, LLC in the lease of 1,341 SF at 3027 Central Avenue in Homewood from RAC JR. Family Bluebonnet, LLC.
- Seth Berry represented Clyde Pearce in the lease of 3,000 SF at 2134 Pelham Parkway to Chris Sims/Aqua Systems, LLC.
- Len Shannon, CCIM represented Medical Mile, LLC in the purchase of a 6,832 SF retail building at 561 1st Street North in Alabaster from Greenbriar, Ltd.
- Len Shannon, CCIM and Andrew Patterson, CCIM represented Paramount Partners, LLC in the sale of a 15,000 SF building at 204 20th Street North to Fun City, LLC.
- Len Shannon, CCIM represented Colonnade Retail Partners, LLC in the lease of 3,906 SF at the Shops at the Colonnade to Local Taco. Stutts Everette represented the tenant.
- Tim Blair, CCIM represented Opelika and Gay, LLC in the lease renewal of 2,555 SF at 203 Opelika Highway in Auburn, AL to La Palma Mexican Restaurant.
- Tim Blair, CCIM and Andrew Patterson, CCIM represented Dental Arts Partners, LLC in the sale of a 10,000 SF medical office building at 122 7th Avenue NE in Alabaster to AnSo Happy, LLC.|
- Tim Blair, CCIM represented Shelby Medical Partners, LLC in the lease renewal of 2,687 SF at 644 2nd Street in Alabaster to Dr. Lindsay.
- Tim Blair, CCIM represented Independence Plaza, TIC in the lease expansion of 1,697 SF at 1 Independence Plaza to Navigate Wealth.
About Shannon Waltchack
A full service commercial real estate firm, Shannon Waltchack manages, brokers, develops, and acquires property across the Southeast. Since its inception in 2005, Shannon Waltchack has closed more than $1.2 billion in real estate transactions and manages a diverse portfolio that includes more than 80 properties spanning five states and over 3 million square feet. For more information, please visit shanwalt.com.
Shannon Waltchack is a member of TCN Worldwide, a global network of independent commercial real estate firms with offices throughout the United States and abroad. This affiliation allows us to utilize a network of global resources, including an on-the-ground presence and research analytics in more than 200 different markets including over 800 brokers.
Contact: Suzanne Echols, Marketing Director / 205.868.3807 / [email protected]
Images: L to R: Paramount Building, 200 20th Street North; Morgan Village at 1201 Lake Drive SE in Bessemer
