Addicus Private Equity, LLC announces the name and concept for its new boutique hotel to open in the Automotive Historic District of Birmingham. The Painted Lady occupies the old Eyer-Raden Building, nestled in the revitalized Battery development steps aways from new restaurants. Addicus Private Equity is partnering with hospitality veteran, Lark Hotels, to oversee the management of the 22-room hotel. …

Harbert’s Casey Howard and Tanner Sumners had deals chosen as Costar Top Retail/Office Leasing Quarterly Deal Winners for Q1 2023. https://www.costarpowerbrokers.com/quarterly-deals-winners?market=206&quarter=Q1+2023&category=791 https://www.costarpowerbrokers.com/quarterly-deals-winners?market=206&quarter=Q1+2023&category=771   Harbert’s Charlie Norton was named as a top Office Leasing Broker and Norman Tynes was named as a top Retail Leasing Broker. Harbert Realty was also named a Top Sales Firm. https://www.costarpowerbrokers.com/annual-award-winners?market=206&year=2022   Congratulations Norman, Charlie, Casey, …

We are very excited to share with you the third episode in our new video series, Driven – A Harbert Series. Driven is a series of stories showcasing relationships between Harbert and our valued clients and partners. Our third episode highlights the development story of the new Red Mountain Theatre Arts Campus in the heart of Birmingham’s Parkside District. Red …

Harbert Retail’s Casey Howard and Lacey Scott represented the seller of a former car dealership that included a 24,000 SF freestanding building on 4 acres located at 42490 Highway 280 in Sylacauga, Alabama. The property, located in a growing retail corridor across the street from the new Circle K fuel center, sold for $900,000. Nearby retailers include Walmart, Home Depot, TJ Maxx, …

Harbert Retail’s Casey Howard and Lacey Scott represented the buyer of a Dunkin’ in a 1031 exchange purchase for $1,788,910 (5.5% Cap Rate). An experienced Dunkin’ operator with 36 locations across 6 states has entered into a long tern 20-year absolute NNN lease at the newly constructed Montgomery location.   The new Dunkin’ is located at 6300 Atlanta Highway, a …

Harbert Retail’s Casey Howard and Lacey Scott secured the $2.18M purchase of 1575 Montgomery Highway in Hoover, Alabama, for buyer Southern Immediate Urgent Care. This will be Southern Immediate Urgent Care’s 5th location in the State of Alabama. The building is ±4,900 SF and offers prime visibility at a signalized intersection along Highway 31, one of the busiest retail/medical corridors in …

Harbert Realty’s John Tally and Charlie Norton represented the building seller of 2118 7th Avenue South to the owners of Craft’s on Church Street, a well known chicken and sandwich restaurant currently located on Church Street in Crestline Village. The new 7th Avenue restaurant will be Craft’s second location and will offer the same menu options as the successful Church …

Harbert Retail’s Casey Howard represented the Landlord at Cahaba Park Plaza, a retail center on US Hwy 280, in a deal with PhysioBaby Therapy and Wellness. PhysioBaby provides concierge physical therapy and wellness services for infants and children in Texas and Alabama. The Harbert team has now successfully leased this up this center. Other tenants include Pinspiration Birmingham, Salon De Amici …

The law firm of Baker Donelson has signed a lease to relocate its Birmingham office to 1901 Sixth Avenue.   Baker Donelson, which is one of the city’s largest law firms, will move in early March from its current home in Shipt Tower to the building previously known as Regions Harbert Plaza. Initially, the Firm will occupy the 24th and …

Each year, The Birmingham Business Journal unveils their CRE Deals of the Year. We are excited to announce that the Inverness Center North Sale has been named as one of the top deals for 2022! Congratulations to Harbert Realty’s Executive VP West Harris for his dedication to this sale! Read the article from the BBJ   ABOUT THE SALE: Harbert …