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2015

GRAHAM REPORT • 2015 1executive summary

GRAHAM REPORT • 2015

GRAHAM REPORT/2015BIRMINGHAM, ALABAMA

Cover: 1,800,000 sf Kaiser Aircraft Hangar available for lease.

Copyright 2015. Reproduction, in whole or part, of this report is prohibited.

TABLE OF CONTENTS

EXECUTIVE SUMMARY . . . . . . . . . . . . . . . . . . . . . . . 1

COMMENTARY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

INDUSTRIAL GROUP . . . . . . . . . . . . . . . . . . . . . . . . 4

CENTRAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

OXMOOR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

WEST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

SOUTH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

BUILDING LOCATIONS (CITY MAP) . . . . . . . . . . . . 19

EAST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23

INDUSTRIAL BUILDINGS . . . . . . . . . . . . . . . . . . . . 27

FOR SALE OR LEASE . . . . . . . . . . . . . . . . . . . . . . . 28

GRAHAM & COMPANY ACTIVITIES/2014 . . . . . . 35

GRAHAM TEAM . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37

Graham & Co also publishes the annual Birmingham Office Market Survey.

Information deemed reliable, but not guaranteed .

OVERVIEW:

executive summary 2

Absorption continued in 2014 with a substan-tial growth in bulk distribution absorption. The

positive growth in occupancy was generally spread evenly over the various submarkets, but with a larger percentage increase in the East submarket. While other Southeastern cities are now chasing specula-tive developments, Birmingham is characteristically lagging. While demand has improved significantly, it has not proven itself as scalable and we are still seeing re-absorption of space that went vacant during the Recession.

Rental rates have remained basically flat, though annual increases are becoming routinely accepted by tenants. Low interest rates have continued to bolster

our economy and, of course, changes at the Fed are coming, but at least a year or more away.

Occupancy levels improved in 2014 in the warehouse sectors, but tumbled in the freestanding industrial buildings, which showed negative absorption for 2014. This was due largely in part to the 1,800,000 sf avail-ability of Kaiser Hangar Facility (see cover) and the 1,311,295 sf C&S Warehouse. Many of the large 2013 blocks of space have now been filled and choices for spaces of 50,000 sf and up are getting very scarce.

Transaction volumes for 2014 were very strong, and we expect a positive pace will continue into 2015. Still no new construction is expected in the near term.

As always, as we go to press, the successes of 2014

are a direct correlation to the confidence from our relationships with our clients, vendors, investors and colleagues. Thanks for a good year and we wish continued success for all in 2015.

Yours truly,

ALL AREASFREESTANDING

INDUSTRIAL BLDGS.TOTAL MULTI-TENANTWAREHOUSE MARKET

BULKDISTRIBUTION

OFFICE/WAREHOUSE

SERVICECENTER

Occupancy Rate 92.8% 88.1% 89.1% 84.1% 87.9%

Status Balanced Balanced Balanced Balanced Balanced

Available Space 6,873,000 1,911,000 1,317,000 466,000 128,000

Total Market 95,553,000 16,090,000 12,097,000 2,932,000 1,061,000

Average Rate –– –– $3.97 $6.36 $11.89

New Space Rate –– –– $4.25 $6.75 $12.00

Absorption: 2014 (2,481,000) 445,000 439,000 (8,000) 14,000

2013 2,423,000 298,000 308,000 (3,000) (7,000)

2012 822,000 134,000 42,000 129,000 (37,000)

2011 1,019,000 259,000 197,000 20,000 42,000

2010 898,000 109,000 301,000 (130,000) (62,000)

Annual Absorption:

5 Yr . Avg . (2010-14) 536,200 249,000 257,400 1,600 (10,000)

Steve and Mike GrahamGraham & Company, LLC

GRAHAM REPORT • 2015 3

As UPS bumped into its technology and distribution nightmare of lost packages and delayed deliveries at the end of 2013, it brought to mind the

E-Commerce influences that have become a very strong driver of industrial users in our modern world.

From a new iPhone to your big screen TV, all these products move through the supply chain east to west and then west to east. The new Panama Canal will bring the supply chains even closer to our Southeastern cities. As E-Commerce promises faster and faster turnarounds, our Southeastern market should begin to see the distribution ripple absorb large blocks of distribution sites and warehouses that can accommodate the one and two day promised deliveries.

Manufacturing has continued for our region particularly in the automotive sectors, a theme that has appeared in one form or another in our Graham Reports for at least a decade. Low oil prices at the end of 2014 should boost consumer confidence, and bode well for strong growth for our Alabama auto industrial giants. We continue to be grateful for Mercedes, Kia, Honda, Hyundai and all the spin-offs that are scattered along the interstate corridors in Central Alabama.

Mike Graham, cpm, sior Steve Graham, mai, cre

E-Commerce

commentary

HD Supply’s new facility to service E-customers

GRAHAM REPORT • 2015industrial group 4

JORDAN W . TUBBVICE PRESIDENT,

INDUSTRIAL GROUP

[email protected]

JOINED GRAHAM & CO: 2007

AFFILIATIONS/HONORS:

• Birmingham Association of

Realtors, Rookie of the Year

Award 2008, Vulcan Award 2011

• NAIOP – Alabama Chapter

Board of Directors, Developing

Leaders Chair

• Industrial Advisory Board – Xceligent

• Member, Rotaract Club of Birmingham

CLIENTS INCLUDE:

• Roto-Rooter • Unified Design & Mfg • Regions Bank

• Tennessee Valley Metals • Sears Home Improvement Products

• Charter Communications • Carboline • Snyder’s–Lance

• Hackbarth Delivery Service • Hackman Capital Partners

JOHN COLEMAN, SIOR

VICE PRESIDENT,

INDUSTRIAL GROUP

[email protected]



• SIOR Industrial Specialist

• Member NAIOP – Alabama Chapter

Board Member &

Program Chair 2006-2008

• Eyesight Foundation of Alabama, Trustee

• Kiwanis Club of Birmingham

• National Multiple Sclerosis Advisory Council 2011


CLIENTS INCLUDE:

• Surmodics • CJ*GLS Logistics • DeShazo Crane • Durect

• Fleetpride • Georgia Pacific • US Steel • TSF Sportswear

• Jay Electric • McWane Pipe • Hilco • Samford University

OGDEN S . DEATON, SIOR

SENIOR VICE PRESIDENT,

INDUSTRIAL GROUP

[email protected]



• Numerous “Top Producer” awards

by the Birmingham Association of

Realtors, as well as transaction

recognition by NAIOP and the

Birmingham Business Journal


• SIOR Industrial Specialist Designation 1994,

Chapter President 2007

• Birmingham Association of Realtors

Vulcan Award, 20-Year Award

CLIENTS INCLUDE:

• BNSF Railway • Rainbird • Georgia Pacific • AT&T

• Caterpillar Logistics • ThyssenKrupp • Goodyear

• Wells Fargo • O’Neal Steel • Cascades Sonoco

• Coca-Cola • Stag • C&S Wholesale

JACK BROWN, SIOR


INDUSTRIAL GROUP

[email protected]



• SIOR Industrial Specialist


President 2011

• Birmingham Business Alliance,

Board Member 2011

• Birmingham Association of Realtors Vulcan Award 2006


CLIENTS INCLUDE:

• A.M. Castle & Co. • CSX Railroad • Ferguson Enterprises

• Magna International • MacLean-Fogg • Nucor Steel

• Regions Financial • National Bank of Commerce • Cintas

• SafeLite • US Auto Logistics

SONNY CULP, SIOR


INDUSTRIAL GROUP

[email protected]



• Numerous “Top Producer” awards

by the Birmingham Association of

Realtors, as well as transaction

recognition by NAIOP and the

Birmingham Business Journal

• SIOR Industrial Specialist Designation 1992,

Chapter President 2001, Regional Director 2007

• Birmingham Association of Realtors

Vulcan Award, 20-Year Award

• Board Chair, Restoration Academy

www.restorationacademy.org

• Board Member, Center for Executive Leadership

www.cfel-al.org

CLIENTS INCLUDE:

• Mercedes-Benz • Norfolk Southern Railroad • Michelin

• Sysco Foods • Ford Motor Land • Isuzu Corporation

• Cardinal Health • Nabisco • Frito Lay • Graybar • UPS

• SKF USA • Coca-Cola • Hackman Capital

GRAHAM REPORT • 2015 5central


Central(CBD, Southside, Airport, North Birmingham, Ensley, Avondale)

CENTRAL

The Birmingham market is separated for the purposes of this report into five distinct market areas: Central, Oxmoor, West, South and East.

CBD

CENTRALBULK

DISTRIBUTIONOFFICE/

WAREHOUSESERVICECENTER

TOTALMARKET

Occupancy Rate 89.2% 83.2% 84.2% 88.4%

Status Balanced Balanced Balanced Balanced

Available Space 376,000 59,000 34,000 469,000

Total Market 3,485,000 351,000 215,000 4,051,000

Average Rate $3.23 $5.51 $13.23 ––

New Space Rate $4.50 $6.50 $11.00 ––

Absorption: 2014 146,000 24,000 (23,000) 147,000

2013 (83,000) (28,000) 9,000 (102,000)

2012 (21,000) 41,000 (9,000) 11,000

2011 (119,000) (31,000) 20,000 (130,000)

2010 54,000 (13,000) (20,000) 21,000

Annual Absorption:

5 Yr . Avg . (2010-14) (4,600) (1,400) (4,600) (10,600)

The Central submarket is the second largest by square feet and is more urban than other submarkets. Occupancy for 2014 improved slightly and was almost 90% for

the bulk market. Rents remained relatively constant in spite of positive absorption. Occupancy for the submarket improved closing the year at 88.4%. In spite of this sector’s older product, confidence returned and local businesses expanded bringing the submarket to a balanced state.

New leases and/or sales of note for 2014 in this submarket included:• EBIW Tire leased a 67,700 sf warehouse at Continental Gin. • Alabama Industrial Development Training leased 56,000 sf at 3500 6th Avenue South.

central 6


No.*Property(Leasing)

BuildingSize (SF)

LocationYearBuilt

Loading Construction RailHeadRoom

Sprinklered%

OfficeRent/

SFOccupancy Remarks

1Birmingham Food Terminal(EGS Commercial)

1,019,480 Finley Avenue, l-65 N19582003

Dock highDrive-in

Concrete tilt-up Yes 20' Yes 10% 2.95Gross

79% 225,000 sf Available

2Continental Gin(Southpace Properties)

461,000 4500 5th Avenue So.1920’s& 1980

Dock highDrive-in

Block & Brick Yes20'–40'

Yes 10% 3.25 97% 13,500 sf Available

3BN Park(Graham & Co)

453,6112500–270013th Street W, Ensley

19661969

Dock highDrive-in

Concrete tilt-up Yes20'–26'

Yes 3% 2 .75 100%

4Airport Highway Park(Graham & Co)

312,1533500 to 3700 Airport Highway

1975, 19791981

Dock highDrive-in

Block,Concrete tilt-up

Yes 22' Yes 0% 3 .25 85% 47,070 sf Available

5Doc’s Warehouse(Graham & Co)

209,816 3221 1st Avenue No .19521970

Dock high Concrete tilt-up Yes18'–22'

Yes 1% 3 .95 100%

6Avondale Commerce Park(EGS Commercial)

194,200 3900 1st Avenue No.19801991

Dock highDrive-in

Concrete block Yes 18' Yes 5% 4.50Gross

100%

7Post Office Annex(Graham & Co)

178,174 4500 1st Avenue So .19701984

Dock high Concrete tilt-up Yes 30' Yes 5% 3 .25 100%

8Vanderbilt Distribution Ctr . (Graham & Co)

161,900 3340 Vanderbilt Rd .19622006

Dock high Block & Brick Yes17'–25'

Yes 5% 2 .60 100%

98th Ave. Warehouses(Barber Companies)

101,0003300Rev. Woods Jr. Blvd.

1965 Dock high Concrete tilt-up Yes 20' Yes5%– 15%

3.25 76% 24,000 sf Available

10Bermco(Watts Realty)

96,0005th Avenue No.& 32nd Street

1979Dock highDrive-in

Concrete tilt-up No 20' Yes 10% 3.00 100%

11Republic Industrial Park(Engel Realty)

64,400 Republic Blvd., Ensley 1975 Dock high Concrete tilt-up No 20' Yes 10% 3.25 82% 11,800 sf Available

123rd Ave. No. Warehouse(Barber Companies)

48,0002911-29233rd Avenue No.


Metal Yes 15' No Up to 10%

3.25 100%

13FergusonWarehouse/Showroom(Sloss Real Estate)

42,000 2800 2nd Avenue So. 1968 Dock high Concrete tilt-up Yes 24' Yes 35% 6.50 100%

143rd Ave. So. Warehouse(Barber Companies)

35,000 3035 3rd Avenue So. 1955 Dock high Block & Brick No15'– 18'

No 10% 3.50 71% 10,000 sf Available

15Montcreek Distribution(Watts Realty)

24,00015th Street &3rd Avenue So.

1979 Dock high Concrete tilt-up No 20' Yes 5% 6.50 100%

16 4001 2nd Ave. So.(EGS Commercial)

22,500 4001 2nd Avenue So. 1975Dock high Drive-in

Block & Brick No 14' No 20% 3.25Gross


17Wahouma Space Center(EGS Commercial)

22,00065th Street &3rd Avenue No.

1979 Dock high Block & Brick No 14' No 20% 3.00Gross


Multi-Tenant Survey/2015

Bulk Distribution (Over 20,000 SF)

central



BuildingSize (SF)

LocationYearBuilt


Sprinklered%

OfficeRent/

SFOccupancy Remarks

6Avondale Commerce Park(EGS Commercial)

281,925 3900 1st Avenue No.1980, 1984


Concrete block No14'–16'

No20%– 25%

6.00Gross


18Graymont Center(EGS Commercial)

69,000Graymont Avenue &8th Street West

1978 Dock high Block No 14' No 15% 3.50Gross



BuildingSize (SF)

LocationYearBuilt


Sprinklered%

OfficeRent/

SFOccupancy Remarks

19White Dairy(Barber Companies)

86,000 2700 7th Avenue So. 1984 Dock high Concrete tilt-up No 18' No 15% 9.50 91% 7,875 sf Available

20University Park(Shannon Waltchack)

65,2711201-12333rd Avenue So.

1985 Drive-in Concrete tilt-up No 12' No 100% 15.00 72% 17,721 sf Available

21Arlington Business Center(Watts Realty)

45,000 1500 5th Avenue So. 1985 Drive-in Concrete tilt-up No 10' No 100% 19.00 85% 6,574 sf Available

22Southside Business Center(EGS Commercial)

21,750 2501 5th Avenue So. 1984 Drive-in Block & Brick No 13' No20%– 30%

11.00Gross


* See Building Location Map, pages 19-20. Properties listed in descending order by size. Rental rates are provided by building’s agent . All rates quoted are Net unless otherwise noted .

LEGEND Office Warehouse

Service Center (Over 50% Office)

Office/Warehouse (Under 20,000 SF)

8central

GRAHAM REPORT • 2015 9oxmoor


Good improvement in occupancy hallmarked 2014 with two product types over 90%; overall occupancy improved to 87.1%. Rental rates trended downward

slightly after such a large increase in 2013, which proved to be unsustainable. The demand curve continued a positive boost to the submarket as new tenants

recycled larger projects. An Oxmoor trend appeared to be growth in industrial properties with large blocks of office or back office support space. These new developments have been locating in the newer, modern Lakeshore corridor and these appear to have had a positive impact on some of the older traditional office warehouses along Oxmoor Road.

New leases and/or sales of note for 2014 in this submarket included:• Infinity Insurance purchased a 62,000 sf corporate office and warehouse at 201 Sunbelt Parkway. • American Printing leased a 52,360 sf office/warehouse at 260 Lyon Lane.

Oxmoor(Oxmoor Road, West Lakeshore, Homewood)

OXMOOR

CBD

OXMOORBULK

DISTRIBUTIONOFFICE/

WAREHOUSESERVICECENTER

TOTALMARKET

Occupancy Rate 90.6% 78.5% 90.6% 87.1%

Status Balanced Oversupply Balanced Balanced

Available Space 157,000 179,000 37,000 373,000

Total Market 1,663,000 833,000 394,000 2,889,000

Average Rate $4.45 $6.78 $9.63 ––

New Space Rate $4.75 $6.95 $12.50 ––

Absorption: 2014 59,000 (11,000) 31,000 79,000

2013 125,000 64,000 1,000 190,000

2012 (17,000) (18,000) (37,000) (72,000)

2011 (62,000) 8,000 21,000 (33,000)

2010 (21,000) (37,000) (8,000) (66,000)

Annual Absorption:

5 Yr . Avg . (2010-14) 16,800 1,200 1,600 19,600

oxmoor 10





BuildingSize (SF)

LocationYearBuilt


Sprinklered%

OfficeRent/

SFOccupancy Remarks

23Oxmoor South Industrial Pk.(EGS Commercial)

528,430 Oxmoor Court1990, 1992


Concrete tilt-up No24'–27'

Yes 15% 4.50 97% 16,800 sf Available

24Distribution Center(Graham & Co)

515,000Distribution Drive,West Oxmoor


Concrete tilt-up Yes 20' Yes 10% 4 .50 93% 34,250 sf Available

25Lyon Lane(Graham & Co)

196,120240 Lyon Lane250 Lyon Lane260 Lyon Lane

199819991999

Dock highDrive-in

Concrete tilt-upMetal

No 22' Yes 10% 5 .45 85% 29,400 sf Available

26Shades CreekBusiness Park(EGS Commercial)

195,841 Shades Creek Circle 2000Dock highDrive-in


No24'–25'

Yes 5% 4.25 70% 59,849 sf Available

27Birmingham #2(Graham & Co)

79,095Citation Court,Homewood

1982 Dock high Concrete tilt-up Yes 22' Yes 3% 4 .25 100%

28Birmingham #1(Graham & Co)

78,000West Oxmoor& Snow Drive

1980 Dock high Concrete tilt-up No 22' Yes 30% 5 .50 100%

29Oxmoor South Building V(Barber Companies)

70,300 Oxmoor Court 1994Dock highDrive-in

Concrete tilt-up No 22' Yes 15% 4.25 77% 16,500 sf Available


BuildingSize (SF)

LocationYearBuilt


Sprinklered%

OfficeRent/

SFOccupancy Remarks

30Oxmoor Center(Engel Realty)

151,300 131 West Oxmoor 1974Dock highDrive-in

Block & Stucco No 20' Yes20%–25%

7.50 75% 37,470 sf Available

31Oxmoor Warehouses(Engel Realty)

142,265 Oxmoor Circle 1973 Drive-in Precast concrete No 12' No 25% 7.50 66% 47,920 sf Available

32Oxmoor Business Park(Universal DevelopmentCorporation)

138,110Citation Court,Homewood

197619781982

Dock highDrive-in

Block, Stucco& Glass

No12'–16'

No 25% 6.00 58% 58,102 sf Available


oxmoor



33Lakeshore CrossingsBusiness Center(Graham & Co)

59,891 1030 London Drive 2003 Dock high Concrete tilt-up No 21' Yes BTS 7 .71 98% 1,167 sf Available

34Wilkerson Warehouses(Graham & Co)

55,330115A-GWalter Davis Drive


Metal & Brick No16'–18'

No 5% 5 .25 75% 13,899 sf Available

35230 Oxmoor Circle(JH Berry & Gilbert)

49,500 230-232 Oxmoor Circle 1972 Drive-in Precast concrete No 14' No 75% 5.95 87% 6,230 sf Available

36Oxmoor West Service Ctr.(Leitman Perlman)

45,000 Lyon Lane 1998 Dock high Brick/Metal No 18' No15%–50%

8.55 90% 4,500 sf Available

37Oxmoor Court(Morris Properties)

44,953156 Oxmoor Court130 Oxmoor Court110/120 Oxmoor Court

199519971999

Dock highDrive-in

Concrete tilt-up& Brick

No 14' No 20% 6.35 79% 9,584 sf Available

38165 West Oxmoor(Graham & Co)

41,000 165 West Oxmoor 1979 Dock high Masonry No 24' Yes 10% 5 .50 100%

39Atlas – Industrial Lane(Graham & Co)

35,528 Industrial Lane19881994

Dock highDrive-in

Metal No 16' No 20% 6 .25 100%

40Oxmoor Midi Warehouse(Engel Realty)

36,425280 Snow Drive,West Oxmoor


Metal/Block No 20' NoUp to20%

6.00 100%

41West Park Drive(Southpace Properties)

33,300 West Park Drive 2000Dock highDrive-in

Block No 16' No 30% 7.00 100%


BuildingSize (SF)

LocationYearBuilt


Sprinklered%

OfficeRent/

SFOccupancy Remarks

42Forum Business Park(Barber Companies)

83,058Oxmoor Road& Barber Court

1983 Drive-in Precast concrete No 14' No 75% 7.50 77% 19,192 sf Available

43Crescent Center(Barber Companies)

77,367Summit Parkway,Homewood

1988 Drive-in Concrete tilt-up No 13' No 80% 8.50 92% 6,300 sf Available

44Centurion Square(Barber Companies)

70,944Oxmoor Road& Barber Court

1983 Drive-in Precast concrete No 9' No 90% 10.50 84% 11,608 sf Available

45201 London Parkway(Graham & Co)

57,650 201 London Parkway 2001 Drive-inBrick &Concrete tilt-up

No 14' Yes70%–100%

12 .50 100%

46100 London Parkway(Graham & Co)

49,608 100 London Parkway 2005 Drive-inBrick &Concrete tilt-up

No 14' Yes 100% 12 .50 100%

47Oxmoor Industrial LaneService Center(Graham & Co)

48,000432-434Industrial Lane


Masonry No 14' No 80% 7 .00 100%



12oxmoor

GRAHAM REPORT • 2015 13west


The year 2014 was another period of stability for the West submarket with limited changes in occupancy or rental rates, and modest negative absorption. The West

submarket is oriented along the I-59 corridor, with a healthy automotive sector as part of its occupancy profile. The rental rates for bulk distribution showed a 2% increase after a 4% increase in the previous year.

New leases and/or sales of note for 2014 in this submarket included:• Astra Tire leased a 148,000 sf warehouse at Perimeter Industrial Park.• Plastipak renewed a lease of 122,000 sf at 6800 Jefferson Metropolitan Parkway.

West(I-459 west and I-59 west to Vance)

WEST

CBD

WESTBULK

DISTRIBUTIONOFFICE/

WAREHOUSETOTAL

MARKET

Occupancy Rate 86.8% 87.6% 86.9%

Status Balanced Balanced Balanced

Available Space 457,000 16,000 473,000

Total Market 3,474,000 129,000 3,604,000

Average Rate $4.46 $4.84 ––

New Space Rate $4.35 $6.50 ––

Absorption: 2014 (22,000) 7,000 (15,000)

2013 17,000 (12,000) 5,000

2012 9,000 13,000 22,000

2011 334,000 17,000 351,000

2010 221,000 (12,000) 209,000

Annual Absorption:

5 Yr . Avg . (2010-14) 111,800 2,600 114,400

14west





BuildingSize (SF)

LocationYearBuilt


Sprinklered%

OfficeRent/

SFOccupancy Remarks

48Jefferson Metropolitan ParkPhases 1, 2 & 3(Graham & Co)

920,920Jefferson MetropolitanParkway, McCalla

200420052006

Dock highDrive-in

Concrete tilt-up No 32' Yes 0% 4 .25 87% 120,000 sf Available

49Perimeter Industrial Park(EGS Commercial)

606,850I-459 & EasternValley Rd., Bessemer

19891994

Dock highDrive-in

Concrete tilt-up Yes 24' Yes 5% 3.25 59% 250,000 sf Available

50ACI(Synchronous)

600,00010095 Brose Dr.,Vance

2004 Dock high Concrete tilt-up No 34' Yes 1% 5.10 100%Former MercedesSequencing Facility

51Mercedes-BenzService Parts Warehouse(Graham & Co)

518,40011146 W Walker Rd .,Vance

2005 Dock highDuraluminum metal wall/band-ed windows

No 24' Yes 2% 4 .50 100%U .S . Distribution Center, all AC

52Parkwest Distribution Center

208,0006000 GreenwoodParkway, Bessemer


Concrete tilt-up No 30' Yes 5% 3.95 100% Owner-occupied

53Parkwest Corporate CenterBuilding III(EGS Commercial)

127,500I-459 at Morgan Road,Bessemer


Concrete tilt-up No 24' Yes BTS 6.25 77% 48,600 sf Available

54BLG Facility(Synchronous)

122,500Legacy Industrial Park,Vance

2010 Dock high Metal No 24' Yes 8% 5.20 100%

55Legacy Building(Synchronous)

120,00010097 Brose Dr.,Vance



56Perimeter Industrial ParkBuilding 2(Barber Companies)

110,800I-459 & EasternValley Road, Bessemer

1991 Dock high Concrete tilt-up Yes 27' Yes 5% 4.25 100%

57Parkwest Corporate CenterBuildings I & II(EGS Commercial)

82,000I-459 at Morgan Rd.,Bessemer

19902007

Dock high Jumbo Brick No19'–21'

Yes 20% 6.15 62% 18,657 sf Available

58Academy Business Park(Southpace Properties)

57,600900 Powder Plant Rd.,Bessemer


Block & Metal No 24' Yes 15% 6.25 65% 20,000 sf Available

west





BuildingSize (SF)

LocationYearBuilt


Sprinklered%

OfficeRent/

SFOccupancy Remarks

59Brooklane Business Center(Lumpkin Development)

107,150Brooklane Road,Hueytown

1981, 19901993, 1994

Dock highDrive-in

Block & StuccoMetal

No12'–16'

No 20% 4.50 85% 15,950 sf Available

60Academy Business Park(Graham & Co)

22,000Powder Plant Road &Shirley Park DriveBessemer


Block & Metal No 20' Yes 20% 6 .50 100%


west 16

GRAHAM REPORT • 2015 17south


The South submarket extends along the I-65 corridor into Shelby County almost to Clanton. Overall the submarket was in a state of balance, but with an oversupply in

its largest segment, Bulk Distribution; even at 89.3% occupancy, we sense an oversupply due to the 261,000 sf of available space. Some major leases noted below moved about 200,000 sf to the other side of the ledger in late 2013. Rental rates showed reasonable increases and the last large blocks of space are likely to fill in 2015.

Modern green field developments mark the appeal of the product in this submarket. New leases and/or sales of note for 2014 in this submarket included:

• Pradco leased a 263,000 sf warehouse at Shelby Commerce Park for its national distribution center. • Plantation Patterns leased a 247,000 sf warehouse at Shelby Commerce Park for its national distribution center.

South(U .S . 280 and I-65 south to Calera)

SOUTH

CBD

SOUTH BULKDISTRIBUTION

OFFICE/WAREHOUSE

SERVICECENTER

TOTALMARKET

Occupancy Rate 89.3% 85.8% 87.4% 88.0%

Status Oversupply Balanced Balanced Balanced

Available Space 261,000 192,000 57,000 510,000

Total Market 2,432,000 1,351,000 452,000 4,235,000

Average Rate $3.98 $6.47 $13.23 ––

New Space Rate $4.25 $7.80 $12.50 ––

Absorption: 2014 152,000 (28,000) 6,000 130,000

2013 121,000 (40,000) (17,000) 64,000

2012 (50,000) 72,000 9,000 31,000

2011 32,000 46,000 1,000 79,000

2010 71,000 (65,000) (34,000) (28,000)

Annual Absorption:

5 Yr . Avg . (2010-14) 65,200 (3,000) (7,000) 55,200

south 18



19

BIRMINGHAM, AL

building locations

20building locations





BuildingSize (SF)

LocationYearBuilt


Sprinklered%

OfficeRent/

SFOccupancy Remarks

61Shelby Commerce Park(Graham & Co)

1,530,082U .S . Highway 31,Calera

2001, 2002,2005

Dock highDrive-in


Yes 2% 3 .95 94% 100,000 sf Available

62Calera Distribution Center(Graham & Co)

270,60041 North IndustrialParkway, Calera



No 28' Yes 0% 3 .85 56% 119,700 sf Available

63Shelby West Distribution Ctr.(EGS Commercial)

250,0001840 Corporate Woods Drive, Alabaster



64Shelby West Commerce Ctr.(EGS Commercial)

154,000175 Airview Lane, Alabaster



65Cahaba Valley Business Park(EGS Commercial)

117,244200 Cahaba ValleyParkway, at I-65Pelham


Brick & Block No 24' Yes 10% 4.50 82% 21,000 sf Available

66Valleydale Business Center(EGS Commercial)

110,000Business Center Drive, Pelham


Concrete tilt-up No 24' Yes 0% 4.50Gross



BuildingSize (SF)

LocationYearBuilt


Sprinklered%

OfficeRent/

SFOccupancy Remarks

65Cahaba Valley Business Park(EGS Commercial)

443,630 200 Cahaba ValleyParkway, at I-65Pelham

1992–2000

Dock highDrive-in

Block & Brick No13'–18'

No 20% 7.00Gross


67Chandalar Business Park(Lumpkin Development)

161,100Chandalar Drive, Pelham

1993, 19941996

Drive-inDock well

Metal No 16' No 20% 5.15 98% 3,500 sf Available

68Riverchase Business Park(Engel Realty)

158,500 255 Riverchase Pkwy.1979, 1980


Precast concrete No 15' Yes 40% 7.50 85% 23,420 sf Available

69Alabaster South(Lumpkin Development)

144,700Scotland DriveAlabaster

2001Drive-inDock well

Metal No 16' No 20% 4.45 70% 43,750 sf Available

66Valleydale Business Center(EGS Commercial)

76,600Business Center Drive,Pelham

1989Dock high Drive-in

Block & Brick No13'–18'

Yes 20% 7.00Gross


70Oak Mountain Business Park(Lumpkin Development)

71,250Commerce Parkway,Pelham

19941996

Drive-in Metal No 16' No 20% 5.00 100%

71Hoover East(Joseph Companies)

67,000 2260 Rocky Ridge Rd.19801986

Drive-in Metal & Brick No14'–16'

No 25% 6.25 100%


south


72Lorna Lane(Graham & Co)

54,3983419-3441 Lorna Lane,Hoover

19681980

Dock highDrive-in

Block & Metal No14'–18'

No 15% 6 .75 74% 14,000 sf Available

73Hoover Business Park(Engel Realty)

47,4003500 Lorna Ridge Rd.Hoover

1986 Drive-in Concrete tilt-up No14'–19'

No 40% 8.00 83% 7,930 sf Available

74Cahaba Valley Service Ctr .(Graham & Co)

42,173Cahaba Valley,I-65 & Highway 119

1993 Dock high Block No16'–20'

No 30% 7 .95 100%

75Commerce Park(Wyatt Realty)

34,0751001-57 CommerceCircle, Pelham

1987, 19881989

Drive-in Metal No 14' No 30% 7.00 100%

76Champion Boulevard(EGS)

25,4197004 Champion Blvd.,U.S. 280


Concrete tilt-up No 16' No 33% 9.50 100%

77Lorna Eight(Watts Realty)


1981 Dock high Block No 16' No 50% 6.00 87% 3,125 sf Available


BuildingSize (SF)

LocationYearBuilt


Sprinklered%

OfficeRent/

SFOccupancy Remarks

782100/2200/2300Riverchase Center(CBRE)

305,6112100-2300Riverchase Center

1980, 1984 1991

Dock highDrive-in

Brick & BronzeGlass

No11'–15'

No 90% 13.50Gross


79Riverhills Business Park(Barber Companies)

109,825 U.S. Highway 280 1986 Drive-in Brick No 14' Yes 100% 13.75 86% 14,983 sf Available

80Brook Highland Center(JH Berry & Gilbert)

22,0007051 Meadowlark Dr.U.S. Highway 280

2001 Drive-in Brick No 12' No 75% 10.50 57% 9,500 sf Available

72Lorna Lane(Graham & Co)


19681982

Dock highDrive-in

Block & Metal No12'–14'

No 50% 7 .50 82% 2,500 sf Available




south 22

GRAHAM REPORT • 2015 23east


This submarket is the smallest of the metro area, so even small changes in rates or move-ins/move-outs can have a larger percentage impact. In a submarket of just

over 1,000,000 sf, 2014 marked an enormous jump with over 100,000 sf of positive absorption in the bulk distribution category; this was tied primarily to one or two deals noted below here. Rental rates bounced in tandem with occupancy with a 4% increase in the bulk distribution sector. Moody continued to be an excellent location to serve Birmingham and take advantage of the I-20 corridor.

New leases and/or sales of note for 2014 in this submarket included:• Shea Brothers purchased a 63,000 sf office/warehouse at 511 Vulcan Parkway. • Cardinal Healthcare renewed its lease of 89,000 sf of warehouse space. • Royal Cup purchased a 53,000 sf warehouse at 110 Cleage Drive. • FedEx leased a 92,000 sf distribution center at 1401 Gadsden Highway.

East(Pinson Valley Parkway, Tarrant, Irondale, Trussville, Moody)

EAST

CBD

EASTBULK

DISTRIBUTIONOFFICE/

WAREHOUSETOTAL

MARKET

Occupancy Rate 93.7% 92.5% 93.4%

Status Shortage Balanced Shortage

Available Space 66,000 20,000 86,000

Total Market 1,043,000 268,000 1,311,000

Average Rate $4.09 $6.33 ––

New Space Rate $4.50 $6.50 ––

Absorption: 2014 105,000 0 105,000

2013 11,000 12,000 23,000

2012 3,000 20,000 23,000

2011 13,000 (19,000) (6,000)

2010 (23,000) (3,000) (26,000)

Annual Absorption:

5 Yr . Avg . (2010-14) 21,800 2,000 23,800

east 24





BuildingSize (SF)

LocationYearBuilt


Sprinklered%

OfficeRent/

SFOccupancy Remarks

81Moody Commerce ParkPhases 1, 2 & 3(Graham & Co)

415,200US 78 at I-20 Exit 47,Moody

200320072014

Dock highDrive-in

Concrete tilt-up No 32' Yes 5% 4 .25 100%31,200 sf Expansion of Park

82 Cleage Drive 178,650170 Cleage Drive,Pinson Valley

19722007

Dock highDrive-in

Metal Yes17'–32'

Yes 5% 3.25 100%

83Multiple Distribution Center(Southpace)

152,000165 Goodrich Drive,Pinson Valley

19721978

Dock high Concrete block Yes 21' Yes 10% 3.25 100%

84Roebuck PlazaDistribution Center(Barber Companies)

92,500RoebuckIndustrial Parkway,US 11 & I-459

1979 Dock high Concrete tilt-up Yes 18' Yes 10% 4.25 100% FedEx – New Lease

85Irondale Distribution Center(Graham & Co)

78,0002503 1st Avenue South,Irondale

1974 Dock high Concrete tilt-up Yes 20' Yes 3% 3 .50 46% 42,000 sf Available

86Old Leeds Distribution Ctr . (Graham & Co)

71,000 4759 Alton Court 2000Dock highDrive-in

Concrete tilt-up No 24' Yes 25% 6 .75 100%

87Commerce SquareBusiness Park(EGS Commercial)

56,000Commerce Blvd.,Irondale


Concrete tilt-up No 22' Yes10%–15%

5.00 57% 24,000 sf Available

east



BuildingSize (SF)

LocationYearBuilt


Sprinklered%

OfficeRent/

SFOccupancy Remarks

88Commerce SquareBusiness Park(EGS Commercial)

172,200Commerce Square,Irondale

1987 Drive-in Block No 13' No 25% 6.50Gross


89Queenstown Industrial Park(B.I.R.)

62,500Queenstown Road,Irondale

19871989

Drive-in Metal & Brick No16'–18'

No 15% 5.00 100%

90Old Leeds Park(JH Berry & Gilbert)

32,900Alton Court &US 78 East, Irondale



No 30% 8.00 100%




east 26


Industrial Buildings

After a very strong 2013, markets for industrial buildings backed up for 2014 with negative absorption of over 2 million sf. This unusually large negative absorp-

tion number is due to two new user warehouses becoming available in 2014: the 1.8 million sf Kaiser Aircraft Hangar (see cover) and the 1.3 million sf C&S warehouse. Both were single tenant facilities and the owners have offered to subdivide into smaller spaces. Historically low interest rates and growing local expansions accounted for the sales in this sector. Notable transactions for 2014 are summarized below:• R J Mechanical purchased the 275,000 sf Mazer Warehouse on 41st Street South. • ABC Supply purchased a 76,040 sf warehouse at 575 37th Street North.

industrial buildings

GRAHAM REPORT • 2015sale or lease 28

All offerings subject to prior sale or lease.

Kaiser Aircraft Facility

Moody Commerce Park – Preleasing

Parkside Redevelopment Opportunity

C&S Warehouse

1,800,000 SFavailable: 1,800,000 sF

1943 50th Street NorthBirmingham, AL 35212

• (10) hangars 160' wide x 725' long• 40' clear height• Adjacent to Birmingham International Airport• Direct runway access• Landlord will subdivide

available: Up to 91,000 sF Preleasing Proposed Phase FourPrepared Building Pad

I-20 Brompton @ Exit #147Moody, AL 35004

Proposed Features• 32' clear height• ESFR sprinkler• No occupational tax St. Clair County• Superb interstate access• 13,000 sf per bay• Interstate visibility

Contact:

Sonny Culp, SIOR

(205) 871-7100sonnyc@grahamcompany .com

115,911 SFavailable: 115,911 sF1200 1st Avenue SouthBirmingham, AL 35233

• One block from Regions Field and Railroad Park• 3.69 acre site • 115,911 sf facility• “Large” block• Active Parkside District

Contacts:

Jordan TubbSonny Culp, SIOR

(205) 871-7100jordant@grahamcompany .com

sonnyc@grahamcompany .com

Contacts:

Ogden Deaton, SIOR

Jack Brown, SIOR

(205) 871-7100ogdend@grahamcompany .com

jackb@grahamcompany .com

1,311,000 SFavailable: 1,311,000 sF400 Industrial LaneBirmingham, AL 35211

• Class-A concrete tilt-up on 116 acres• 31' clear height• Cross dock loading• 400,000 sf cooler/freezer• New roof 2011• Excellent condition• Located in established Industrial Park• Can be subdivided • CSX rail Contact:

Ogden Deaton, SIOR




Headquarters & Distribution Center

Jefferson Metropolitan Distribution CenterRail-Served Warehouse

Crane-Served Heavy Equipment Facility

220,000 SFavailable: 220,000 SF451 Industrial LaneBirmingham, AL 35211

• Class-A corporate office/warehouse• 32' clear height• ESFR sprinkler• 13 acres – Class-A landscaping• (320) parking spaces; concrete truck court

Contact:

Ogden Deaton, SIOR


120,120 SF Phase Twoavailable: up to 120,120 sF6600 Jefferson Metropolitan ParkwayMcCalla, AL 35111

• Monumental glass entries• 32' clear height• Cross loading• (3) air changes per hour• ESFR sprinkler• TPO membrane roof• 20,020 sf per bay

Contact:

Sonny Culp, SIOR


221,580 SFavailable: 221,580 sF3501 1st Avenue NorthBirmingham, AL 35222

• Excellent CBD location• Huge truck court & parking for CBD location• Roof (2) years old• Internal Norfolk Southern rail for (10) cars• Owner will subdivide

Contact:

Ogden Deaton, SIOR


48,675 SFavailable: 48,675 sF2490 Pinson Valley ParkwayBirmingham, AL 35217

• (11) bridge cranes• Large drive-in doors to accommodate trucks/equipment• Outside storage capabilities• 14,000 amp electrical service• Excellent visibility & access from Highway 79 – Pinson Valley Parkway

Contact:

Jack Brown, SIOR

(205) 871-7100jackb@grahamcompany .com

GRAHAM REPORT • 2015sale or lease


30

Former Southern Comfort Conversions

Calera Distribution Center

126,000 SF HQ & Distribution Facility

Office/Warehouse with Cooler/Freezer

1,032,000 SFavailable:150,000 to 1,032,000 sF4700 Pinson Valley ParkwayBirmingham, AL 35215

• 29' to 39' clear height• Class-A distribution/mfg• Huge truck court with trailer storage• Built 1995 & 1996 in excellent condition • Insulated metal construction • Below market rates

Contact:

Ogden Deaton, SIOR


Contact:

Sonny Culp, SIOR


119,700 SFavailable: 119,700 sF41 North Industrial ParkwayCalera, AL 35040

• Excellent access to I-65• No occupational tax• ESFR sprinkler• 28' clear at eave• (3) air changes per hour• 50'x 52' column spacing

126,000 SFavailable: 126,000 sF224 Oxmoor CircleHomewood, AL 35209

• City of Homewood (no Occupational Tax)• Concrete tilt-up construction• Fully sprinklered• 7 acre site

Contact:

Jack Brown, SIOR


45,000 SFavailable: 45,000 sF1000 Pine Hill RoadBirmingham, AL 35217

• Concrete tilt-up construction• Drive-in & dock high loading• New roof installed 2012• 5,000 sf freezer/cooler addition 2012• 5.7 acre site allows for outside storage or expansion

Contacts:

Jack Brown, SIOR

Ogden Deaton, SIOR


ogdend@grahamcompany .com



Former Kemps Warehouse

Lyon Lane Shelby Commerce Park

Liberty Park Development Site

170,599 SFavailable: 170,599 sF325 Finley BoulevardBirmingham, AL 35204

• 11.5 paved & fenced acres• Adjacent to BNSF Dixie hub• 5-ton overhead crane• (1) mile from I-65 & I-59

Contact:

Ogden Deaton, SIOR


192,070 SF available:12,600 to 52,360 sF240-260 Lyon LaneBirmingham, AL 35211

• 25' eave height• ESFR sprinkler• T-5 lighting• Dock high & drive-in loading• Oxmoor Industrial District

Contact:

Jordan Tubb(205) 871-7100jordant@grahamcompany .com

1,530,069 SFavailable:125,000 to 247,000 sFU .S . Highway 31, One mile off I-65Calera, AL 35040

• Concrete tilt-up• 32' clear height• 180' truck court• Built 2001, 2003, 2005, 2006• ESFR sprinkler• 146-acre Class-A bulk park• Dock high & drive-in• Cross dock loading• Trailer storage• Site available for additional 800,000 sfContact:

Ogden Deaton, SIOR


20 .38 Acresavailable: 20.38 acres

Liberty ParkwayBirmingham, AL 35242

• Interstate visibility• Excellent topography• Subdivides easily• All utilities available

Contact:

Sonny Culp, SIOR




Freestanding Office/Warehouse

32

Hardwoods, Inc.

Class A Office Building • Montgomery, ALCustom Panels Facility

17,375 SFavailable: 17,375 sF

7550 Commerce CircleTrussville, AL 35173

• Class-A office/warehouse facility• Located in City of Trussville planned industrial park• Fully sprinklered• 25' eave/30' peak ceiling heights• Built 2003, excellent condition

Contact:

Jack Brown, SIOR



180 Airview LaneAlabaster, AL 35007

• 6,000 sf Class-A office• Concrete tilt-up• 30' clear height• ESFR sprinkler• Part of Class-A industrial park• 1/2 mile from I-65• Dock high & drive-in• Built 2002-2006

Contact:

Ogden Deaton, SIOR


48,460 SF available: 48,460 sF425 Molton StreetMontgomery, AL 36104

• 2-story class A office• Built 2002• Masonry construction• On-site parking• Located in CBD of Montgomery• Easy access to I-65 & I-85• Heart of entertainment district

Contacts:

John Coleman, SIOR

Dan Lovell, SIOR, LEED AP

(205) 871-7100johnc@grahamcompany .com

danl@grahamcompany .com

54,339 SFavailable: 54,339 sF145 Thomas DriveGadsden, AL 35901

• Expandable• Great interstate access• Heavy power

Contact:

John Coleman, SIOR




Shelby Co Development Site I-65/Hwy 52

Former ARD WarehouseIrondale Distribution Center

Old Leeds Distribution Center

± 11 .08 Acresavailable: ± 11.08 AcresI-65/Highway 52Pelham, AL 35071

• Adjacent to proposed site of HealthSouth Rehabilitation Hospital• Immediately adjacent to I-65 via exit 242• B-2 General Business zoning City of Pelham• Graded site

Contacts:

Jack Brown, SIOR

Sonny Culp, SIOR


sonnyc@grahamcompany .com


3001 Interstate CircleTuscaloosa, AL 35453

• 9 acres• 1/2 mile from I-59• 24'–35' clear heights• T-5 lighting• Built 2001, addition 2006• (18) dock high doors, (2) drive-in doors• Excellent condition• 12 miles from Mercedes plant

Contact:

Ogden Deaton, SIOR


78,000 SFavailable: 12,000 to 78,000 sF2461 1st Avenue SouthIrondale, AL 35210

• 21' clear height• Concrete tilt-up construction• Dock high & drive-in loading• 180' truck court• Renovated 2012• One mile from I-20

Contact:

Ogden Deaton, SIOR



4759 Alton CourtBirmingham, AL 35211

• Secure yard• Outside storage• Excellent interstate access• (12) dock high doors, (1) grade level door

Contact:

John Coleman, SIOR




34

Distribution Center

Birmingham’s Prime Distribution LocationOffice/Warehouse with Yard

Lakeshore 150 Business Park

515,000 SFavailable: 3,750 sF & UpDistribution Drive, HomewoodBirmingham, AL 35209

• Prime location• Concrete tilt-up• 20' clear height• Dock high & drive-in loading• Expansion possibilities

Contact:

Ogden Deaton, SIOR


32,670available: 32,670 sF504 35th Street NorthBirmingham, AL 35222

• Outside storage with fenced yard• Excellent loading• Concrete tilt-up• Well located in construction supply district

Contact:

John Coleman, SIOR


8,900 SFavailable: 8,900 sF7541 Commerce CircleTrussville, AL 35173

• 8,900 sf, including 3,100 sf office• 2.1 acre site• Built 2005• 18'–24' ceiling heights• Large fenced yard• (5) grade level loading doors

Contact:

Jordan Tubb(205) 871-7100jordant@grahamcompany .com

120 Acresavailable:1 to 20 acre parcels

Lakeshore Parkway & Highway 150Bessemer, AL 35022

• Pad ready sites, various sizes• All utilities available• Business Park environment• Growth corridor• Great access & visibility• Protective covenants

Contact:

John Coleman, SIOR


GRAHAM REPORT • 2015graham activities 2014 35

3000 3rd Avenue South: 10,750 sf .Masonry facility located in Architectural/Design Districtpurchased by local investor. Birmingham, ALAgent: Jack Brown, sior

VA Site Assemblage: Block 229, 3 .68 acres .Sale of entire city block for new $60 million, 60,000 sf VA Clinic &2,300 space parking deck to support hospital.University Boulevard & 24th Street, Birmingham, ALAgent: Sonny Culp, sior

Shelby Commerce Park: 263,000 sf .Long-term lease to PRADCO to consolidate shipping operationsfor multiple outdoor hunting & fishing brands.3280 Highway 31 South, Calera, ALAgent: Sonny Culp, sior

Hygia – 432 Industrial Lane: 47,000 sf .Long-term lease of flex space to Hygia Health Services for itsBirmingham operations. Birmingham, ALAgent: Jordan Tubb

SOLD

SOLD

201 Sunbelt Parkway: 62,808 sf on 10 acres .Freestanding Class-A office/warehouse facility sold to InfinityInsurance. Oxmoor Valley-Unincorporated, Birmingham, ALAgent: Sonny Culp, sior • Co-Agent: Corporate Realty

LEASED

LEASED SOLD

C&S Corporate Office: 120,000 sf .Former Bruno’s Corporate Office.490 Industrial Drive, Birmingham, ALAgent: Ogden Deaton, sior

37 West Park Circle: 15,251 sf .Purchased by 1-800-Radiator for regional distribution.37 West Park Circle, Birmingham, ALAgent: Jordan Tubb

SOLD SOLD

ABC Supply: 74,657 sf .Masonry/metal construction acquired by Wisconsin based RE Investment group for long-term lease to ABC Supply.575 37th Street North, Birmingham, ALAgent: Jack Brown, sior • Co-Agent: Red Mountain Realty

SOLD

SKF Build-to-Suit: 31,200 sf .Investment sale of build-to-suit facility leased to SKF USA.Moody Commerce Park, Moody, ALAgent: Sonny Culp, sior • Co-Agent: Cassidy Turley

INVESTMENT SALE


130 Citation Court: 7,000 sf .Sale of former Henry Tyler Construction facility.130 Citation, Birmingham, ALAgents: Jordan Tubb & Sonny Culp, sior

Westport Distribution Center: 843,000 sf .Class-A distribution center located in Montgomery, AL.4919 Westport Boulevard, Montgomery, ALAgents: John Coleman, sior, Sonny Culp, sior &Ogden Deaton, sior

graham activities 2014 36

SOLD

Plantation Patterns: 247,000 sf .Long-term lease for Southeast Distribution Center.Shelby Commerce Park, Calera, ALAgent: Ogden Deaton, sior • Co-Agent: Sonny Culp, sior

Durawear – Alton Road: 30,000 sf .Three buildings including 10-ton crane served facility, 10,000 sf office building and 7,500 sf truck/equipment facility.2698 Alton Road, Birmingham, ALAgent: Jack Brown, sior

SOLD

Bridgestone/Firestone • 77,000 sf .Investment sale – Bridgestone/Firestone tenant.3340 Vanderbilt Road/Highway 79, Birmingham, ALAgent: Ogden Deaton, sior • Co-Agent: John Coleman, sior

SOLD

INVESTMENT SALE

LEASED

150 Business Center Drive: 13,500 sf . Freestanding office/warehouse purchased by Oregon basedHydra-Power Systems for its southeastern operations.150 Business Center Drive, Pelham ALAgents: Jordan Tubb & Ogden Deaton, sior

SOLD

Innovative Services – Pelham: 20,000 sf .Manufacturing facility well located in Pelham, AL.118 Little Valley Court, Hoover, ALAgents: Jack Brown, sior & John Coleman, sior

SOLD

105 25th Street South: 37,624 sf .Former BookSmart facility sold to Diversified Label Images for headquarters. 105 25th Street South, Irondale, ALAgent: Sonny Culp, sior • Co-Agent: JH Berry & Gilbert

ThyssenKrupp: 100,000 sf .Build-to-suit state of the art crane & rail served steel processingwarehouse. Bibb County Industrial Park, ALAgent: Ogden Deaton, sior

BUILD-TO-SUIT SOLD

GRAHAM REPORT • 2015 37graham team

Sonny Culp, SIOR

John Hagefstration


Sharon Cumens

Ogden S. Deaton, SIOR

Julie Hubbard

Janis Hagen

Betsy Lumpkin

Courtney DeShazo Robin Domit

DeMarcus Bloxom

Rick Mason

David Thomas

Janice Ivy

Janie McDaniel Mary Carol McDanielJane McGriff Curren MelgarejoChristie Neely Ashley Neil

Jordan W. Tubb

Carl Finch

Matt Gilchrist

Jerry L. Grant, CCIM

Jack Brown, SIOR

F. Craig Jackson

Maria GoldschmidtWalter Brown, SIOR

Stacey R. Wadsworth

Henry V. Graham IIMike Graham, CPM, SIOR

Sam J. Carroll IV, SIOR

Michael A. Lawley, CCIMSteve Graham, MAI, CRE

Eleanor Caver

Gardner Lee, CPM, SIOR

Susan Plate

Sam Warbington Jamarcus Williams

John Coleman, SIOR Charlie Crane

Jebb Long

Matt Rowan Brad SandidgeHayden L. Scott, MAI

Mike GrizzellBeth Gresham

Joelle Rogers

Graham & Company Graham Commercial Properties


PRINCIPALS

Steve Graham, MAI, CRE

Mike Graham, CPM, SIOR

COMMERCIAL/INDUSTRIAL GROUP

Jack Brown, SIOR

John Coleman, SIOR

Sonny Culp, SIOR

Ogden S. Deaton, SIOR

Jordan W. Tubb

Robin Domit – Real Estate Asst.

Courtney DeShazo – Asst.

Joelle Rogers – Asst.

CORPORATE SERVICES

Michael A. Lawley, CCIM

PRESIDENT

Gardner Lee, CPM, SIOR

EXECUTIVE VICE PRESIDENT

John Hagefstration

CHIEF FINANCIAL OFFICER

Brad Sandidge

BUSINESS DEVELOPMENT

Henry V. Graham II

HUMAN RESOURCES

Janis Hagen

RECEPTIONIST

Susan Plate

OFFICE GROUP


– Director

Walter Brown, SIOR

Sam J. Carroll IV, SIOR

Jerry L. Grant, CCIM

Matt Gilchrist

Christie Neely – Real Estate Asst.

Janie McDaniel – Marketing Asst.

COMMERCIAL APPRAISALS

Hayden L. Scott, MAI

– Director, Valuation Group

Matt Rowan – Appraiser Trainee

PROPERTY MANAGEMENT

Stacey R. Wadsworth – Director

Eleanor Caver

Beth Gresham

F. Craig Jackson

Sam Warbington, CSM

Sharon Cumens

– Property & Lease Admin.

Mary Carol McDaniel – Asst.

INFORMATION TECHNOLOGY

Jebb Long

– Chief Technology Officer

Mike Grizzell – IT Manager

MARKETING MEDIACOORDINATOR

Julie Hubbard

GRAPHIC DESIGN

Jane McGriff

HUNTSVILLE OFFICEMANAGING BROKER

Bart Smith, CCIM, SIOR

JACKSONVILLE OFFICEMANAGING BROKER

Peter Crolius, SIOR

GULF COAST OFFICE

Jason Carnes

Kevin Williams, CCIM

ACCOUNTING

Maria Goldschmidt – VP Finance/Controller

Betsy Lumpkin – Manager

Charlie Crane

Curren Melgarejo

Janice Ivy – Asst.

Ashley Neil – Asst.

FACILITIES

DeMarcus Bloxom

Carl Finch III

Rick Mason

David Thomas

Jamarcus Williams

INDIVIDUALMEMBERSHIPS

INDIVIDUALMEMBERSHIPS

A B O U T G R A H A M & C O M P A N Y

Founded in 1978, Graham & Company is a full-service com-

mercial real estate firm based in Birmingham. With offices in

Birmingham and Huntsville, Alabama and Jacksonville and the

Gulf Coast, Florida, the company offers professional services

including sales, leasing, property management, appraisal,

consulting, investment and development. In response to

client demand, Graham has systematically extended its

range of services and geographic reach, now serving clients

throughout Alabama and several surrounding states.

C O M M U N I T Y I N V O LV E M E N T

Part of making Birmingham a better place to work in-

cludes teaching the next generation about commercial

real estate. Graham & Company annually sponsors a com-

munity service program known as LEAD (Leadership, Ex-

perience, Attitude, Determination). Through this program,

we hire inner-city students from local high schools to

spend a summer gaining experience and developing work

skills in the commercial real estate industry. Also, Graham

& Company employees volunteer their time and energy

in support of a variety of community and social causes.

A F F I L I AT I O N S

• Appraisal Institute

• BOMA–Building Owners and Managers Association

• CCIM–Certified Commercial Investment Member

• CRE–Counselors of Real Estate

• ICSC–International Council of Shopping Centers

• IREM–Institute of Real Estate Management

• LEED–Leadership in Energy and Environmental Design

• NAIOP–Commercial Real Estate Development Association

• SIOR–Society of Industrial & Office Realtors

MEASURE US BY OUR ACTIONS

GRAHAM COMMERCIAL PROPERTIES • BIRMINGHAM

gcprei .com

GRAHAM & COMPANY • BIRMINGHAM

grahamcompany .com

MEASURE US BY OUR ACTIONS

110 Office Park Drive, Suite 200Birmingham, AL 35223

TEL 205.871.7100FAX 205.871.3331

grahamcompany.com

BIRMINGHAM HUNTSVILLE JACKSONVILLE GULF COAST

355 Quality Circle

Suite E

Huntsville, AL 35806

TEL 256.382.9010

H U N T S V I L L E

550 Water Street

Suite 1225

Jacksonville, FL 32202

TEL 904.281.0003

J A C K S O N V I L L E

100 Richard Jackson Blvd.

Suite 115

Panama City Beach, FL 32407

TEL 850.563.1500

G U L F C O A S T

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