Harbert Realty Services: Success Stories

Harbert Realty Services selects two new locations for Indigo Joe’s Sports Pub & Restaurant

Wed, 13 Aug 2008 00:00:00 GMT

Harbert Realty Services Restaurant Group represents Indigo Joe’s Sports Pub & Restaurant, and has just placed them in two new locations. The new Largo, Florida, at the East Bay Junction Shopping Center, is 5,700 square feet and is a structured takeover of a former unit of Lee Roy Selmon’s, a native Florida restaurant. A second location, in Ohio County (Wheeling), West Virginia, will be located in “The Highlands“ retail development, which is anchored by Cabela’s, a hunting, fishing and outdoor gear store. This location will be approximately 5,000 square feet upon completion. The restaurants plan to open their doors in late fall, 2008. Parrish Taylor, of Harbert’s Restaurant Group, was responsible for these transactions, and represents Indigo Joe’s in its site selection around the country. He believed the Largo unit was an opportunity to place his client into an existing restaurant space with highly favorable lease terms. The West Virginia unit was not only as an opportunity to expand the Indigo Joe’s concept and brand to a new state, but also positioned them into a large, regional, retail development offering high traffic volumes and strong visibility.

Harbert Realty Services’, Harry Lynch speaks at Dedication of Restored 20th Street Underpass

Thu, 26 Jun 2008 00:00:00 GMT

A group of downtown supporters gathered this morning, June 24, as the newly restored underpass at the corner of 20th Street and Morris Avenue was dedicated. The underpass was completed in 1931 to elevate the railroad tracks, alleviating traffic congestion problems caused by passenger and rail traffic. Over the years the underpass fell into disrepair as it became filled with trash, graffiti and peeling paint.

The 20th Street Property Owners Association saw a dire need for this once frequented path to be restored. Fox DeFuniak of Superior Bank and Harry Lynch of HRS, were a few that appeared at the ceremony representing the Association. Fox and Harry played a large role in asking for assistance from the Mayor’s office to take on this project as they work on either side of the underpass and recognize the value the restoration would bring to downtown professionals and residents alike.

Mayor Langford spoke about the changes he hopes to implement in downtown Birmingham and wants to tear down the eye soars and renovate what he can save. Mr. DeFuniak talked about receiving a few letters applauding the restoration as it has brought beauty back to another part of Birmingham’s history. Mr. Lynch commented how just the simple job of painting and cleaning it up, helped retain the Compass Bank business offices downtown, as they have signed a lease in the 2 North 20th Building. Harry stated that the underpass is a pathway their employees will use to access parking, now that it is clean and lighting has been restored, a sense of security has been re-established.

View article in the Birmingham Business Journal:
http://birmingham.bizjournals.com/birmingham/stories/2008/06/23/daily17.html?b=1214280000^1659030&surround=etf

HRS Presents at The Wine Loft Wine Bar Conference in Sonoma Valley, CA

Thu, 12 Jun 2008 00:00:00 GMT

Stutts Everette, vice president with Harbert Realty Services, Corporate Services Group and the National Real Estate Director for The Wine Loft Wine Bar attended their national conference in May. The conference was held in Sonoma Valley, California and included about eighty-five attendees including corporate ownership and their franchisees.

Mr. Everette presented on issues and strategies to address the impact the recession has had on the food and beverage industry and how to take advantage of potential store growth during this time. Highlighted in his discussions were establishing a plan to identify current Tenancies misfortunes and how to capitalize on better development positions.

“The Wine Loft“ , is an upscale wine bar with a warm, inviting environment specializing in fine wines and sophisticated cuisine. The Wine Loft anticipates the opening of twenty new stores by the end of 2008 from California to Virginia. There are over ninety franchises sold to date with Stutts representing nationally corporate stores and franchisees alike.

Harbert Realty Services Wins Deal Award

Fri, 28 Mar 2008 00:00:00 GMT

It was announced today that Harbert Realty Services, Inc. is the recipient of the Number One Real Estate Deal of 2007 at the Deals of the Year Awards given out by the Birmingham Business Journal as determined by a panel of local real estate executives and brokers.

Harbert took home the Number One Deal award for both its purchase and conversion of the Regions Plaza building in downtown Birmingham and planned conversion of the 17-story, 190,000 square foot building to a 4-star Marriott Renaissance hotel and also for Harbert Management Corporation’s move of their headquarters to downtown Birmingham at the Concord Center building.

Harbert Continues Providing Solutions for Clients

Thu, 07 Apr 2005 00:00:00 GMT

Free parking lures law firm into high-rise

A law firm’s decision to leave the Frank Nelson Building after 30 years of residency came down to three things: Convenience, Space and Parking.

The latter was the No. 1 factor that drove the decision, says Pam Boyles, CFO at Clark James Hanlin & Hunt LLC.

“Thoughts of moving began when the parking authority went up again on its rates and had plans to continue going up,” she says. “In the past three years it had risen from $40 to $75 per person."

For a 50-person company that pays employees’ parking, the price tag had risen to nearly $50,000 annually.

In a deal brokered by Tanner Sumners of Harbert Realty Services, the law firm has taken an entire floor in the prestigious Two North Twentieth building, where ample parking was part of the deal. Boyles says a parking deck is attached to the building, and provides ample parking for employees and clients.

Because the law firm specializes in Social Security and disability law, many of its clients have trouble getting around and will benefit from the proximity of parking spaces as well as a private elevator from the lobby.

The firm gained over 2,000 square feet of space in the high-rise, where it now occupies in excess of 11,600 feet.