Harbert Realty Services News

Harbert’s Lynch appointed chairman of CORE

Thu, 30 Oct 2003 00:00:00 +0000

Harbert Realty Services president and CEO Harry Lynch has been appointed chairman of the board of directors for The CORE Network. He previously served as vice-chairman.

With more than 70 member companies, The CORE Network is a group of commercial real estate companies that are hand-selected to provide commercial real estate services to national clients. With an international geographic reach and a full line of service capabilities, The CORE Network ranks among the largest commercial real estate providers in the industry.

With leasing transactions in 2002 totaling in excess of $16.7 billion and more than 192 million square feet of space under management, The CORE Network, based in Dallas, was ranked No. 6 among the top 25 brokerages in the nation by publication National Real Estate Investor.

“With Harbert Realty Services’ main concentration on national corporate services and exclusive tenant representation, our long-standing membership in The CORE Network strengthens our ability to parlay our Southeast regional expertise into a complete national platform,” Lynch said in a press statement.

Birmingham-based Harbert Realty Services operates commercial real estate offices in Alabama, Texas, Florida, Tennessee, Virginia and New York, and it also maintains a strong European presence.

Harbert Realty Services Completed Two Medical Leases Totaling 34,000

Thu, 19 Dec 2002 00:00:00 +0000

Harbert Realty Services’ Tampa office has successfully subleased two 16,200 square foot medical buildings in the Tampa & Brandon markets. Senior Account Manager Brad Frank negotiated five-year lease terms for both buildings.

The Brandon medical space was subleased to MacDill Air Force Base and will be used as an outpatient medical clinic for service personnel and their families. The Tampa medical building, located across the street from the University of South Florida, was subleased to Team Health, Inc. and will be used as an imaging and diagnostic clinic.

Harbert’s Corporate Services Group is a commercial real estate service provider, advisor, and partner offering a broad range of transaction and advisory services to companies with real estate operating units throughout the Eastern United States. The Corporate Services Group functions as an extension of each client’s own staff by becoming an outsourced real estate department; delivering efficient real estate services to operational people in the field.

Harbert Completes Purchase of 8.95 Acres for HealthSouth Corp in Spring Hill, Florida (Future 60-Bed Rehabilitation Hospital)

Wed, 05 Dec 2001 00:00:00 +0000

Harbert Realty Services completed the purchase of 8.95 acres, part of a 26.42 acre tract, in Spring Hill, Florida. Eric Massey and Bob Sulte of HRS, represented the HealthSouth Corporation in the purchase of the future site for a 60,000 SF, 60-bed rehabilitation hospital.

The site is on the south side of S.R. 50, approximately 1/2 mile west of Mariner Boulevard. For more information, please contact Eric Massey in Harbert’s Corporate Office in Birmingham at 205-323-2020.

AmSouth Bank Renews 38,000 SF Lease in Downtown Orlando

Fri, 07 Feb 2003 00:00:00 +0000

AmSouth Bank has recently renewed its lease for approximately 38,000 square feet in the building in downtown Orlando that bears its name.

”AmSouth Bank has occupied space in this downtown location since 1998 and their current lease will include space on four of the 20 floors,” said Lou Payas, leasing director for USAA Realty. The building is located at 111 N. Orange Avenue in downtown Orlando. Payas represents the landlord, USAA Institutional Real Estate Equities, LP. AmSouth Bank was represented by Wendy Krepak with Harbert Space Realty Services.

AmSouth Bank Center is a 20-story, class A building providing approximately 250,000 square feet of space in addition to an adjacent 5-level parking garage. The building is a landmark in the downtown Orlando market and is within walking distance of most city, state and federal buildings in addition to the downtown’s fine restaurants, shopping and entertainment establishments.

USAA Realty Company, headquartered in Arlington, Va., is a subsidiary of USAA, a worldwide financial services company based in San Antonio, Texas. From its 14 nationwide offices, USAA Realty provides fully integrated commercial real estate services to its corporate and institutional clients.

USAA has been serving military families since 1922 and has become one of America’s leading financial services companies. The association, well known for its exceptional service, offers its 4.9 million members a comprehensive range of insurance, banking and investment products and services designed to help them meet their financial needs. Headquartered in San Antonio with offices throughout the United States and Europe, USAA owns or manages assets of more than $65 billion.

Harbert Realty Services, Inc is developing and pre-leasing the Shops at Market Square

Mon, 27 Jun 2005 00:01:00 +0000

HRS, Ft. Myers, FL Development Harbert Realty Services, Inc is developing and pre-leasing the Shops at Market Square, a 9,000 sq. ft center located at the Daniels Parkway and Highway 41 in Ft. Myers, Florida. The center is shadow anchored by Target. Opening is slated for Fall 2005. Area demographics include a population of 56,085 within a 3-mile ring earning $57,151 as average household income. The site enjoys average daily traffic counts of 46,000 VPD. For additional information, contact Eric Massey at Harbert Realty Services Corporate office

Harbert Realty Services “scoops” up Ben & Jerry’s

Thu, 30 Jun 2005 00:01:00 +0000

Harbert Realty Services has been retained by a South East Ben & Jerry’s franchisee as tenant representation searching for locations in central Florida. HRS is proud to represent Ben & Jerry’s and supports their corporate mission to make, distribute & sell the finest quality all natural ice cream & euphoric concoctions with a continued commitment to incorporating wholesome, natural ingredients and promoting business practices that respect the Earth and the Environment.

Harbert Realty Services Invests in Security for Clients

Wed, 06 Jul 2005 00:01:00 +0000

Harbert Realty Services has selected Data Protection Services LLC (DPS) to provide data backup, electronic vaulting and security for all electronic client data records and files. DPS is a leader in providing secure remote data backup services and in remote backup and electronic vaulting solutions.

DPS uses cutting edge remote backup technology to provide an E-vaulting solution for remote backup and data storage that meets the regulations set forth in HIPAA, Sarbanes-Oxley, Graham-Leach-Blilley Acts and also complies with Securities Exchange Commission/National Association of Securities Dealers (SEC/NASD) regulations. Because electronic vaulting enables the data to be encrypted and transmitted to secure off-site remote data vaults automatically, DPS secure internet backup solution is uniquely suited to meeting compliance requirements of Harbert Realty Services and their clients.

DPS’s services compliment Harbert Realty Services Disaster Recovery Plans. Whether the disaster is fire, earthquake, hurricane, or technology related failures, Harbert will be able to restore data immediately from DPS’s secure data vaults. Harbert with DPS will now be utilizing automatic online backup procedures and electronic vaulting to encrypt data to redundant fail-safe systems, protect the data, and restricted access to authenticated users. Data stored in the remote electronic vaults can be recovered 24x7x365 and the data can be preserved for an indefinite period. All records are preserved in accordance with GLB requirements.

HRS Completes/Sells Ft. Meyers, FL Development Project

Tue, 11 Jul 2006 00:01:00 +0000

Birmingham, AL - Birmingham-based Harbert Realty Services, Inc has successfully completed development and sold the Shops at Market Square in Ft. Myers, Florida. Despite such obstacles as hurricanes in 2005, this was a successful project for HRS and marks their re-entry into the national real estate development business.

The property is 100% leased and was completed in April 2006. Shops at Market Square is a shadow center to the Super Target anchored Market Square Shopping center. Purchased by Chicago, IL based RFLP Investment Firm; the 9,247 square foot retail center is anchored by a Starbucks Coffee and includes four other upscale tenants.

With offices nationwide, and a geographic development focus on the South-East, Harbert Realty Services, Inc. is one of the largest privately held, full service commercial real estate firms in the country.

HRS offers clients expertise in a full range of commercial real estate services honed over 50 years of property ownership, development and management. Their mix of experience, resources and global reach allows them to offer clients one of the most comprehensive arrays of customized services in the commercial real estate market.

For more information, please visit www.harbertrealty.com email info@harbertrealty.com or call (866) HRS-1281.

Piccadilly Selects Harbert

Thu, 18 Jan 2007 00:01:00 +0000

Piccadilly Restaurants has selected Harbert Realty Services to provide Lease Administration and Lease Accounting Services for their portfolio. Piccadilly Restaurants is a Baton Rouge based company that owns and operates 130 cafeteria style restaurants throughout the southeast and has been in business since 1944.

"The out-sourcing of lease administration and accounting services will represent a tremendous cost savings opportunity for Piccadilly ", says Holly Brown, Vice President of Client Information Services for Harbert, “ at the same time our client will get more flexibility, efficiency and expertise in the servicing and management of their portfolio information.”

Harbert Opens Atlanta Office

Thu, 18 Jan 2007 00:01:00 +0000

Harbert Realty Services, Inc. announced today that it has opened an Atlanta, Georgia office to manage its expanding business in the Southeast. Harbert named George L. McKenney as Senior Vice President of the region. McKenney will oversee existing accounts and expansion of Brokerage and Corporate Real Estate Services for the Atlanta and the region which includes the Carolinas and Virginia. David Williams, Chief Operating Officer of Harbert Realty Services noted “having an Atlanta operation is strategic for us as it allows us to effectively serve our client’s needs in Georgia and the Carolinas and provides the logistical platform to expand our business throughout the region.�

Harbert Breaks Ground on Altamonte City Center

Mon, 30 Apr 2007 00:01:00 +0000

Harbert Realty Services has broken ground Altamonte City Center in Altamonte Springs, Florida. The multi-use project contains an existing 2-story 18,000 sf office building that is being re-positioned combined with a new 4500 sf high-end retail center and a new Regions Bank branch. The project is located on State Route 436 in the center of Altamonte Springs. The development is adjacent to the Altamonte City Administrative and Municipal offices and in close proximity to Florida Hospital. David Williams, Harbert Realty Services‘, COO “ Altamonte City Center is great example of an overlooked and underserved market where Harbert was able to quickly add value through a unique development strategy and an expert development and leasing team.”

Regions Plaza Slated to Become Luxury-Class Hotel

Tue, 01 May 2007 00:01:00 +0000

REGIONS PLAZA SLATED TO BECOME LUXURY-CLASS HOTEL

REGIONS, HARBERT REALTY, CONCORD HOSPITALITY ANNOUNCE 4-DIAMOND PROPERTY TO ENHANCE BIRMINGHAM’S APPEAL AS CONVENTION, BUSINESS DESTINATION

Birmingham, Ala. - A partnership between Birmingham’s Harbert Realty Services and Raleigh, North Carolina-based Concord Hospitality Enterprises, in cooperation with Regions Financial Corp. (RF), has announced plans to convert the 17-story Regions Plaza at 5th Avenue North and 20th Street in downtown Birmingham into a $50 million 4-Diamond hotel. The 255-room property will set a new standard for luxury accommodations in the City Center, create new tax revenues and jobs for Birmingham and increase the city’s attraction as a business center and convention destination.

The facility will be a full-service hotel that provides guests with the ambiance of a boutique hotel unmatched in downtown Birmingham. Signature features will include its high, unique interior design, conference and banquet facilities, a full-service restaurant and bar, a coffee shop, a fitness center and pool, concierge services, valet and self parking facilities, and a business center. Concord Harbert Birmingham Hotel, LLC, the formal name of the hotel partnership, values the project at more than $50 million. Concord Harbert has selected Birmingham-based Hoar Construction Company, LLC as general contractors and the Birmingham office of Goodwyn, Mills and Cawood as its architect firm for the new hotel. Concord Harbert officials have taken their plans for the Regions Plaza property to Birmingham city officials and have begun discussions to help expedite the project.

Currently, Regions Plaza houses some 400 Regions Bank employees who will move into the much larger, 30-story Regions Center later this year. Once unoccupied, the current Regions Plaza property will be completely renovated inside and out, Concord Harbert officials estimate that construction will begin in 2008.

Regions President and CEO Dowd Ritter said his company is delighted to see this investment in Regions Plaza. “A hotel of this caliber, with banquet and meeting facilities, is a win-win for the city and businesses that call downtown home. We are pleased that we could be part of such a terrific, new economic generator for our city,” Ritter said.

Harbert Realty Services President and CEO Harry M. Lynch said the hotel presents a tremendous economic opportunity to the City Center. “We truly believe this is a great day for Birmingham. Our city has needed a 4-diamond hotel of this magnitude and splendor in the central business district for a long time,” he said. “We believe that this hotel will ultimately lift the value of other smaller existing hotel properties in helping form a critical mass of accommodation space for business and economic development purposes in the city of Birmingham,” Lynch said. “We need the support of the city, and we hope to make this project a reality."

Harbert’s partner in the investment is Raleigh-based Concord Hospitality Enterprises, owner and operator of some 50 North American hotel properties including brands such as Renaissance and Marriott. “We are delighted to be teaming up with Birmingham’s Harbert Realty to make these plans come to life,” said Concord President and CEO Mark G. Laport. “We have done our homework on Birmingham. We believe in its potential and in the capability of this new hotel to bring a new dynamic to the city’s attractiveness as a business and convention destination as well as to the overall local quality of life. We are committed to seeing this hotel become a reality and look forward to working with local governmental and business leaders on this monumental project in the days ahead."

About Harbert Realty Services, Inc.

Harbert Realty Services is one of the largest privately held, full service commercial real estate firms in Alabama. Headquartered in Birmingham, the company offers clients expertise in a full range of commercial real estate services honed over 50 years of property ownership, development and management across the state and in Florida. Harbert Realty Services is a majority owned subsidiary of Harbert Management Corporation. Harbert Realty’s mix of experience, resources and global reach allows it to offer clients one of the most comprehensive arrays of customized services in the commercial real estate market. For more information, visit www.harbertrealty.com.

About Concord Hospitality Enterprises Company

Concord Hospitality Enterprises Company, based in Raleigh, North Carolina, was established in 1985 to acquire and develop hotel properties and to provide experienced hotel management to both full-service and limited-service properties. Consistently winning top industry awards, Concord operates 49 hotels with 6,098 rooms in 11 states and in Canada, with combined annual revenues of over $200 million. In addition, Concord currently has 12 hotel projects (with a cumulative 1,577 rooms) valued at more than $212 million under development. The company employs more than 2,700 associates. Its hotel brands include the following: Renaissance and Marriott hotels, Residence Inn, SpringHill Suites, Fairfield Inn and Suites, Fairfield Inn, Hilton Garden Inn, Holiday Inn, MainStay Suites and Radisson. The Company also operates a four-star independent hotel. More information is available at www.concordhotels.com.

About Regions

Regions Financial Corporation is a member of the S&P 100 Index and Forbes Magazine’s “Platinum 400“ list of America’s best big companies. With nearly $140 billion in assets, Regions is one of the nation’s largest full-service providers of consumer and commercial banking, trust, securities brokerage, mortgage and insurance products and services. Regions serves customers in 16 states across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates some 2,000 AmSouth and Regions banking offices and over 2,400 ATM’s. Its investment and securities brokerage, trust and asset management division, Morgan Keegan & Company Inc., provides services from over 400 offices. Additional information about Regions and its full line of products and services can be found at www.regions.com

Harbert Realty Announces Regions Plaza Hotel

Tue, 31 Jul 2007 00:01:00 +0000

HARBERT REALTY ANNOUNCES REGIONS PLAZA HOTEL WILL BE LUXURY MARRIOTT RENAISSANCE

CONSTRUCTION TO BEGIN IN 2008

Birmingham, Ala. - Birmingham’s Harbert Realty Services announced today that the conversion of the 17-story Regions Plaza at 5th Avenue North and 20th Street in downtown Birmingham will be a 4-Diamond Hotel by Marriott Renaissance. Plans for the 255-room facility were announced in April and will set a new standard for luxury accommodations in the City Center, create new tax revenues and jobs for Birmingham as well as increase the city’s attraction as a business center and convention destination.

Harbert’s partner in the investment is Raleigh-based Concord Hospitality Enterprises, owner and operator of some 50 North American hotel properties. “Throughout the world, Marriott Renaissance hotel room working spaces, provide essentials for traveling business professionals,” said Concord President and CEO Mark G. Laport. “Together with Harbert Realty Services we will begin recruiting and training crisp, attentive, respectful service associates from the Birmingham area to work in the new facility. The capabilities of this new hotel will bring a new dynamic to the city and will impact the overall local quality of life for residents."

Concord Harbert Birmingham Hotel, LLC, the formal name of the hotel partnership, values the project at more than $50 million. Concord Harbert has selected Birmingham-based Hoar Construction Company, LLC as general contractors and the Birmingham office of Goodwyn, Mills and Cawood as its engineering firm for the new hotel.

The project will create a total of 135 new permanent jobs in downtown Birmingham and 300 construction jobs during the conversion/construction phase of the project. The hotel will have a permanent annual payroll of $2.8 million benefiting the local economy.

Harbert Realty Services President and CEO Harry M. Lynch said the announcement of the Marriott Renaissance brand was exactly the quality-tier, full-service hotel that Harbert was determined to build. “This hotel will provide comfort, warmth, and quality in a stylish and sophisticated ambience to all guests,” Lynch said. “Signature features of the hotel will include high, unique interior design, conference and banquet facilities, a full-service restaurant and bar, a coffee shop, a fitness center and pool, concierge services, valet and self parking facilities, and a business center."

Construction on Birmingham’s City Center Marriott Renaissance is slated to begin in 2008.

About Harbert Realty Services, Inc.

About Concord Hospitality Enterprises Company

New Marriott Renaissance Hotel Will Bring Starbucks

Wed, 10 Oct 2007 00:01:00 +0000

Business Professionals and Hotel Visitors to Enjoy Convenient Location

Birmingham, Ala. - Harbert Realty Services and Concord Hospitality proudly announce that Birmingham’s new Marriott Renaissance Hotel being built in the City Center at Fifth Avenue North and 20th Street, will also be home to a brand-new Starbucks Coffee location.

The Starbucks store will offer both hotel guests and the local community fast and convenient access to their favorite beverages as well as sandwiches, salads and pastries. Starbucks’ entire beverage menu, including espresso based drinks, brewed coffees, and Frappuccino® blended beverages, will be available.

Souvenir coffee mugs, glassware, and bags of freshly roasted Starbucks® whole bean coffee will also be on hand for purchase.

"Starbucks is an exceptional brand and we are proud to have it as the newest addition to our 4-Star hotel project,” said Harbert Realty Services President and CEO Harry M. Lynch. “The chain appeals to the demographic targeted by our hotel and to the Birmingham business community in general."

About Harbert Realty Services, Inc.

Harbert Realty Services is one of the largest privately held, full service commercial real estate firms in Alabama. Headquartered in Birmingham, the company offers clients expertise in a full range of commercial real estate services honed over 50 years of property ownership, development and management across the state and in Florida. As a majority owned subsidiary of Harbert Management Corporation, Harbert Realty’s mix of experience, resources and global reach allows it to offer clients one of the most comprehensive arrays of customized services in the commercial real estate market. For more information, visit www.harbertrealty.com

About Concord Hospitality Enterprises Company

Concord Hospitality Enterprises Company, based in Raleigh, North Carolina, was established in 1985 to acquire and develop hotel properties and to provide experienced hotel management to both full-service and limited-service properties. Consistently winning top industry awards, Concord operates 51 hotels with over 6,000 rooms in 11 states and in Canada, with combined annual revenues of over $200 million. In addition, Concord currently has 12 hotel projects (with a cumulative 1,577 rooms) valued at more than $212 million under development. The company employs more than 2,700 associates. Its hotel brands include the following: Renaissance and Marriott hotels, Residence Inn, SpringHill Suites, Fairfield Inn and Suites, Fairfield Inn, Hilton Garden Inn, Holiday Inn, MainStay Suites and Radisson. The Company also operates a four-star independent hotel. More information is available at www.concordhotels.com

City’s Harbert Realty trades downtown office buildings

Tue, 16 Oct 2007 00:01:00 +0000

Harbert Realty Services Inc. plans to move from its home of 18 years at the Regions Harbert Plaza to 2 North 20th a building it has been responsible for leasing since it reopened in 1999

Harry M. Lynch, president and CEO of Harbert, said the building’s majority tenant Regions Financial Corporation will take the 10,000 square feet vacated by Harbert./p>

Harbert’s move and the impending relocation of its parent company Harbert Management Corp. to the Concord Center, as well as the prospects of a new hotel and several other companies expanding and relocating has boosted downtown’s occupancy rate toward 90 percent, something that submarket hasn’t seen in many years.

Harbert Realty will spend an undetermined sum to outfit the entire 17th floor of 2 North 20th, which is more than 11,000 square feet, for its 30 employees, Lynch said. That makes the building more than 80 percent occupied.

Lynch said the realty company will make an aggressive push to finish and move the office before Christmas.

The company had considered moving with its parent Harbert Management to the Concord Center, on the corner of Richard Arrington Boulevard and Third Avenue North, but there wasn’t enough room available, he said.

Harbert Management this week received incentives from the city of Birmingham to relocate its office from its 65-acre campus in Riverchase to downtown.

The company plans to spend about $6.5 million to finish out nearly 65,000 square feet of space at Concord, which was never built out since its construction in 2001, and to fill the 152,000square-foot building to capacity. As of press time, no lease had been signed.

Back at Regions Harbert Plaza, with Regions taking up roughly one-third of the building, law firms Balch & Bingham LLP and Maynard Cooper & Gale PC both recently renewed their leases and expanded space to help fully occupy that building.

Other tenants at Regions Harbert include PricewaterhouseCoopers, Ernst &Young and The Summit Club. Regions owns and fully occupies the adjacent Regions Center, formerly the Sonat Building.

Harbert Realty will join such companies as Volkert & Associates, Inc., HKW Associates and Mass Mutual Financial Group in 2 North 20th."

The flurry of downtown activity comes immediately before and after Harbert Realty announced its plans this spring to build a luxury hotel in the former Regions headquarters on 20th Street.

With Concord Hospitality Enterprises Co, Harbert plans to develop a $52 million, 255-bed Marriott Renaissance hotel after Regions vacates the building.

Lynch said Harbert and Regions have had a “dry closing“ on the building, which means the title will be held in escrow until Regions moves out in 2008, at which time plans should be finalized and construction would begin.

Lynch said the company is currently studying the options and economic feasibility of including adjacent property, which includes several older buildings and a parking lot, into the hotel development.

Without the new hotel, downtown Birmingham would have an empty 240,000-square-foot office building to fill up, driving occupancy rates even lower.

”The hotel has certainly taken that building off the market, which would have come back to be vacant,” said Dean Nix, vice president at Harbert Realty. “It sure has generated a lot of buzz. It’s a positive thing and I think it’s needed."

And while higher occupancy is great for downtown, rents will likely rise.

”Rents going up is a consideration,” said Sam Carroll, vice president of Graham & Co. Inc’s office group and the leasing agent for Concord Center. “It’s a direct reflection of occupancy going up. Those usually go hand-in-hand."

With few large blocks of space left in downtown - with the exception of the Wachovia Tower’s more than 180,000 square feet available - what’s left to fill up are smaller office spaces and buildings.

But for now, cheaper rental rates than the suburbs have offered some companies good deals on rates and space in the past year, Carroll said.

”There are a lot of small-type businesses in downtown,” he said. “It’s pretty unheard of for someone to come from the suburbs, and it will be great for downtown. It has been tough leasing.”

Harbert Helps Amedisys Grow

Tue, 11 Dec 2007 00:01:00 +0000

During the 3rd Quarter of 2007, The Corporate Real Estate Services Group of Harbert Realty Services, Inc. assisted Baton Rouge, LA based home healthcare company Amedisys, Inc. (NASDAQ:AMED), in completing 29 real estate transactions in 10 states. These transactions encompassed new start up locations, relocations, renewals and/or terminations as it relates to the growth and repositioning of Amedisys’ real estate portfolio.

Harbert Realty Advises Regions Bank on Mobile Expansion

Thu, 27 Dec 2007 00:01:00 +0000

Harbert Realty Services, Inc. has represented and advised Birmingham, Alabama based Regions Financial (NYSE: RF) in an expansion of their Mobile market headquarters location at the newly constructed RSA Battlehouse Tower in Mobile, Alabama. Regions previously had leased approximately 69,000 square feet in the building which included their executive offices and new downtown retail branch bank location. Harbert advised Regions on this expansion need which included two additional floors of approximately 42,000 square feet in the tower to accommodate their office space needs fueled by the merger of Regions and AmSouth banks.

The RSA Battle House Tower in Mobile is a new 34-story, Class A office tower over looking Mobile Bay and the renovation of the historic Battlehouse hotel. The development is owned and managed by the Teachers’ and Employees’ Retirement Systems of Alabama (RSA).

Harbert Realty Services - Nashville

Thu, 24 Jan 2008 00:01:00 +0000

Harbert Realty Services is pleased to announce that Thomas V. Cullen has joined the firm as Vice President of the Nashville, Tennessee office. Cullen will be located at Harbert Realty Services’ new office located at 618 Church Street. Cullen’s responsibilities will be to serve the Corporate Real Estate needs of existing accounts as well as using his experience of over 25 years in commercial real estate site selection to help identify and serve new accounts.

Harbert Realty Services

618 Church Street

Suite 500

Nashville, Tennessee 37219

615.301.6246

tcullen@harbertrealty.com

www.harbertrealty.com

Harbert Realty Services Negotiates for Restaurant Sites

Mon, 28 Jan 2008 00:01:00 +0000

The Corporate Services Group of Harbert Realty Services has advised and represented Five Guys Famous Burgers and Fries Alabama franchisee in three transactions for the expansion of their restaurant footprint. These sites are located in the central portion of Alabama; Birmingham’s Brookwood Mall, Trussville’s Colonial Pinnacle at Tutwiler Farm and Tuscaloosa’s Midtown Village. All three of these restaurants locations have been the most successful for this client’s restaurant portfolio to date. This momentum shall continue for 10-12 additional locations in the next 24-36 months through out the state of Alabama.

With 250 restaurants in 20 states Five Guys has been able to hold unto its “cult” status. From its never frozen, non-preservatives, 100% American beef burgers to its hand cranked fries made from spuds delivered from cities all over the US...its the #1 burger in every city its located.

Harbert Realty Services Acquires Additional Land for Hotel Development

Tue, 19 Feb 2008 00:01:00 +0000

Harbert Realty Services announced today that they will be demolishing the old La Paree property, located on 5th Avenue North adding more space for Birmingham’s new 4-Diamond Marriott Renaissance Hotel. The $52 million luxury hotel will be built in the City Center at 5th Avenue North and 20th Street.

La Paree, a landmark downtown eatery, served its last lunch in December of 2003 after more than 60 years in business, since that time the building has been vacant.

The expansion will allow for a tremendous increase in restaurant and ballroom space for the hotel. The project was originally slated to have 255-rooms but will now have 281-rooms for guests.

The hotel has been touted as setting a new standard for luxury accommodations in the City Center, creating 135 permanent jobs for Birmingham and 300 jobs during construction as well as generating $2.8 million in annual payroll.

Harbert Realty Services President and CEO Harry M. Lynch said the decision to expand the size of the hotel was an easy one. “As we’ve worked to finalize the design of the rooms and the banquet facilities, we’ve seen that having any extra space would be a huge asset to the project,” said Lynch. “The City of Birmingham is excited about the new hotel, and now two empty buildings will be put to good use.�

Last October, Starbucks Coffee announced it would make its home in the hotel.

�We have more exciting announcements to come; this is one project that the residents of Birmingham will have the opportunity to watch unfold and enjoy for years to come,” said Lynch.

Construction on the hotel will begin in the fall of 2008.

Harbert Realty Services Announces Mentoring Program to Begin for Area Contractors

Mon, 23 Jun 2008 00:01:00 +0000

MARRIOTT RENAISSANCE PARTNERS MAKE MINORITY INCLUSION TOP IMPORTANCE

Birmingham, Ala. - Harbert Realty Services and Concord Hospitality Services, partners in the 4-Diamond Marriot Renaissance Hotel project, announced today that they are working with contractor, Hoar Construction, Inc., on a program designed to encourage minority inclusion in all aspects of the hotel’s construction.

A mentoring program will be open to all area minority contractors, enabling them to become more competitive by improving project and construction management, as well as business operations.

The program will provide educational opportunities to participants in all phases of construction. Some of the opportunities include managing the business aspect of a construction company, resolving day to day issues on the job site and successfully completing projects.

Plans for the 255-room facility were announced in April 2007 and will set a new standard for luxury accommodations in the City Center, create new tax revenues and jobs for Birmingham, as well as increase the city’s attraction as a business center and convention destination. The Birmingham Construction Industry Authority (BCIA) will also be working with Harbert Realty Services, Concord Hospitality Enterprises and Hoar Construction to promote the construction industry as a viable career option for minority students by providing assistance through scholarship and expanded employment opportunities. BCIA will also assist with identifying minority prospects for the program through consultation and evaluation. The BCIA was established in 1990 with the goal of overcoming the critical underutilization of Minority and Disadvantaged Business Enterprises (MBE/DBE) and the City of Birmingham’s economic growth is a part of this initiative.

There is no cost for the five class program which will be offered to the participating protégés. Classes will be held weekly, beginning Friday, June 27, 2008 at the Hoar Construction office from 8:00a.m. to 12:00p.m.

Harbert Realty Service says that they hope that the minority subcontractors will have a sense of economic inclusion in the City of Birmingham.

"As a minority, I understand the representation of minorities in construction related businesses are underutilized. This program is an excellent opportunity to take minority subcontractors businesses to the next level of great success,” said Kenya Collins of Harbert Realty Services.

"Harbert Realty Services will continue to support this program as we begin recruiting and training, providing employment opportunities for minorities in the hospitality industry,” said Collins. “It is our goal that the minority inclusion plan becomes a successful model to be emulated in future public/ private partnerships."

Interested attendees can register or receive more information by contacting Trippe Gray, Hoar Construction at 205-423-2233 or by email tgray@hoarllc.com.

About Harbert Realty Services, Inc.

Harbert Realty Services is one of the largest privately held, full service commercial real estate firms in Alabama. Headquartered in Birmingham, the company offers clients expertise in a full range of commercial real estate services honed over 50 years of property ownership, development and management across the southeast. Harbert Realty Services is a majority owned subsidiary of Harbert Management Corporation. Harbert Realty’s mix of experience, resources and global reach allows it to offer clients one of the most comprehensive arrays of customized services in the commercial real estate market. For more information, visit www.harbertrealty.com.

About Concord Hospitality Enterprises Company

Concord Hospitality Enterprises Company, based in Raleigh, North Carolina, was established in 1985 to acquire and develop hotel properties and to provide experienced hotel management to both full-service and limited-service properties. Consistently winning top industry awards, Concord operates 49 hotels with 6,098 rooms in 11 states and in Canada, with combined annual revenues of over $200 million. In addition, Concord currently has 12 hotel projects (with a cumulative 1,577 rooms) valued at more than $212 million under development. The company employs more than 2,700 associates. Its hotel brands include the following: Renaissance and Marriott hotels, Residence Inn, SpringHill Suites, Fairfield Inn and Suites, Fairfield Inn, Hilton Garden Inn, Holiday Inn, MainStay Suites and Radisson. The Company also operates a 4-Star independent hotel. More information is available at www.concordhotels.com.

Harbert Enters New Real Estate Arena

Wed, 04 Mar 2009 00:00:00 +0000

Harbert Realty Services recently expanded into a new arena of commercial real estate industry. Having recently developed a number of outdoor media sites, we are proud to announce the addition of The Outdoor Media Group. Digital billboards represent a new concept in display advertising and technology that efficiently delivers high quality, large color images and information to the market, enabling businesses to capture a larger audience and change their message as needed, unlike traditional billboard signs. “The electronic outdoor media industry is one that we have studied for some time,” says David Williams, COO of HRS “and we believe we can efficiently put our real estate knowledge and market experience to work to capitalize on digital media site development opportunities.” HRS’ Outdoor Media Group has projects in Alabama, Florida, Tennessee, New Jersey and Arizona and is pursuing development sites nationwide. Harbert is actively seeking markets for future investment potential for this new advertising medium for marketing businesses. Please contact Brian Richardson (205) 458-8010 for more information.

Wine Bar Makes Move to Better Serve Clientele

Tue, 23 Jun 2009 00:00:00 +0000

The Wine Loft Wine Bar in Mountain Brook is relocating to the exclusive retail development, The Summit, in order to better serve its clientele. The Wine Loft will reopen its doors in August, at the new location, where it will rub shoulders with such fine retailers as Saks Fifth Avenue, Apple, Pottery Barn, Bose, and Anthropologie. "The Summit's phased expansion along with the new tenant neighbors was simply a better fit for The Wine Loft concept," said Wine Loft CEO, Jason Doyle.

The wine bar is currently based in the Cahaba Village development, also located off Highway 280, but decided to close its doors to take advantage of the relocation offer presented by its landlord. Doyle said, "We appreciate Bayer Properties being proactive with their suggestion to move The Wine Loft's upscale offering to an area with more synergistic tenants. Their effort in coordination with our representative, Harbert Realty Services, has made this a seamless process."

About The Wine Loft Wine Bar

Jason and Melissa Doyle opened the first Wine Loft in New Orleans, Louisiana in 2002. After being inspired by a trip to the California wine country, they decided to create a comfortable, relaxing place for wine-centered socializing. "Our goal is to make our wine bar a unique, relaxing environment where patrons can not only sample a variety of sophisticated wines, but also enjoy our ongoing industry events such as Tableside Tastings." said Jason Doyle.

With franchises and corporate-owned locations opening across the country and over 70 wines offered by the glass and 250 by the bottle, The Wine Loft consistently offers an ultra-chic experience for their clientele. For more information, contact General Manager Remy Helu via email - rhelu@thewineloft.net.

About Harbert Realty Services

Harbert Realty Services is one of the largest privately held, full-service commercial real estate firms in Alabama. Headquartered in Birmingham, the company offers clients expertise in a full range of commercial real estate services honed over 50 years of property ownership, development, and management across the nation and region. Harbert Realty Services is a majority owned subsidiary of Harbert Management Corporation. Harbert Realty's mix of experience, resources and global reach allows it to offer clients one of the most comprehensive arrays of customized services in the commercial real estate market. For more information, visit www.harbertrealty.com.

Southern California Based Restauranteur Selects Harbert Realty Services for Portfolio Management

Tue, 23 Jun 2009 00:00:00 +0000

Harbert Realty Services announced today that it has been engaged by Frandeli Group, LLC to provide Lease Administration services. Irvine, CA based Frandeli Group, LLC operates multiple restaurant brands across the country to include Papa Johns Pizza and Spaghetti Warehouse. Harbert's services will include lease management, lease auditing and management of financial aspects of the real estate portfolio. Additionally, Harbert will manage various time sensitive documents and information relative to store operations such as equipment records, licenses, permitting and vendor relations.

Harbert helps its Lease Administration clients by handling all of the details relative to a large real estate portfolio allowing its clients to focus on their core business. The Harbert team handles landlord discrepancies, renewals, management and reporting of critical dates and data and provides clients with a single point of contact for the lease/property administration needs.

Michael Kim, VP of Development for Frandeli Group, LLC said, "We are excited about the efficiencies that Harbert Realty Services will bring to our real estate portfolio. Harbert clearly has the expertise and experience needed to manage the real estate portfolio of a growth oriented company such as ours."

About Harbert Realty Services, Inc.

Harbert Realty Services is one of the largest privately held, full service commercial real estate firms in Alabama. Headquartered in Birmingham, the company offers clients expertise in a full range of commercial real estate services honed over 50 years of property ownership, development and management across the state and in Florida. Harbert Realty Services is a majority owned subsidiary of Harbert Management Corporation. Harbert Realty's mix of experience, resources and global reach allows it to offer clients one of the most comprehensive arrays of customized services in the commercial real estate market. For more information, visit www.harbertrealty.com.

About Frandeli Group, LLC

Frandeli Group. LLC (Frandeli) is a franchise/chain restaurant investment and development company. Frandeli acquires minority or majority interest in multi-unit restaurant brands (chain, franchiser, or franchisee companies) and engage in development of emerging brands. Frandeli differentiates itself from other investment firms in that they play an active operator role and specialize only in the restaurant industry. Frandeli is led by an experienced management team with extensive operations and development expertise in multi-unit restaurant development of various top national retail/restaurant brands in the US and a venture capital firm affiliated with a $60 Billion multinational company that serves as a financing arm for Frandeli. For more information, visit www.frandeli.net.

Harbert Realty Services Expands Restaurant Client's Footprint

Tue, 23 Jun 2009 00:00:00 +0000

Harbert Realty Services' Corporate Services Group (HRS) continues to play a key role in the expansion of The Wine Loft Wine Bar by securing 5 new locations during the first five months of 2009. HRS represented the owner of The Wine Loft Wine Bar in 4 new restaurant locations in markets that include Dublin, OH, outside of Columbus; Nashville, TN, Richmond, VA and Tallahassee, FL. Additionally, HRS has secured a new headquarters office for the restaurant brand's owner in Dallas, TX.

HRS represents Doyle Restaurant Group nationally and is currently working to secure sites in multiple markets nationwide. HRS is proud to serve Doyle Restaurant Group in its expansion plans for the Wine Loft and other restaurant concepts.

About The Wine Loft Wine Bar and Doyle Restaurant Group

The Wine Loft Wine Bar is one of several restaurant concepts owned by the Doyle Restaurant Group. With deep roots in the culinary mecca of New Orleans, LA, Doyle Restaurant Group continues to grow and prosper through the expansion of several successful restaurant and bar concepts including The Wine Loft and Brew Public Craft House. With 25 locations nationally, Doyle Restaurant Group has proven itself a significant player in the restaurant arena with highly sought after and popular concepts.

About Harbert Realty Services

Harbert Realty Services is one of the largest privately-held, full-service commercial real estate firms in Alabama. Headquartered in Birmingham, the company offers clients expertise in a wide range of commercial real estate services honed over 50 years of property ownership, development management, and brokerage across the country. Harbert Realty Services is a majority-owned subsidiary of Harbert Management Corporation. Harbert Realty’s mix of experience, resources and global reach allows it to offer clients the most comprehensive array of customized services in the commercial real estate market. For more information, visit www.harbertrealty.com.

Harbert Realty Services Participates in Dollar General Growth

Tue, 23 Jun 2009 00:00:00 +0000

Harbert Realty Services' Corporate Services Group (HRS) has signed a lease with, and has started construction on a new store for Dollar General Corporation. The new Appalachia, VA store represents HRS' initial project as a "preferred developer" for Dollar General. HRS has broken ground on the site and will deliver a new 9,100 square foot store to Dollar General in September. HRS is currently working to identify new and relocation store sites in multiple markets and has recently been assigned an expanded territory.

About Dollar General

Dollar General is the largest discount retailer in the United States by number of stores with 8,462 neighborhood stores as of May 1, 2009, located in 35 states. Dollar General helps shoppers Save time. Save money. Every day!® by offering quality private and national branded items that are frequently used and replenished such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, house wares and seasonal items at everyday low prices in convenient neighborhood stores. Dollar General is among the largest retailers of top-quality products made by America's most trusted manufacturers such as Procter & Gamble, Kimberly Clark, Unilever, Kellogg's, General Mills, Nabisco, and Fruit of the Loom. The Company store support center is located in Goodlettsville, Tennessee. Dollar General's Web site can be reached at www.dollargeneral.com.

About Harbert Realty Services

Harbert Realty Services is one of the largest privately held, full service commercial real estate firms in Alabama. Headquartered in Birmingham, the company offers clients expertise in a full range of commercial real estate services honed over 50 years of property ownership, development and management across the state and in Florida. Harbert Realty Services is a majority owned subsidiary of Harbert Management Corporation. Harbert Realty's mix of experience, resources and global reach allows it to offer clients one of the most comprehensive arrays of customized services in the commercial real estate market. For more information, visit www.harbertrealty.com.

Harbert Realty Services’ Expertise Cited In National Restaurant Publication

Thu, 27 Aug 2009 00:00:00 +0000

Birmingham, Ala. –The Restaurant Finance Monitor, a national restaurant publication, recently called upon Harbert Realty Services for insight into the current state of retail and restaurant real estate in the United States and opportunities associated with it.

In an article entitled “Taking Advantage of the Recession: Real Estate Development – There are Deals to be Had,” the Monitor interviewed Parrish Taylor, Vice President of Harbert’s Restaurant Group, and Stutts Everette, another Harbert Realty vice president. Observing that franchise growth has slowed and that the market was seeing fewer new restaurant concepts, Taylor recognized that expanding restaurateurs are well-positioned to negotiate favorable lease payments. “You can drive a pretty hard bargain,” Taylor said. “We continue to suggest to our clients that they be aggressive in the deal we negotiate for them.”

Taylor related one recent experience to the Monitor, in which Harbert Realty Services was able to secure a restaurant lease for a client in El Paso, Texas, paying $17 a square foot for property that, less than a year earlier, had been demanding $25 a square foot. For the client, the reduction represented lease payment savings of $41,600 annually. For Harbert, the deal represented another example of the benefits of locating premier sites for its clients and then aggressively pursuing appropriate lease concessions from the landlord during the current economic downturn.

“It was gratifying to see the Restaurant Finance Monitor seek Parrish’s and Stutts’ opinions on this topic” said Michael Murray, Senior Vice President for Harbert Realty. “As the article suggested, Harbert enjoys extensive experience assisting restaurants, both corporate and franchise-based, with streamlining and lightening their real estate responsibilities. If we can take real estate worries off their plate, then they can focus on what they’re putting on their customer’s plates.”

About Harbert Realty Services, Inc. Harbert Realty Services is one of the largest privately held, full service commercial real estate firms in Alabama. Headquartered in Birmingham, the company offers clients expertise in a full range of commercial real estate services honed through over 50 years of property ownership, development and management across the Southeast. Harbert offers a full corporate services platform for its clients to include site selection, disposition, construction management, lease administration and real estate accounting. For more information, visit www.harbertrealty.com.

About Restaurant Finance Monitor Published monthly, the Restaurant Finance Monitor provides its readers with valuable sources of financing and offers detailed analysis of the multi-unit restaurant business. Headquartered in Minneapolis, Minnesota, the Monitor provides the most complete understanding of the financial markets found anywhere in the restaurant industry. For more information, visit www.restfinance.com.

Harbert Realty Services Selected to Move Walter Energy Headquarters to Birmingham

Thu, 15 Oct 2009 00:00:00 +0000

Harbert Realty Services was recently selected to represent Walter Energy (NYSE:WLT) in the relocation of its national headquarters to Birmingham, AL. Walter Energy, formerly Walter Industries, is one of the largest producers of metallurgical coal for the global steel industry with significant operations in Alabama. Walter conducted interviews of commercial real estate firms in Birmingham and tapped Harbert Realty as its choice for representation. Larry E. Williams, Senior Vice President with Walter Energy indicates that both Harbert Realty’s corporate real estate experience and the individuals who make up the team were a clear fit for Walter Energy. Dean Nix, Harbert’s Senior Vice President and veteran of the Birmingham office market will lead the search on behalf of Walter. "Harbert Realty Services is thrilled to have the opportunity to help Walter Energy with their relocation to Birmingham and we are proud for Birmingham to have a new corporate headquarters here", says Nix.

About Harbert Realty Services, Inc.

Harbert Realty Services is one of the largest privately held, full service commercial real estate firms in Alabama. Headquartered in Birmingham, the company offers clients expertise in a full range of commercial real estate services honed over 50 years of property ownership, development and management across the Southeast. Harbert Realty Services is a majority owned subsidiary of Harbert Management Corporation. Harbert Realty’s mix of experience, resources and global reach allows it to offer clients one of the most comprehensive arrays of customized services in the commercial real estate market. Harbert offers a full corporate services platform for its clients to include site selection, disposition, construction management, lease administration and real estate accounting. For more information, visit www.harbertrealty.com.

About Walter Energy

Walter Energy (NYSE: WLT) is a leading U.S. producer and exporter of premium metallurgical coal for the global steel industry and also produces steam coal and industrial coal, metallurgical coke and coal bed methane gas. The Company has revenues of approximately $1.2 billion and employs approximately 2,100 people. For more information about Walter Energy, please visit the Company Web site at www.walterenergy.com.

HRS Signs SouthernLINC for Chace Landing Retail Center

Wed, 13 Jan 2010 00:00:00 +0000

Birmingham, Ala. – SouthernLINC, a division of Atlanta-based Southern Company, joins Five Guys Burgers & Fries as a tenant in Harbert Realty Services' Chace Landing retail center on U.S Hwy 31 in the Riverchase area of Hoover, AL. SouthernLINC is relocating its Pelham store to the center and has executed a lease of approximately 1,700 square feet. The store is expected to open during the first quarter of 2010. SouthernLINC was represented by Brad Jones, of Graham & Co.

Interest in the retail center has increased in recent weeks, according to Parrish Taylor, VP with Harbert Realty Services. There are ongoing discussions with several retailers and restaurant brands interested in the center. SouthernLINC and other interested concepts have been attracted to Chace Landing's location on US Hwy 31 in Riverchase due to its proximity to premium residential areas and Class A office buildings as well as its prominent position at a lighted intersection on US 31 which has some of the areas highest traffic counts.

About Harbert Realty Services, Inc.

Harbert Realty Services is one of the largest privately held, full service commercial real estate firms in Alabama. Headquartered in Birmingham, the company offers clients expertise in a full range of commercial real estate services honed over 50 years of property ownership, development and management across the state and in Florida. Harbert Realty Services is a majority owned subsidiary of Harbert Management Corporation. Harbert Realty's mix of experience, resources and global reach allows it to offer clients one of the most comprehensive arrays of customized services in the commercial real estate market. For more information, visit www.harbertrealty.com.

About SouthernLINC Wireless

SouthernLINC Wireless, a Southern Company (NYSE: SO), is an Atlanta-based regional wireless carrier with network coverage in the major metro and rural areas of Alabama, Georgia, southeast Mississippi and northwest Florida. SouthernLINC Wireless bundles multiple communication options, including Push To Talk two-way radio, cellular service, text messaging, wireless Internet access and wireless data, into one hand-held device. For more information, please call 1-800-818-LINC (5462) or visit www.southernlinc.com.

Walter Energy signs Galleria lease

Tue, 26 Jan 2010 00:00:00 +0000

Birmingham Business Journal - by Lauren B. Cooper Staff
Monday, January 25, 2010, 5:00pm CST

Walter Energy said it's official - Galleria Tower at Riverchase Galleria in Hoover will be its new Birmingham headquarters.

The company has signed a lease to occupy the top two floors of the building, where it plans to house about 100 employees, said a news release.

The new location is expected to open in the second quarter of this year.

Tampa, Fla.-based Walter announced last year it would move its headquarters to the Magic City to be closer to its mining operations, all located in Central Alabama. In late 2009 it was reported the company had signed a letter of intent with Galleria Tower management.

Birmingham's Harbert Realty Services represented the natural resources company in its search for a new home base.

"The Galleria Tower offers excellent interstate access to all of our Alabama locations and the area has many amenities to serve our employees," said Victor P. Patrick, CEO of Walter Energy. "We look forward to starting this next chapter in our company's long and proud history as the Birmingham area's newest corporate citizen."

HRS Signs Tim’s Wine Market for Its Solary Development

Wed, 03 Feb 2010 00:00:00 +0000

TIM’S WINE OPENS SIXTH STORE IN THE HEART OF OVIEDO, FL

Oviedo, FL – Tim's Wine Market joins Mitchell Wade Salon as a tenant in Harbert Realty Services' The Solary retail center at the intersection of SR 419 and Lockwood Blvd. Tim's signed a seven year lease for approximately 1,400 square feet on the first floor of the new 16,000sf retail development in the heart of Oviedo and was represented by Trish Walden of Sperry Van Ness. Tim's Wine Market operates on a very simple model: provide service, selection and value. The old fashioned, customer oriented attitude has allowed Tim's to be the number one choice for Florida wine consumers that want the unbiased opinions of a local expert. Tim's prefers personal interaction with its customers to help them select the best wine for every budget and taste. They are expected to open in early April.

Interest in the retail center has increased in recent weeks, according to Wendy Krepak, SVP with Harbert Realty Services, who is leasing the center. There are ongoing discussions with several exciting retailers interested in the center. Tim's, Mitchell Wade and other interested concepts have been attracted to The Solary's location on SR 419 due to its proximity to premium residential areas as well as its exposure to some of the areas highest traffic counts.

About Harbert Realty Services, Inc.

Harbert Realty Services is one of the largest privately held, full service commercial real estate firms in Alabama. Headquartered in Birmingham, the company offers clients expertise in a full range of commercial real estate services honed over 50 years of property ownership, development and management across the state and in Florida. Harbert Realty Services is a majority owned subsidiary of Harbert Management Corporation. Harbert Realty's mix of experience, resources and global reach allows it to offer clients one of the most comprehensive arrays of customized services in the commercial real estate market. For more information, visit www.harbertrealty.com.

About Tim's Wine

Tim Varan and Brock Magruder opened Tim's Wine Market in 1995 in Orlando, Florida. At that time they decided that service, selection and value would be their mission statement and since that time have educated thousands of people of the merits of artisan made wines. Based on twenty years of buying experience, each year Tim selects only a few hundred wines that will become a core item, newsletter, Wine Of The Month, reserve or email feature. He looks for each wine to display a sense of place, varietal correctness, balance and above all, value. Who makes the wine means nothing, critical press means even less. Tim believes that he alone sets the standard for the quality of the wines Tim’s Wine Market will carry and on which they stake their reputation. For more information, visit www.timswine.com.

Harbert Realty Services buys city's Rock Apartment Advisors

Mon, 29 Mar 2010 00:00:00 +0000

Birmingham Business Journal - by Lauren B. Cooper Staff

Harbert Realty Services said it has acquired Birmingham’s Rock Apartment Advisors Inc.

David Williams, chief operating officer at Harbert, said the deal closed earlier this month for an undisclosed sum and will add multifamily advisory and sales to its list of commercial real estate services, which for years had mainly been in office and retail properties.

And as a team, again – Rock spun out of Harbert in 2003 to focus on multifamily – the two companies said they plan to seize current opportunities in the market and grow regionally, getting there quicker together.

Rock President Steve Ankenbrandt said as the recession hit commercial real estate, his multifamily real estate firm had to shift focus and adapt, which brought new opportunities to the table.

"In mid 2008, we saw an unraveling of the market and saw fundamentals slide," said Ankenbrandt. "Our efforts shifted that summer and we’re now working for more lenders," rather than investors.

Ankenbrandt said in 2009 Rock advised on 80 properties in the Southeast, with an underwritten value of $600 million. And as that business grew for Rock, he said the lenders he worked for began asking about services for other property types, like office and retail.

Williams said Harbert had similar requests about multifamily. To build a multifamily division from scratch would have been too capital intensive, he said, and the acquisition of Rock brings that experience to the table for deals today.

"This gives us the ability to have that expertise and be the go-to firm in the Southeast," said Williams.

Ankenbrandt foresees Rock's advisory work to lenders expanding in the coming years. As it grew from mortgage defaults during the recession, he said it should continue with mortgage maturities over the next three years across the Southeast.

Harbert's acquisition of Rock adds to the very small number of local companies that have divisions focusing on multifamily advisory and sales around the state.

That's because traffic for new projects in Alabama has always been slim and new multifamily construction is limited to areas expecting job growth, like Huntsville or Mobile, said Bill Butler, who heads up multifamily sales and leasing for Birmingham’s Engel Realty Co.

"We don't have a lot of developers coming in to sell and not many investors coming to buy and sell," said Butler. "There's just not that much trading going on, not like in Atlanta," which has at least five companies headquartered or with regional offices specializing in multifamily.

Rock's Ankenbrandt said trading is likely to pick up in the secondary markets it covers, as lenders begin to list properties they’ve taken over for sale, mainly at the lower end of the market. And as investors and operators pick up those properties, better product will move into the marketplace.

Ankenbrandt was part of a group of former Harbert executives that purchased its investment property division in 2003, renaming it Rock and representing buyers and sellers of apartment complexes.

Rock brings six sales and advisory team members to Harbert, including ones in Huntsville and Tampa, Fla. Rock will keep its name and continue to supply research data for a growing list of apartment markets. It moved into Harbert’s offices at 2 North 20th downtown this week and will sublease its office space off Acton Road.

Harbert has roughly 50 employees and offices in Nashville, Tampa and Orlando that offer asset and property management, corporate services, brokerage and development. It’s a subsidiary of Harbert Management Corp.

Locally, it continues to seek financing to develop a five-star hotel in the former Regions Financial Corp. headquarters downtown and recently developed a retail center at the Chace Lake development in Hoover.

HRS Signs New Tenant for Chace Landing Retail Center

Mon, 21 Jun 2010 00:00:00 +0000

RED MANGO JOINS SOUTHERNLINC AND FIVE GUYS BURGERS & FRIES

Birmingham, Ala. – The all-natural yogurt and smoothie concept, Red Mango, joins SouthernLINC and Five Guys Burgers & Fries as a tenant in Harbert Realty Services' Chace Landing retail center on U.S Hwy 31 in the Riverchase area of Hoover, AL. The new store of approximately 2,000 square feet represents Red Mango's first Alabama location, owned by a local franchisee. The store is expected to open during the late Summer of 2010 and will be the first of three planned for the Birmingham market. Red Mango currently operates 60 locations nation wide and is an aggressive expansion mode.

Limited space remains in Harbert's Chace Landing retail center. Interested parties should contact Harbert Realty Services for details.

About Harbert Realty Services, Inc.

Harbert Realty Services is one of the largest privately held, full service commercial real estate firms in Alabama. Headquartered in Birmingham, the company offers clients expertise in a full range of commercial real estate services honed over 50 years of property ownership, development and management across the state and in Florida. Harbert Realty Services is a majority owned subsidiary of Harbert Management Corporation. Harbert Realty's mix of experience, resources and global reach allows it to offer clients one of the most comprehensive arrays of customized services in the commercial real estate market. For more information, visit www.harbertrealty.com.

About Red Mango

Red Mango, the fastest-growing retailer of all-natural nonfat yogurt and smoothies, opened its first U.S. store in July 2007 in Los Angeles and has since celebrated 60 store openings across Arizona, California, Hawaii, Illinois, Indiana, Massachusetts, Minnesota, Nevada, New Jersey, New York, Ohio, Texas, Utah, and Washington. Red Mango received Nation's Restaurant News' 2009 "Hot Concepts!" award and has been named the best frozen yogurt in Seattle, Las Vegas, Chicago, Utah and New York by independent publications. Headquartered in Dallas, Red Mango serves uniquely delicious frozen yogurt that is all natural, nonfat, gluten-free and packed with beneficial live and active probiotic cultures that support a healthy immune and digestive system. Red Mango's frozen yogurt has been certified by the National Yogurt Association's Live and Active Culture Seal for meeting the required criteria for healthy frozen yogurt. Additionally, Red Mango recently introduced the first iced teas fortified with probiotics.

HRS to Provide Leasing and Management Services for Midtown Center

Thu, 01 Jul 2010 00:00:00 +0000

Birmingham, Ala. – Harbert Realty Services recently won the leasing and management assignment for the Midtown Center in Birmingham's Central Business District. The Midtown Center is located at 1800 First Avenue South and encompasses 129,000 square feet. Built in 1906 as the Wimberly & Thomas Hardware Company Warehouse, the building has been converted to accommodate office tenants. The building is on the National Register of Historic Places. Midtown Center's lead tenant is Labcorp, a national provider of laboratory tests and services. Space is available and interested parties should call Harbert Realty Services at 205-323-2020.

Harbert Realty Services competed with multiple commercial real estate firms for the assignment.

About Harbert Realty Services, Inc.

Harbert Realty Services is one of the largest privately held, full service commercial real estate firms in Alabama. Headquartered in Birmingham, the company offers clients expertise in a full range of commercial real estate services honed over 50 years of property ownership, development and management across the state and in Florida. Harbert Realty Services is a majority owned subsidiary of Harbert Management Corporation. Harbert Realty's mix of experience, resources and global reach allows it to offer clients one of the most comprehensive arrays of customized services in the commercial real estate market. For more information, visit www.harbertrealty.com.

HRS Provides Construction Management for Renovation of Mobile Shopping Center

Thu, 01 Jul 2010 00:00:00 +0000

Birmingham, Ala. – Harbert Realty Services (HRS) recently provided Construction Management services for the renovation of Spring Hill Village, a 111,000 square foot grocery anchored shopping center in the Spring Hill section of Mobile, AL. The shopping center owner hired HRS to oversee the exterior renovation to include upgrading signage and electrical components, repainting, repaving of surface lots, relandscaping and a complete environmental assessment of the project. HRS managed and provided coordination of architectural services, selection of contractors and subcontractors as well as oversight of the financing and funding of the project. The project was completed with no disruption of regular activities in the center, which remains 100% leased.

About Harbert Realty Services, Inc.

Harbert Realty Services is one of the largest privately held, full service commercial real estate firms in Alabama. Headquartered in Birmingham, the company offers clients expertise in a full range of commercial real estate services honed over 50 years of property ownership, development and management across the state and in Florida. Harbert Realty Services is a majority owned subsidiary of Harbert Management Corporation. Harbert Realty's mix of experience, resources and global reach allows it to offer clients one of the most comprehensive arrays of customized services in the commercial real estate market. For more information, visit www.harbertrealty.com.

HRS Named Exclusive Representative for STX Healthcare Management Services

Fri, 20 Aug 2010 00:00:00 +0000

Birmingham, Ala. – Harbert Realty Services' Corporate Services Group (HRS) has been selected as exclusive in Alabama representative for Bellaire, Texas based STX Healthcare Management Services, Inc. (STX). STX is a dental practice management company which operates more than twenty-five (25) dental clinics across the South. In an effort to expand their footprint, STX plans to open several clinics each year for the foreseeable future. Multiple sites, in new and existing markets, are currently being assessed by HRS.

About Harbert Realty Services, Inc.

Harbert Realty Services is one of the largest privately held, full service commercial real estate firms in Alabama. Headquartered in Birmingham, the company offers clients expertise in a full range of commercial real estate services honed over 50 years of property ownership, development and management across the state and in Florida. Harbert Realty Services is a majority owned subsidiary of Harbert Management Corporation. Harbert Realty's mix of experience, resources and global reach allows it to offer clients one of the most comprehensive arrays of customized services in the commercial real estate market. For more information, visit www.harbertrealty.com.

HRS Named Exclusive Agent for Clanton’s Peach Village

Fri, 20 Aug 2010 00:00:00 +0000

Birmingham, Ala. – Harbert Realty Services has been named exclusive listing agent for a planned retail development in Clanton, Alabama. Located at the southeast corner of Exit 212 on I-65, known to many Alabama travelers by the large water tank painted to look like a peach, the site consists of 13 acres planned for six to eight parcels ideal for family full-service restaurants and fast casual concepts as well as other general retail use. With excellent visibility at Exit 212, the site is adjacent to McKinnon Toyota and flanked by a convenience store. Over 37,500 cars pass Exit 212 daily on I-65, according to the Alabama Department of Transportation. Interested parties should contact Harbert Realty Services at 205-323-2020.

About Harbert Realty Services, Inc.

Harbert Realty Services is one of the largest privately held, full service commercial real estate firms in Alabama. Headquartered in Birmingham, the company offers clients expertise in a full range of commercial real estate services honed over 50 years of property ownership, development and management across the state and in Florida. Harbert Realty Services is a majority owned subsidiary of Harbert Management Corporation. Harbert Realty's mix of experience, resources and global reach allows it to offer clients one of the most comprehensive arrays of customized services in the commercial real estate market. For more information, visit www.harbertrealty.com.

Harbert Ranked 3rd Largest Commercial Real Estate Brokerage Firm in Birmingham

Tue, 11 Mar 2003 00:00:00 +0000

Harbert Realty Services, Inc. has been ranked the 3rd Largest Commercial Real Estate Brokerage Firm in Birmingham, AL by the Birmingham Business Journal.

Harbert Realty Services has 20 local agents with a 2002 transaction value volume of $96.3 million and 1.3 million square feet under management — March 7, 2003.

Harbert Purchases Office Building for re-development in Altamonte Springs, FL

Tue, 28 Mar 2006 00:00:00 +0000

Birmingham, AL - Harbert Realty Services has acquired an 18,200 square foot office building in Altamonte Springs, Florida. The purchase includes the building and surrounding 2.92 acres of land. The building will be repositioned to capitalize on the growing office and medical market along the SR 434 corridor and Harbert will develop the vacant land to facilitate new branch for AmSouth Bank and an upscale retail center.

The property is uniquely located on SR 436 in Altamonte Springs and will benefit from the expanding Florida Hospital complex and growing retail market. David Williams, Harbert Realty Services` Chief Operating Officer, indicates that”this acquisition represents another strategic driven purchase in which Harbert will be able to employ our in-depth development and leasing skills to capitalize on an underutilized market and asset to continue to create value for our firm and national clients."

With offices nationwide, and a geographic focus on the South-East, Harbert Realty Services, Inc. is one of the largest privately held, full service commercial real estate firms in the country.

At Harbert Realty offers clients expertise in a full range of commercial real estate services honed over 50 years of property ownership, development and management. As a majority owned subsidiary of Harbert Management Corporation, we have the strength and flexibility afforded by our parent company’s more than $5 billion in combined assets. Our mix of experience, resources and global reach allows us to offer clients one of the most comprehensive arrays of customized services in the commercial real estate market.

For more information, please visit harbertrealty.com, email info@harbertrealty.com or call (866) HRS-1281.

Harbert Realty Services Wins Deal Award

Fri, 28 Mar 2008 00:00:00 +0000

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.

Regions Bank Selects Harbert as Exclusive Branch Site Firm

Mon, 03 Mar 2008 00:00:00 +0000

Regions Financial (NYSE: RF) today named Harbert Realty Services, Inc. as their exclusive provider of real estate acquisition services for branch sites. Harbert previously had provided acquisition services for Regions de novo branch expansion program in their East region consisting of seven (7) states in the Southeastern portion of the United States. This change expands Harbert’s service to cover all branch site acquisition responsibilities for Regions by adding their Midwest and West areas totaling fifteen (15) states and makes Harbert Regions’ exclusive branch site acquisition firm.

Harbert Represents AmSouth in Largest Mobile Office transaction

Wed, 08 Mar 2006 00:00:00 +0000

Harbert Realty Services represented Birmingham based AmSouth Bank in the lease of 69,047 square feet of office and retail space in the new Battle House Tower Building in Mobile, Alabama.

The Battlehouse Tower building is under construction and when completed in the fall of 2006 will be the tallest building in Alabama. The development includes the renovation of historic Battlehouse Hotel which is owned by the Teachers Retirement System of Alabama. AmSouth’s lease represents the largest Class A office deal completed in Mobile within the last 3 years.

Harbert Completes Construction of Shopping Center

Wed, 08 Mar 2006 00:00:00 +0000

Harbert Realty Services has completed the construction of the Shops at Market Square, a 9,250 square foot shopping center located in the Super Target Center in Ft. Myers, Florida.

The center is at the heart of the upscale shopping area of Ft. Myers at the intersection of Daniels Parkway and US 41, across from the Bell Tower Shops. The shopping center is 100 percent leased and will feature Starbucks, SuperCuts, Sprint, Cool Cuts 4 Kids and Pink Pineapple stores. Hawkins Construction of Bonita Springs was the general contractor and Sheely Architects of Ft. Myers served as project architect.

Harbert Realty Services Secures Law Firm for Downtown

Mon, 01 Apr 2002 00:00:00 +0000

”We were approached by several companies to move the firm out of the downtown area,” said Lynn. “But, we are in what we consider to be the premiere location in Birmingham. This location allows us to have constant interaction with other professionals and business people throughout Birmingham."

Maynard, Cooper & Gale moved into the AmSouth/Herbert Plaza in January 1990. The firm’s 203 employees in the Birmingham office currently occupy part of the 21st floor and the 23rd, 24th and 25th floors, representing approximately 70,000 square feet.

”We have the finest office building in the State,” said Raymond J. Harbert, chairman of Harbert Management Company. “Maynard, Cooper & Gale has been with us since the beginning and we’re thrilled to continue out long-standing relationship."

The AmSouth/Harbert Plaza is also home to other businesses such as Ernst & Young, PricewaterhouseCoopers, the corporate headquarters of AmSouth Bank and The Summit Club. Located in the heart of downtown Birmingham, the 32-story building encompasses an entire city block.

With offices in Birmingham and Montgomery, Ala., the 110 lawyers at Maynard, Cooper, & Gale, P.C. provide a broad range of legal services to Fortune 500 companies as well as closely held businesses, partnerships, professional associations, charities and individuals. The services include real estate; municipal and public finance; litigation; corporate transactions and securities; banking and commercial; technology and intellectual property; governmental affairs; economic development; wills, estates and trusts; charitable planning; taxation; antitrust; labor and employment; environmental; and health care.

Maynard, Cooper, & Gale is Alabama’s only member of Lex Mundi, an international association of more than 140 widely recognized independent law firms, which by membership gives the firm access to the very best in local legal expertise throughout the world. The firm is also Alabama’s only member of the Southern Law Network, a regional network of independent law firms. For more information, visit www.mcglaw.com.

Harbert Realty Services Secures Law Firm for Downtown

Mon, 01 Apr 2002 00:00:00 +0000

During a time when many companies are moving out of downtown to outlying destinations, local law firm Maynard, Cooper & Gale made a conscious decision to stay where they are. One of the original tenants of the AmSouth/Harbert Plaza, the firm has renewed its commitment to downtown Birmingham by signing a new 15-year lease, according to managing partner, George Lynn. “We were approached by several companies to move the firm out of the downtown area,” said Lynn. “But, we are in what we consider to be the premiere location in Birmingham. This location allows us to have constant interaction with other professionals and business people throughout Birmingham.” Maynard, Cooper & Gale moved into the AmSouth/Herbert Plaza in January 1990. The firm’s 203 employees in the Birmingham office currently occupy part of the 21st floor and the 23rd, 24th and 25th floors, representing approximately 70,000 square feet. “We have the finest office building in the State,” said Raymond J. Harbert, chairman of Harbert Management Company. “Maynard, Cooper & Gale has been with us since the beginning and we’re thrilled to continue out long-standing relationship.” The AmSouth/Harbert Plaza is also home to other businesses such as Ernst & Young, PricewaterhouseCoopers, the corporate headquarters of AmSouth Bank and The Summit Club. Located in the heart of downtown Birmingham, the 32-story building encompasses an entire city block. With offices in Birmingham and Montgomery, Ala., the 110 lawyers at Maynard, Cooper, & Gale, P.C. provide a broad range of legal services to Fortune 500 companies as well as closely held businesses, partnerships, professional associations, charities and individuals. The services include real estate; municipal and public finance; litigation; corporate transactions and securities; banking and commercial; technology and intellectual property; governmental affairs; economic development; wills, estates and trusts; charitable planning; taxation; antitrust; labor and employment; environmental; and health care. Maynard, Cooper, & Gale is Alabama’s only member of Lex Mundi, an international association of more than 140 widely recognized independent law firms, which by membership gives the firm access to the very best in local legal expertise throughout the world. The firm is also Alabama’s only member of the Southern Law Network, a regional network of independent law firms. For more information, visit www.mcglaw.com.

Harbert Realty Services Aquires 50 Sites for AmSouth Bank

Tue, 15 Apr 2003 00:00:00 +0000

Harbert Realty Services’ Orlando office, headed by Vice President Wendy Krepak, in cooperation with Phil Salyers & George Elliott of the Tampa & Birmingham offices, represented AmSouth Bank in the acquisition of 50 sites last year. There were 35 in Florida totaling approximately $40 million in value.

Harbert’s Corporate Services Group is a commercial real estate service provider, advisor, and partner offering a broad range of transaction and advisory services to companies with real estate operating units throughout the United States. The Corporate Services Group functions as an extension of each client’s own staff by becoming an outsourced real estate department; delivering efficient real estate services to operational people in the field.

Contact: Wendy Krepak
Phone: 407.493.9659

Multi-Million Dollar Renovation of AmSouth Center

Wed, 16 Apr 2003 00:00:00 +0000

HRS served as Project Manager for the multi-million dollar renovation of AmSouth Executive Floor in the AmSouth Center, Birmingham, Alabama. Dallas-based Gensler was Project Architect and General Contractor was Brasfield & Gorrie.

Phil Salyers returns in a New Role with the Corporate Services Group

Fri, 19 Apr 2002 00:00:00 +0000

Phil Salyers has returned to Harbert Realty Services in April of 2002. His new role as a Vice President for the Corporate Services Group is a departure from his last position at Harbert. Salyers was part of the Investment Services Division.

Since 2000, Salyers began a successful due diligence and commercial appraising business, utilizing more than 20 years of commercial real estate experience. This opportunity enabled him to utilize his local contacts and resources while maintaining a working relationship with Harbert. In March 2002, Salyers was approached by Harbert and offered the new position with the Corporate Services Group. Salyers will utilize his investment, appraising, due diligence and marketing background in his new role on one of the Corporate Services Group most prestigious accounts.

Harbert welcomes Salyers back and introduces him to the Corporate Services Group out of the Westshore / Tampa office.

AmSouth Renovation — Orlando, Florida

Tue, 22 Apr 2003 00:00:00 +0000

AmSouth used HRS as Project Manager for a major renovation of two floors at the AmSouth Center in Orlando, Florida. ASD, Orlando, was the Project Architect and Interstruct was the General Contractor.

Harbert Realty Services Wins Listing for Second Tallest Office Building in Mobile

Thu, 24 Apr 2008 00:00:00 +0000

Harbert Realty Services (“HRS”) has been selected as Exclusive Marketing Advisor for the sale of the Amsouth Bank Building in downtown Mobile, Alabama. HRS will bring its investment sale expertise and its knowledge of both Mobile and the value-added investor market to the assignment. HRS’s George McKenney and Rich Krepak are the Marketing Agents and Advisors for this project.

This building was formerly known as the First National Bank Building and plays a prominent role in the Mobile office market and skyline. The building offers great views of Mobile Bay and is located in the heart of the central business district. One of the principal features is the 28,000 square feet of street level retail space. This space will create a variety of options for prospective tenants as it will service not only the existing office tenants, but nearby hotel guests and downtown visitors.

The 33 story building is 291,070 square feet and offers a six story parking garage holding 483 parking spaces. The building is listed for $11.5 million. Additional information can be found at the following link:

Click here to view additional information

New Corporate Services Client — Avocent Corporation

Thu, 15 May 2003 00:00:00 +0000

Avocent Corporation has engaged Harbert Realty Services of Birmingham, AL as their global corporate real estate advisor.

Avocent Corporation, (NASDAQ: AVCT), the leading global provider of KVM switching and network connectivity appliances, is the nations seventh fastest growing technology company as ranked in Business 2.0 magazine’s top 100.

Headquartered in Huntsville, Alabama, Avocent has over 20 locations throughout the United States, Canada, Europe and Asia. Avocent’s KVM solutions are distributed by the world’s largest server manufacturers and installed in Fortune 100 companies around the world.

Harbert Realty Services, with eight offices nationally, a European presence and continually expanding, is one of the nations premiere Corporate Real Estate Services providers - servicing Fortune 1000 clients globally.

”With an aggressive growth strategy, that includes acquisitions as well as an increased number of facilities globally, we saw an excellent match between our current and future real estate requirements and the proven corporate service capabilities of Harbert Realty Services.” Avocent, VP and CAO Teddy Blankenship.

Harbert Hires Corporate Services Team Member in Orlando Market

Mon, 20 May 2002 00:00:00 +0000

Harbert Realty Services announces the opening of its new Orlando office with the addition of Wendy Krepak, Vice President, of the Corporate Services Group. Krepak will play an integral role in Harbert’s Central Florida operations while managing client-specific needs in Orlando.

Krepak joins Harbert from Advantis (a St. Joe Company), where she was a Senior Director of Office Services. Prior to Advantis, she held positions with both CNL and Faison where she gained a wealth of real estate knowledge of the Orlando and Central Florida markets. Harbert selected Krepak because she is qualified to lead the Corporate Services’ efforts to reestablish an Orlando presence, expanding Harbert’s platform in Florida. Krepak is a CCIM candidate and a member of NAIOP and CREW.

Harbert welcomes Krepak and introduces her to the Corporate Services Group where she will be able to utilize her more than 17 years of commercial real estate experience in the Orlando area.

Harbert Opens New Orlando Office

Mon, 10 Jun 2002 00:00:00 +0000

Harbert Realty Services is pleased to announce the opening of its new office in Orlando, Florida. As a complement to its existing presence in both Tampa and Ft. Lauderdale, Harbert will now be able to expand its service area to clients in the western, southern, and central Florida markets.

Harbert has a rich history in the Orlando area with the development, leasing, and sale of Maitland Green; a highly prominent two-phase office complex comprised of more than 193,000 square feet of space on over 13 acres in the premier suburban office submarket of Metro Orlando. The new Corporate Services Group’s presence will serve as a platform for Harbert’s reemergence into Orlando’s office market, capitalizing on Harbert’s more than 17-year reputation in the area.

Since the hiring of Vice President Wendy Krepak in the Orlando office, Harbert has enhanced its ability to cater to and provide results for AmSouth’s expansion efforts. Krepak’s knowledge of the local office market, in addition to her leasing background, will serve as an opportunity for Harbert to gain additional exposure and revenue with Sanlando Center. The Class B, 121,000 square-foot project has approximately 30,000 square feet available and it is located in the Longwood area, a suburb of Orlando. Krepak brings the former Advantis listing to Harbert. In addition to her new role on the AmSouth account, Krepak will launch a third-party leasing venture, expanding Harbert’s overall capabilities in Orlando.

Nashville, Tennessee office established; Orlando, Florida office relocates

Fri, 20 Jun 2003 00:00:00 +0000

Harbert Realty Services announces the opening of their Nashville, Tennessee office and the relocation of their Orlando, Florida office. Karen Johnson will head the team of professionals in Nashville, serving as the Senior Transaction Manager.

In Orlando, in addition to our new office, we have added to our team of exceptional employees to better serve our clients. Joining the team is Rich Krepak and Cheri Smith.

The Corporate Services Group provides services that are directed towards each client’s entire portfolio by offering lease transaction services, lease administration, dispositions & acquisitions, market research & studies, asset management, real estate accounting, strategic & operational consulting, and construction & project management.

Harbert Opens First Office West of the Mississippi

Thu, 01 Aug 2002 00:00:00 +0000

Harbert Realty Services is opening its newest office in Dallas. The company will now have a presence in Texas, expanding its already growing capabilities beyond the Southeastern United States.

The Corporate Services Group of Harbert will lead this effort by introducing the new Vice President of Marketing, Mark Daniel, to the area as the Company’s educator and leader in Business Development. The new Corporate Services Group’s presence will serve as a platform for Harbert’s growth in Dallas and other metropolitan areas in Texas.

Harbert’s Corporate Services Group is a commercial real estate service provider, advisor, and partner offering a broad range of services to companies with significant real estate operating units throughout the Southeast and now Texas.

The Corporate Services Group’s services are directed towards each client’s entire portfolio by offering lease transaction services, lease administration, dispositions & acquisitions, market research & studies, asset management, real estate accounting, strategic & operational consulting, and construction & project management.

Harbert Realty Services awarded national exclusive to represent home health care leader, Amedisys, Inc

Mon, 19 Sep 2005 00:00:00 +0000

Harbert Realty lands multi-year, exclusive national agreement with Leading Health Care provider Amedisys, Inc.

Ranked 4th by Forbes, in their 200 Best Small Companies List for 2004, Amedisys, Inc. is a leading provider of home health care and nursing services. The company operates over 200 sites across 16 southeastern and Mid-Atlantic States. In 1994, the Company became public and currently trades NASDAQ: AMED

Following an in depth, national search by Amedisys, for a National Corporate Services Real Estate provider, Harbert Realty Services was awarded the assignment and will represent Amedisys nationally in their continued growth requirements and provide research, site selection, new lease negotiations, facilitate all acquisitions as well as lease administration and real estate accounting services.

The Baton Rouge, LA based Amedisys plans to grow via acquisitions and by opening new locations in order to provide services in large and small cities in current geographic market.

In August 2005 Amedisys, announced its acquisition of the home health assets of Louisville, Kentucky-based SpectraCare Home Health Services, Inc., including locations in Ohio, Indiana and the Certificate of Need (C.O.N.) states of Kentucky and Tennessee. Additionally Amedisys also acquired NCARE Inc., a home health agency with locations throughout Virginia.

Harbert Realty Services is a majority owned subsidiary of Harbert Management Corp., which has assets of approximately $5 billion under management.

Harbert Realty provides property management, brokerage and corporate services nationally. Harbert Realty has offices nationwide and a London presence.

Additional information on the Company can be found on the World Wide Web – amedisys.com

Harbert Wins VF Account

Wed, 20 Sep 2006 00:00:00 +0000

Harbert Realty Services, Inc. (HRS) announces the execution of a multi-year exclusive real estate services agreement with VF Corporation – a Fortune 500 company (NYSE: VFC).

HRS services will include, but not be limited to portfolio lease administration and real estate accounting for over 7 million square feet of leased and owed property.

Second only to NIKE, as the nation’s largest apparel company, VF is the #1 jeans maker in the US. VF’s group of brands includes: H.I.S., Lee, Riders, Rustler and Wrangler jeans, Bestform, Lily of France, Vanity Fair, and Vassarette. Sports retailers: JanSport and Eastpak; Lee Sport, The North Face; Red Kap and Bulwark, Nautica and John Varvatos and Vans.

VF sells its branded apparel through various retail channels: department and specialty stores, mass merchants, and discounters. The company also sells apparel through a number of mall and outlet stores nationwide, as well as South America, Europe, and Asia.