Harbert Realty Represents Buyer and Seller in Ideal Building Transaction

A local investment group made another big Birmingham buy this week.  Lemak Prattville Clinic, LLC, an entity owned by Matthew Lemak and Dr. Lawrence Lemak,  acquired The Ideal Building Lofts, a 6-story mixed-use multi-family/retail building located at 111 19th Street N. in Downtown Birmingham for $4.5 million, or $168.68 per square foot. Casey Howard and Charlie Norton with Harbert Realty …

Harbert Retail Welcomes New Team Member Thom Hickman as VP of Development/Brokerage

Thomas (Thom) Hickman joins Harbert Retail as Vice President of Development/Brokerage. In Thom’s 35- year career, he has been involved in over 25 million square feet of retail and commercial development across the United States. Thom’s experience includes site selection, anchor tenant and big-box leasing and development of regional shopping centers, power centers, community centers, professional office buildings and single …

Harbert Retail Represents Seller and Buyer in Dunkin’ Investment Property Sale

Harbert Retail’s Casey Howard and Lacey Scott represented the Seller, Moflehi Investments, LLC, in the investment sale of the new Dunkin’ location at 300 Commons Drive, Birmingham, AL. Howard also represented the Buyer, 300 Commons Partners, LLC, in the deal. The property sold for $1.475 million, yielding a 6% cap rate. Harbert Retail’s Casey Howard and Lacey Scott represented the …

EyeCare Associates Leases Space Along Lakeshore Parkway

EyeCare Associates has leased 3,929 SF at 225 State Farm Parkway located along the busy Lakeshore Parkway retail corridor. Harbert Retail VP Casey Howard represented the landlord in the deal. EyeCare Associates focusses on eye care services including routine eye exams, preventative care and treatments, as well as offering customized lenses. The company has multiple Birmingham locations and locations nationwide. …

Strayer University Moving to Two North Twentieth Building

A private university is moving its Birmingham campus from Grandview Parkway off U.S. 280 to downtown. Strayer University is taking 6,000 square feet on a long-term lease at 2 North 20th St. The space is expected to be complete by mid July. Harbert Realty Vice President Tanner Sumners represented the landlord. The Washington, D.C.-based school had been operating at 3570 …

Dunkin’ to Open New Location in Birmingham, Alabama. Harbert Retail Represents Franchisee

Dunkin’ will be opening its second Birmingham location along Lakeshore Parkway at 300 Commons Drive, on June 9th. Harbert Retail’s Casey Howard and Lacey Scott represented the Dunkin’ franchisee, Bluemont Group, in the lease for the 3,610sf doughnut and coffee store, which will have a new modern design and in-store innovations, including a cold beverage tap system and Dunkin’ on …

Harbert Realty Services Represents Buyer in Purchase of Founders Station – Harbert to Handle Leasing and Management at the Development

A commercial real estate investor based in Michigan continues to buy property in the Magic City despite the coronavirus pandemic. Last week, Michael Yi bought Founders Station plaza, a historic property that was redeveloped by Orchestra Partners for mixed-use. It was a deal involving several local players including Charlie Norton of Harbert Realty Services, which is managing retail at the development moving forward.  Mason …

HERO: Harbert Management Corp. Awards Over $1M in Grants to Small Businesses

The HERO Small Business Relief Fund created by Harbert Management Corp. and its employees has awarded more than $1 million to small businesses in the Birmingham area. The fund, launched in April in response to the challenges facing local businesses due to Covid-19, received more than 330 applications and was able to fund approximately 20% of applicants with an average …