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2013

GRAHAM REPORT • 2013 1EXECUTIVE SUMMARY

GRAHAM REPORT • 2013

GRAHAM REPORT/2013BIRMINGHAM, ALABAMA

Copyright 2013. Reproduction, in whole or part, of this report is prohibited.

TABLE OF CONTENTS

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

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

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

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

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

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

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

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

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

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

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

GRAHAM & COMPANY ACTIVITIES/2012 . . . . . . 35

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

Graham & Co also publishes the annual Birmingham Offi ce Market Survey.

Information deemed reliable, but not guaranteed.

OVERVIEW:

EXECUTIVE SUMMARY 2

The 2012 year provided positive net absorption, but at a slower pace than 2011. Economic drivers

for Birmingham’s industrial economy continued to be dependent on automotive and manufacturing. On a state note, Hyundai in the Montgomery market added a 3rd shift , and Airbus launched a new $600m facility in Mobile. New development projects have been scarce, but there has been increased demand for most sectors as we close out 2012.

2012 rental rates decreased from the previous year for Bulk Distribution, and rates for Office/Warehouse increased slightly. Inflation rates and interest rates remained low.

Except for the small segment of Service Centers, modest positive absorption was noted in all sectors

with no one submarket markedly stronger. Occupancy remained relatively constant from 2010 and 2011 levels, and there remained a sizeable supply of sublease space, particularly in the South market. New projects for 2012 included the 1.0m sf distribution facility for Dollar General in Bessemer, and in the South submarket at the Shelby West industrial park, new development came on line in 2012: a distribution center for Crown Beverages, wholesale wine.

Sales of Freestanding Industrial Buildings continued apace but slower than 2011.

Th e recovery has become more of a process rather than an event. Th is may be the new normal as we look to 2013 with a sense of cautious optimism. Each year we thank our colleagues, clients and competitors for their eff orts

assisting us as we take pride providing another yearly review in the 2013 Graham Report.

Yours truly,

ALL AREASFREESTANDING

INDUSTRIAL BLDGS.TOTAL MULTI-TENANTWAREHOUSE MARKET

BULKDISTRIBUTION

OFFICE/WAREHOUSE

SERVICECENTER

Occupancy Rate 95.4% 83.6% 83.1% 84.5% 86.7%

Status Balanced Balanced Oversupply Balanced Balanced

Available Space 4,293,000 2,653,000 2,064,000 454,000 135,000

Total Market 92,913,000 16,133,000 12,181,000 2,937,000 1,015,000

Average Rate –– –– $3.69 $6.25 $11.76

New Space Rate –– –– $4.50 $6.75 $12.00

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

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

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

2009 (382,000) (327,000) (232,000) (96,000) 2,000

2008 1,361,000 (141,000) (206,000) (11,000) 75,000

Annual Absorption:

5 Yr. Avg. (2008-12) 743,600 6,800 20,400 (17,600) 4,000

Steve and Mike GrahamGraham & Company, LLC

GRAHAM REPORT • 2013 3

For the past decade, we have noted the importance of the automotive industry for our region and in particular for Birmingham. Automotive production,

as depicted on the front cover of our 2013 Graham Report, is a continued testi-monial to an economic strength that has kept the recent/current recession from turning into a full fl edged free fall. Year aft er year, suppliers have expanded, reorganized and otherwise provided a steady absorption of manufacturing and warehousing needs in our local market.

With the once controversial tax breaks aff orded Mercedes in 1992, Alabama embarked on a 20 year run of automotive manufacturing that looks to extend for decades to come. Th ese manufacturers have found receptive government and economic development agencies and a work force ready for training and production.

With the addition of the C class to the Mercedes line up, employment at the 3,000,000 sf Mercedes plant in Vance, Alabama exceeds 3,500 employees. Alabama chased the new VW plant and lost out to a site in Tennessee, but we have seen some ripple supplier eff ects back into Huntsville.

Honda at Lincoln along the I-20 corridor has had a major economic boost to east Jeff erson County, north to Gadsden and south to Sylacauga. Th e Honda plant comprises 2,800,000 sf and boasts a work force of 4,500. To a lesser extent, the Hyundai plant in Montgomery brackets the southern part of a major auto-motive corridor that extends through central and north Alabama.

Since 1999, the local supplier developments have been an economic engine for the Birmingham market. No less than 20 separate facilities have been leased, built or sold for facilities in excess of 2,700,000 sf. We expect the automotive sector to remain a major economic driver for our region, and local development agencies will continue to have the welcome mat out for any new opportunities.

Mike Graham, CPM, SIOR Steve Graham, MAI, CRE

Wheeling in the Year

COMMENTARY

GRAHAM REPORT • 2013INDUSTRIAL GROUP 4

JORDAN W. TUBBASSOCIATE, INDUSTRIAL GROUP

[email protected]

JOINED GRAHAM & CO: 2007

AFFILIATIONS/HONORS:

• Lifetime Member, Birmingham

Association of Realtors Commercial

Real Estate Club of Excellence,

Rookie of the Year Award 2008

• Member NAIOP – Alabama Chapter

• Member, Rotaract Club of Birmingham

CLIENTS INCLUDE:

• Southern Comfort Conversions • Unifi ed Design & Mfg

• Tennessee Valley Metals • Sears Home Improvement Products

• Charter Communications • Ram Tool • Marjam Supply Co.

JOHN COLEMAN, SIOR

VICE PRESIDENT,

INDUSTRIAL GROUP

[email protected]



• SIOR Industrial Specialist


Board Member &

Program Chair 2006-2008

• Lifetime Member, Birmingham Association of Realtors

Commercial Real Estate Club of Excellence

• Eyesight Foundation of Alabama, Trustee

• Kiwanis Club of Birmingham

• National Multiple Sclerosis Advisory Council 2011

• Industrial Advisory Board – Xceligent

CLIENTS INCLUDE:

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

• Fleetpride • Georgia Pacifi c • US Steel • TSF Sportswear

• Guardian • RX Benefi ts • McWane Pipe

OGDEN S. DEATON, SIOR

SENIOR VICE PRESIDENT,

INDUSTRIAL GROUP

[email protected]



• Birmingham Association of Realtors

Top Commercial Producer Award:

2001, 2002, 2005, 2007, 2008,

2009, 2010


Broker of the Year 2008, 2009

• SIOR Industrial Specialist Designation 1994,

Chapter President 2007


Commercial Real Estate Club of Excellence, Vulcan Award 1998,

20-Year Award 2007

• Birmingham Business Journal “Top Forty Under Forty” Award

CLIENTS INCLUDE:

• BNSF Railway • Rainbird • Georgia Pacifi c • AT&T

• Caterpillar Logistics • Thyssen Krupp • Goodyear

• Wells Fargo • O’Neal Steel • Cascades Sonoco

JACK BROWN, SIOR


INDUSTRIAL GROUP

[email protected]



• SIOR Industrial Specialist


President 2011

• Birmingham Business Alliance,

Board Member 2011


Commercial Real Estate Club of Excellence,

Vulcan Award 2006

• Industrial Advisory Board – Xceligent

CLIENTS INCLUDE:

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

• Magna International • MacLean-Fogg • Nucor Steel

• Regions Financial • National Bank of Commerce • Cintas

SONNY CULP, SIOR


INDUSTRIAL GROUP

[email protected]



• Birmingham Association of Realtors

Top Commercial Producer Award:

1994, 1995, 2000, 2001, 2002, 2004,

2006, 2007, 2009, 2010, 2011

• SIOR Industrial Specialist Designation 1992,

Chapter President 2001, Regional Director 2007


Commercial Real Estate Club of Excellence,

Vulcan Award 1999, 20-Year Award 2008

• Board Chair, Restoration Academy

www.restorationacademy.org

CLIENTS INCLUDE:

• Mercedes Benz • Norfolk Southern Railroad • Michelin

• Sysco Foods • Ford Motor Land • Isuzu Corporation

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

GRAHAM REPORT • 2013 5CENTRAL


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

CENTRAL

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

CBD

CENTRALBULK

DISTRIBUTIONOFFICE/

WAREHOUSESERVICECENTER

TOTALMARKET

Occupancy Rate 84.6% 84.0% 90.7% 84.9%

Status Oversupply Oversupply Balanced Oversupply

Available Space 555,000 56,000 20,000 631,000

Total Market 3,600,000 351,000 215,000 4,166,000

Average Rate $2.83 $5.41 $11.17 ––

New Space Rate $4.75 $6.50 $11.00 ––

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

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

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

2009 (86,000) (31,000) 2,000 (115,000)

2008 (134,000) (7,000) 25,000 (117,000)

Annual Absorption:

5 Yr. Avg. (2008-12) (61,200) (8,200) 3,600 (65,800)

The Central market is the 2nd largest submarket by square feet and is more urban than other submarkets. Occupancy was up for 2012 to almost 85%, but still in a

state of oversupply. Average rental rates for Bulk Distribution were down, but up for Offi ce/Warehouse and Service Centers.

Although very modest, the 41,000 sf of positive absorption for Offi ce/Warehouse breaks a 4 year run of negative absorption. With just a slight increase in deal fl ow for 2013, this sector should move into a state of balance. New leases and/or sales of note for 2012 in this submarket included:• Saddle Creek Logistics Services took 224,000 sf at BN Park in Ensley. • Wittichen Supply Company purchased a 95,000 sf warehouse near Downtown for expansion of their HVAC/refrigeration parts buisness.

CENTRAL 6


No.*Property(Leasing)

BuildingSize (SF)

LocationYearBuilt

Loading Construction RailHeadRoom

Sprinklered%

OfficeRent/

SFOccupancy Remarks

1Birmingham Food Terminal(EGS Commercial)

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

Dock highDrive-in

Concrete tilt-up Yes 20' Yes 5% 4.30Gross

69% 313,590 sf Available

2Continental Gin(Southpace Properties)

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

Dock highDrive-in

Block & Brick Yes20'–40'

Yes 10% 2.00Ind Gross


3BN Park(Graham & Co)

453,6112500–270013th Street W, Ensley

19661969

Dock highDrive-in

Concrete tilt-up Yes20'–26'

Yes 2% 2.50 93% 30,000 sf Available

4Airport Highway Park(Graham & Co)

312,1533500 to 3700 Airport Highway

1975, 19791981

Dock highDrive-in

Block,Concrete tilt-up

Yes 22' Yes 0% 3.25 95% 14,686 sf Available

5Doc’s Warehouse(Graham & Co)

209,816 3221 1st Avenue No.19521970

Dock high Concrete tilt-up Yes18'–22'

Yes 1% 3.95 100%

6Avondale Commerce Park(EGS Commercial)

194,200 3900 1st Avenue No.19801991

Dock highDrive-in

Concrete block Yes 18' Yes 20% 5.25Gross


7Post Offi ce Annex(Graham & Co)

178,174 4500 1st Avenue So.19701984

Dock high Concrete tilt-up Yes 30' Yes 5% 3.25 100%Former McRae’sWarehouse

8Vanderbilt Distribution Ctr. (Graham & Co)

161,900 3340 Vanderbilt Rd.19622006

Dock high Block & Brick Yes17'–25'

Yes 5% 2.60 100%

98th Ave. Warehouses(Barber Companies)

101,000 3300 8th Avenue No. 1965 Dock high Concrete tilt-up Yes 20' Yes5%– 15%

3.25 76% 24,000 sf Available

10Bermco(Watts Realty)

96,0005th Avenue No.& 32nd Street

1979Dock highDrive-in

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

11Republic Industrial Park(Engel Realty)

64,400 Republic Blvd., Ensley 1975 Dock high Concrete tilt-up No 20' Yes 10% 3.25 92% 5,500 sf Available

123rd Ave. No. Warehouse(Barber Companies)

48,0002911-29233rd Avenue No.


Metal Yes 15' No Up to 10%

2.95 100%

13Ferguson Warehouse(Sloss Real Estate)

42,000 2800 2nd Avenue So. 1968 Dock high Concrete tilt-up Yes 24' Yes 35% 3.50 100%

143rd Ave. So. Warehouse(Barber Companies)

35,000 3501 3rd Avenue So. 1955 Dock high Block & Brick No15'– 18'

No 10% 3.25 43% 20,000 sf Available

15Montcreek Distribution(Watts Realty)

24,00015th Street &3rd Avenue So.

1979 Dock high Concrete tilt-up No 20' Yes 5% 6.50 88% 3,000 sf Available

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

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

Block & Brick No 14' No 10% 3.00 100%

17Wahouma Space Center(EGS Commercial)

22,00065th Street &3rd Avenue No.

1979 Dock high Block & Brick No 14' No 20% 3.25Gross


Multi-Tenant Survey/2013

Bulk Distribution (Over 20,000 SF)

CENTRAL



BuildingSize (SF)

LocationYearBuilt


Sprinklered%

OfficeRent/

SFOccupancy Remarks

6Avondale Commerce Park(EGS Commercial)

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


Concrete block No14'–16'

No 30% 6.00Gross


18Graymont Center(EGS Commercial)

69,000Graymont Avenue &8th Street West

1978 Dock high Block No 14' No 10% 3.00 100%


BuildingSize (SF)

LocationYearBuilt


Sprinklered%

OfficeRent/

SFOccupancy Remarks

19White Dairy(Barber Companies)

86,000 2700 7th Avenue So. 1984 Dock high Concrete tilt-up No 18' No 15% 9.50 97% 2,875 sf Available

20University Park(Earl Ryan)

62,500 1200 3rd Avenue So. 1985 Drive-in Concrete tilt-up No 12' No 100% 10.75 76% 15,000 sf Available

21Arlington Business Center(Watts Realty)

45,000 1500 5th Avenue So. 1985 Drive-in Concrete tilt-up No 10' No 100% 16.00 100%

22Southside Business Center(EGS Commercial)

21,750 2501 5th Avenue So. 1984 Drive-in Block & Brick No 13' No 30% 9.00Gross


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

LEGEND Office Warehouse

Service Center (Over 50% Office)

Office/Warehouse (Under 20,000 SF)

8CENTRAL

GRAHAM REPORT • 2013 9OXMOOR


In spite of very attractive and modern developments in the west end of the Oxmoor Valley, this submarket continued to struggle, marking the 5th consecutive year with

negative absorption. Rates were either fl at or down for Bulk and Offi ce/Warehouse. Overall occupancy at below 80% underscores a demand curve that has turned its

sights to the newer and more outlying submarkets. Th e Oxmoor product is aging with lower ceiling heights and a diminishing appeal.

More and newer projects along the Lakeshore corridor will eventually change the course of this older submarket.

New leases/sales for 2012 in the Oxmoor submarket are noted below:• Sale of the 220,000 sf Stevens Graphics facility for a food related entity; the presence of the CSX rail here was a factor in this transaction. • Sale of the 115,000 sf former Caremark facility to Hibbett Sports for its new HQ. • Sale of a 45,000 sf warehouse at 350 Industrial Drive for a price in excess of $54.00 psf. • Dollar General opened its 1,000,000 sf distribution facility in Bessemer at the west end of the Oxmoor Valley.

Oxmoor(Oxmoor Road, West Lakeshore, Homewood)

OXMOOR

CBD

OXMOORBULK

DISTRIBUTIONOFFICE/

WAREHOUSESERVICECENTER

TOTALMARKET

Occupancy Rate 79.4% 70.7% 80.2% 77.1%

Status Oversupply Oversupply Oversupply Oversupply

Available Space 342,000 232,000 69,000 643,000

Total Market 1,663,000 792,000 348,000 2,803,000

Average Rate $4.22 $6.13 $10.23 ––

New Space Rate $4.75 $ 6.95 $12.50 ––

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

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

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

2009 (161,000) (15,000) 3,000 (173,000)

2008 (71,000) (24,000) 3,000 (91,000)

Annual Absorption:

5 Yr. Avg. (2008-12) (66,400) (17,200) (3,600) (87,200)

OXMOOR 10





BuildingSize (SF)

LocationYearBuilt


Sprinklered%

OfficeRent/

SFOccupancy Remarks

23Oxmoor South Industrial Pk.(EGS Commercial)

528,430 Oxmoor Court1990, 1992


Concrete tilt-up No24'–27'

Yes 15% 3.75 87% 71,000 sf Available

24Distribution Center(Graham & Co)

515,000Distribution Drive,West Oxmoor


Concrete tilt-up Yes 20' Yes 9% 4.50 81% 97,375 sf Available

25Lyon Lane(Graham & Co)

196,120240 Lyon Lane250 Lyon Lane260 Lyon Lane

199819991999

Dock highDrive-in

Concrete tilt-upMetal

No 22' Yes 10% 4.75 73% 52,360 sf Available

26Shades CreekBusiness Park(EGS Commercial)

195,841 Shades Creek Circle 2000Dock highDrive-in


No24'–25'

Yes 5% 4.15 54% 89,807 sf Available

27Birmingham #2(Graham & Co)

79,095Citation Court,Homewood

1982 Dock high Concrete tilt-up Yes 22' Yes 3% 4.25 100%

28Birmingham #1(Graham & Co)

78,000West Oxmoor& Snow Drive

1980 Dock high Concrete tilt-up No 22' Yes 30% 5.50 81% 14,635 sf Available

29Oxmoor South Building V(Barber Companies)

70,300 Oxmoor Court 1994Dock highDrive-in

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


BuildingSize (SF)

LocationYearBuilt


Sprinklered%

OfficeRent/

SFOccupancy Remarks

30Oxmoor Center(Engel Realty)

151,300 131 West Oxmoor 1974Dock highDrive-in

Block & Stucco No 20' Yes20%–25%

7.00 75% 38,429 sf Available

31Oxmoor Warehouses(Engel Realty)

142,265 Oxmoor Circle 1973 Drive-in Precast concrete No 12' No 25% 7.00 67% 47,265 sf Available

32Oxmoor Business Park(Universal DevelopmentCorporation)

138,110Citation Court,Homewood

197619781982

Dock highDrive-in

Block, Stucco& Glass

No12'–16'

No 25% 5.00 59% 57,300 sf Available


OXMOOR



33Lakeshore CrossingsBusiness Center(Engel Realty)

59,891 1030 London Drive 2003 Dock high Concrete tilt-up No 21' Yes BTS 8.50 38% 37,329 sf Availabl

34Wilkerson Warehouses(Graham & Co)

55,330115A-GWalter Davis Drive


Metal & Brick No16'–18'

No 5% 5.75 74% 14,250 sf Available

35230 Oxmoor Circle(JH Berry & Gilbert)

49,500 230-232 Oxmoor Circle 1972 Drive-in Precast concrete No 14' No 75% 5.75 64% 17,720 sf Available

36Oxmoor West Service Ctr.(Leitman-Perlman)

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

8.00 100%

37Oxmoor Court(Morris Properties)

44,953156 Oxmoor Court130 Oxmoor Court110/120 Oxmoor Court

199519971999

Dock highDrive-in

Concrete tilt-up& Brick

No 14' No 15% 6.35 79% 9,584 sf Available

38Atlas – Industrial Lane(Graham & Co)

35,528 Industrial Lane19881994

Dock highDrive-in

Metal No 16' No 20% 6.25 100%

39Oxmoor Midi Warehouse(Engel Realty)

36,425280 Snow Drive,West Oxmoor


Metal/Block No 20' NoUp to20%

7.00 72% 10,300 sf Available

40West Park Drive(Southpace Properties)

33,300 West Park Drive 2000Dock highDrive-in

Block No 16' No 30% 7.00 100%


BuildingSize (SF)

LocationYearBuilt


Sprinklered%

OfficeRent/

SFOccupancy Remarks

41Forum Business Park(Barber Companies)

84,180Oxmoor Road& Barber Court

1983 Drive-in Precast concrete No 14' No 75% 8.50 75% 21,259 sf Available

42Crescent Center(Barber Companies)

78,000Summit Parkway,Homewood

1988 Drive-in Concrete tilt-up No 13' No 80% 8.50 77% 17,618 sf Available

43Centurion Square(Barber Companies)

70,944Oxmoor Road& Barber Court

1983 Drive-in Precast concrete No 9' No 90% 10.50 92% 5,958 sf Available

44201 London Parkway(Graham & Co)

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

No 14' Yes70%–100%

12.50 73% 15,514 sf Available

45100 London Parkway(Graham & Co)

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

No 14' Yes 100% 12.50 85%8,951 sf SubleaseAvailable



12OXMOOR

GRAHAM REPORT • 2013 13WEST


The West submarket fi nished 2012 in a balanced state with a slight increase in occupancy to 87.3%. Positive absorption slowed from the very strong pace of 2011.

Over 90% of this submarket is comprised in newer Bulk Distribution space, which expe-rienced a slight decline in rental rates to an average of $4.21 psf. Landlords wisely eased rental rates at renewal rather than enter the chase to back fi ll vacant space.

Major renewals occurred at the Jeff Met Park, and new automotive supplier deals were the high points for this submarket. Th e new 350 acre Norfolk Southern Intermodal facility offi cially opened in the Fall of 2012, and economic development agencies anticipate increased activity associated with the new infrastructure.

New leases and/or sales for 2012 in this submarket included:• Decoma (automotive) renewed its manufacturing operation of 120,120 sf at Jeff Met.• G&B Global (logistics-automotive) is a new lease of 60,060 sf at Jeff Met.• Th yssenKrupp broke ground on a new 100,000 sf facility in Woodstock along the I-59 corridor, just southwest of Birmingham. • BellSouth/AT&T renewed 110,000 sf at Perimeter Industrial Park (I-459) in Bessemer.

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

WEST

CBD

WESTBULK

DISTRIBUTIONOFFICE/

WAREHOUSETOTAL

MARKET

Occupancy Rate 87.0% 94.3% 87.3%

Status Balanced Shortage Balanced

Available Space 452,000 10,000 462,000

Total Market 3,474,000 176,000 3,650,000

Average Rate $4.21 $5.78 ––

New Space Rate $4.35 $6.50 ––

Absorption: 2012 9,000 13,000 22,000

2011 334,000 17,000 351,000

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

2009 138,000 (4,000) 134,000

2008 78,000 9,000 87,000

Annual Absorption:

5 Yr. Avg. (2008-12) 156,000 4,600 160,600

14WEST





BuildingSize (SF)

LocationYearBuilt


Sprinklered%

OfficeRent/

SFOccupancy Remarks

46Jefferson Metropolitan ParkPhases 1, 2 & 3(Graham & Co)

920,920Jefferson MetropolitanParkway, McCalla

200420052006

Dock highDrive-in


47Perimeter Industrial Park(EGS Commercial)

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

19891994

Dock highDrive-in

Concrete tilt-up Yes 24' Yes 3% 3.25 47% 324,700 sf Available

48ACI(Synchronous)

600,00010095 Brosse Dr.,Vance

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

49Mercedes-BenzService Parts Warehouse(Graham & Co)

518,40011146 W Walker Rd.,Vance

2005 Dock highDuraluminum metal wall/band-ed windows

No 24' Yes 2% 4.50 100%U.S. Distribution Center, all AC

50Parkwest Distribution Center

208,0006000 GreenwoodParkway, Bessemer


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

51Parkwest Corporate CenterBuilding III(EGS Commercial)

127,500I-459 at Morgan Road,Bessemer


Concrete tilt-up No 24' Yes BTS 6.35 77% 48,600 sf Available

52BLG Facility(Synchronous)

122,500Legacy Industrial Park,Vance

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

53Legacy Building(Synchronous)

120,00010097 Brosse Dr.,Vance



54Perimeter Industrial ParkBuilding 2(Barber Companies)

110,800I-459 & EasternValley Road, Bessemer

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

55Parkwest Corporate CenterBuildings I & II(EGS Commercial)

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

19902007

Dock high Jumbo Brick No19'–21'

Yes 20% 6.15 62% 18,657 sf Available

56Academy Business Park(Southpace Properties)

57,600900 Powder Plant Rd.,Bessemer


Block & Metal No 24' Yes5%–10%

7.00 100%

WEST





BuildingSize (SF)

LocationYearBuilt


Sprinklered%

OfficeRent/

SFOccupancy Remarks

57Brooklane Business Center(Lumpkin Development)

107,150Brooklane Road,Hueytown

1981, 19901993, 1994

Dock highDrive-in

Block & StuccoMetal

No12'–16'

No 24% 5.00 95% 5,400 sf Available

56Academy Business Park(Southpace Properties)

68,600Powder Plant Road &Shirley Park DriveBessemer


Block & Metal No 20' Yes 20% 7.00 93% 5,000 sf Available


WEST 16

GRAHAM REPORT • 2013 17SOUTH


The South submarket fi nished 2012 in an overall balanced state. Th e oversupply in the Bulk category was consistent with the negative 50,000 sf absorption. Rental

rates were up slightly in both the Bulk and the Offi ce/Warehouse segments. Th e over-hang of available space for sublease still impacts this submarket. Th is block of space will be the next to fi ll up with the next large need for distribution space.

Th e product for this submarket is modern with very good ceiling heights and loading capacities. Th e quality product will eventually match up with demand, which will come with improved confi dence in our national economy.

New leases and/or sales of note for 2012 in this submarket include: • Sale of the 43,000 sf Builders FirstSource Warehouse in Chelsea.• Hibbett Sports purchased a 59 acre site at Shelby West for a new 360,000 sf distribution center. • Crown Beverage (wholesale wine, beer) occupied its new 175,000 sf distribution complex at Shelby West.

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

SOUTH

CBD

SOUTH BULKDISTRIBUTION

OFFICE/WAREHOUSE

SERVICECENTER

TOTALMARKET

Occupancy Rate 78.0% 90.7% 89.8% 83.4%

Status Oversupply Balanced Balanced Balanced

Available Space 534,000 125,000 46,000 705,000

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

Average Rate $3.88 $6.59 $13.23 ––

New Space Rate $4.35 $7.80 $12.50 ––

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

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

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

2009 (76,000) (33,000) (3,000) (112,000)

2008 (141,000) 8,000 47,000 (86,000)

Annual Absorption:

5 Yr. Avg. (2008-12) (32,800) 5,600 4,000 (23,200)

SOUTH 18



19

BIRMINGHAM, AL

BUILDING LOCATIONS

20BUILDING LOCATIONS





BuildingSize (SF)

LocationYearBuilt


Sprinklered%

OfficeRent/

SFOccupancy Remarks

58Shelby Commerce Park(Graham & Co)

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

2001, 2002,2005

Dock highDrive-in


Yes 2% 3.75 71% 447,000 sf Available

59Calera Distribution Center(Graham & Co)

270,60041 North IndustrialParkway, Calera



No 28' Yes 0% 3.65 84% 42,900 sf Available

60Shelby West Distribution Ctr.(EGS Commercial)

250,0001840 Corporate Woods Drive, Alabaster



61Shelby West Commerce Ctr.(EGS Commercial)

154,000175 Airview Lane, Alabaster



62Cahaba Valley Business Park(EGS Commercial)

117,244200 Cahaba ValleyParkway, at I-65Pelham


Brick & Block No 24' Yes 100% 4.50 100%

63Valleydale Business Center(EGS Commercial)

110,000Business Center Drive, Pelham


Concrete tilt-up No 24' Yes 15% 4.50Gross



BuildingSize (SF)

LocationYearBuilt


Sprinklered%

OfficeRent/

SFOccupancy Remarks

62Cahaba Valley Business Park(EGS Commercial)

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

1992–2000

Dock highDrive-in

Block & Brick No13'–18'

No 25% 7.00Gross


64Chandalar Business Park(Lumpkin Development)

161,100Chandalar Drive, Pelham

1993, 19941996

Drive-inDock well

Metal No 16' No 85% 6.20 100%

65Riverchase Business Park(Engel Realty)

158,500 255 Riverchase Pkwy.1979, 1980


Precast concrete No 15' Yes 30% 7.00 94% 10,200 sf Available

66Alabaster South(Lumpkin Development)

144,700Scotland DriveAlabaster

2001Drive-inDock well

Metal No 16' No 24% 4.60 89% 15,750 sf Available

63Valleydale Business Center(EGS Commercial)

76,600Business Center Drive,Pelham

1989Dock high Drive-in

Block & Brick No13'–18'

Yes 25% 7.50Gross


67Oak Mountain Business Park(Lumpkin Development)

71,250Commerce Parkway,Pelham

19941996

Drive-in Metal No 16' No 24% 5.25 100%

68Hoover East(Joseph Companies)

67,000 2260 Rocky Ridge Rd.19801986

Drive-in Metal & Brick No14'–16'

No 25% 6.25 93% 4,800 sf Available


SOUTH


69Lorna Lane(Graham & Co)

54,3983419-3441 Lorna Lane,Hoover

19681980

Dock highDrive-in

Block & Metal No14'–18'

No 15% 4.85 68% 17,000 sf Available

70Hoover Business Park(Hoover Business Ctr., Ltd.)

47,4003500 Lorna Ridge Rd.Hoover

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

No 40% 8.90 88% 5,800 sf Available

71Cahaba Valley Service Ctr.(Graham & Co)

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

1993 Dock high Block No16'–20'

No 10% 8.95 100%

72Commerce Park(Wyatt Realty)

34,0751001-57 CommerceCircle, Pelham

1987, 19881989

Drive-in Metal No 14' No 30% 7.00 65% 11,850 sf Available

73Champion Boulevard(Graham & Co)

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


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

74Lorna Eight(Watts Realty)


1981 Dock high Block No 16' No 50% 4.50 100%


BuildingSize (SF)

LocationYearBuilt


Sprinklered%

OfficeRent/

SFOccupancy Remarks

752100/2200/2300Riverchase Center(Colonial Properties)

305,6112100-2300Riverchase Center

1980, 1984 1991

Dock highDrive-in

Brick & BronzeGlass

No11'–15'

No80%–100%

13.50 91% 29,161 sf Available

76Riverhills Business Park(Barber Companies)

109,825 U.S. Highway 280 1986 Drive-in Brick No 14' Yes 100% 13.25 87% 14,300 sf Available

77Brook Highland Center(JH Berry & Gilbert)

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

2001 Drive-in Brick No 12' No 75% 13.00 86% 3,000 sf Available

69Lorna Lane(Graham & Co)


19681982

Dock highDrive-in

Block & Metal No12'–14'

No 50% 7.50 100%




SOUTH 22

GRAHAM REPORT • 2013 23EAST


This submarket has more owner/user product than multi-tenant warehouse. 2012 marked an overall positive absorption aft er 4 years of negative numbers. Occupancy

was up to a balanced state of 83.3%. Rental rates for Bulk dropped slightly. Aft er a big drop in rental rates for the Offi ce/Warehouse segment in 2011, there was a marked increase to over $6.00 psf, an 11% increase in 1 year.

New leases and/or sales of note for 2012 in this submarket included:• Isuzu sold its 293,000 sf facility in the Pinson Valley to Kamtek, automotive related stamping operation. • Sale of the 330,000 sf former Meadowcraft warehouse in the Pinson Valley to an assembly company. • Sale of 83,000 sf industrial plant at 140 Goodrich Drive to Waste Pro of Alabama. • Lease renewal of 140,000 sf tenant (electrical wiring - automotive) at Moody Commerce Park.

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

EAST

CBD

EASTBULK

DISTRIBUTIONOFFICE/

WAREHOUSETOTAL

MARKET

Occupancy Rate 82.0% 88.4% 83.3%

Status Oversupply Balanced Balanced

Available Space 182,000 31,000 213,000

Total Market 1,011,000 268,000 1,279,000

Average Rate $3.67 $6.33 ––

New Space Rate $4.35 $6.50 ––

Absorption: 2012 3,000 20,000 23,000

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

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

2009 (48,000) (14,000) (62,000)

2008 62,000 4,000 (58,000)

Annual Absorption:

5 Yr. Avg. (2008-12) (23,400) (2,400) (25,800)

EAST 24





BuildingSize (SF)

LocationYearBuilt


Sprinklered%

OfficeRent/

SFOccupancy Remarks

78Moody Commerce ParkPhases 1 & 2(Graham & Co)

384,000US 78 at I-20 Exit 47,Moody

20032007

Dock highDrive-in


79Cleage Drive(Graham & Co)

178,650170 Cleage Drive,Pinson Valley

19722007

Dock highDrive-in

Metal Yes17'–32'

Yes 2% 3.25 100%

80Multiple Distribution Center(Southpace)

152,000165 Goodrich Drive,Pinson Valley

19721978

Dock high Concrete block Yes 21' Yes 4% 1.25Ind Gross

100%

81Roebuck PlazaDistribution Center(Barber Companies)

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

1979 Dock high Concrete tilt-up Yes 18' Yes 10% 3.95 0% 92,500 sf Available

82Irondale Distribution Center(Graham & Co)

78,0002503 1st Avenue South,Irondale

1974 Dock high Concrete tilt-up Yes 20' Yes 2% 3.95 0% 78,000 sf Available

83Old Leeds Distribution Ctr. (Graham & Co)

71,000 4759 Alton Court 2000Dock highDrive-in


84Commerce SquareBusiness Park(EGS Commercial)

56,000Commerce Blvd.,Irondale



EAST



BuildingSize (SF)

LocationYearBuilt


Sprinklered%

OfficeRent/

SFOccupancy Remarks

85Commerce SquareBusiness Park(EGS Commercial)

172,200Commerce Square,Irondale

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


86Queenstown Industrial Park(B.I.R.)

62,500Queenstown Road,Irondale

19871989

Drive-in Metal & Brick No16'–18'

No 15% 5.00 100%

87Old Leeds Park(JH Berry & Gilbert)

32,900Alton Court &US 78 East, Irondale



No 30% 8.00 100%




EAST 26


Industrial Buildings

The year 2012 marked sales of industrial properties that showed continued improvement in the positioning of local product. New for 2012 were the sale

of several good quality industrial complexes for high dollar prices, some in excess of $50.00 psf. 2012 absorption dropped back to 800,000 sf, but as noted some of the transactions refl ected a big step over the lower priced sales of the past 3 years. Sales prices continued to show signs of stabilization and the glimmer of price increases as product supply dwindles and demand creeps back into the market.

Our industrial group closely tracks this market segment, and parcels that have been exposed to the market for in excess of 2 years are now beginning to move.

Notable transactions for 2012 are summarized below:• Isuzu Manufacturing never occupied its plant for a planned light truck manufacturing angle. Isuzu sold the 293,000 sf Pinson Valley complex to Kamtek, which will open an automotive related stamping process in 2013.• Th e Faurecia Automotive complex, a Tier 1 supplier to Mercedes, sold its 156,000 sf plant at Cottondale as an investment deal. Sales price exceeded $80.00 psf refl ecting the substantial value in the long term lease. • Th e 45,000 sf former Corporate Express facility at 350 Industrial Drive in the Oxmoor submarket sold in early 2012 for in excess of $50.00 psf. Access to high volume band width in the Oxmoor Valley appears to have been part of the property appeal.• Also in the Lakeshore area of the Oxmoor Valley, the 115,000 sf former Caremark fulfi llment facility sold as part of the relocation of the Birmingham HQ for sporting goods retailer, Hibbett Sports. Th e fully HVAC complex sold for well below replacement cost.

INDUSTRIAL BUILDINGS

GRAHAM REPORT • 2013SALE OR LEASE

All offerings subject to prior sale or lease.

28

Shelby Commerce Park

5318 Meadowlark Lane

Cullman Manufacturing Facility

Former AGC Flatglass

Contact:

John Coleman, SIOR

(205) [email protected]

1,530,069 SFAVAILABLE:52,000 TO 375,000 SFU.S. Highway 31, One mile off I-65Calera, AL 35040

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

Ogden Deaton, SIOR


10,800 SFAVAILABLE: 10,800 SF5318 Meadowlark LaneBirmingham, AL 35242

• 2,000 sf offi ce• Built 2005• Fenced yard• Drive-in loading• Located in unincorporated Shelby County

Contact:

Jordan Tubb(205) [email protected]

115,000 SF on 11 AcresAVAILABLE: 115,000 SF1828 Burgandy LaneCullman, AL 35055

• 2 miles from I-65• Large fenced yard for trailer storage or expansion• 4,000 amp power• 8˝ gas line• Fully sprinklered

70,268 SFAVAILABLE: 70,268 SF

3350 Ball StreetBirmingham, AL 35234

• 70,268 sf total, including ± 4,000 sf offi ce• M-2 Heavy Industrial zoning, City of Birmingham• CSX rail spur with rail loading doors• Interior truck well under 3-ton bridge crane• Dock high & drive-in loading• Excellent access to I-20/59

Contact:

Jack Brown, SIOR


GRAHAM REPORT • 2013SALE OR LEASE 29


BN ParkNextran Truck Center

Moody Commerce Park4199 Prince Street

443,000 SFAVAILABLE: Up to 83,000 SFRoberts Industrial ParkBirmingham, AL 35208

• Cooler/freezer available• Ceiling heights: 22' to 35' clear• Concrete tilt-up • 1/2 Mile from I-59• Dock high & drive-in loading• BNSF rail

Contact:

Ogden Deaton, SIOR


31,000 SFAVAILABLE: 31,000 SF3101 Messer Airport HighwayBirmingham, AL 35203

• ± 4.17 acre site• 18,000 sf drive-in shop area• 6,500 sf dock loaded warehouse• 6,500 sf offi ce space• Located less than one mile from I-20/59 via Exit 126-B

Contact:

Jack Brown, SIOR


AVAILABLE: 143,000 SF Proposed Phase ThreePrepared Building Pad

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

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

Contact:

Sonny Culp, SIOR


33,600 SFAVAILABLE: 33,600 SF4199 Prince StreetBessemer, AL 35022

• 15,250 sf offi ce• 3.5 acre paved yard with perimeter lighting• 20'–24' ceiling heights• (4) drive-in doors• (1) dock high loading door

Contact:




Shelby Commerce Park • Building 4

Distribution Center

30

Lorna Lane Offi ce/Warehouse

Moody Springs Business Park

500,066 SF on 35.56 AcresAVAILABLE: 500,066 SF3280 US Highway 31 SouthCalera, AL 35040

• 32' clear height• T-5 warehouse lighting• 89 dock high loading doors• ESFR sprinkler• Subdivides easily• Guard house & security fencing• No occupational taxes

Contact:

Sonny Culp, SIOR


515,000 SFAVAILABLE: 3,750 SF & UpDistribution Drive, HomewoodBirmingham, AL 35209

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

Contact:

Ogden Deaton, SIOR


14,500 SFAVAILABLE: 14,500 SF3419 Lorna LaneHoover, AL 35216

• 2,000 sf offi ce• 16' eave heights• (2) dock high loading doors• 3-phase, 240v electrical service• Excellent access to I-459 and US Highway 31• Located in City of Hoover, no city occupational tax

Contact:


7.5 AcresAVAILABLE: BUILD-TO-SUIT

25,000 TO 91,250 SFExit 144Moody, AL 35004

• Customized construction & tenant improvements• Distribution or light manufacturing• City of Moody• Less than one mile to I-20• Extra trailer parking• Site graded for construction

Contact:

Jack Brown, SIOR




Lakeshore 150 Business ParkIrondale Distribution Center

Jefferson Metropolitan Distribution Center Former RockTenn Facility

PINS

ON V

ALLE

Y PK

WY

PINS

ON V

ALLE

Y PK

WY

CLEAGE DR

CLEAGE DR

120 AcresAVAILABLE:1 TO 20 ACRE PARCELS

Lakeshore Parkway & Highway 150Bessemer, AL 35022

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

78,000 SFAVAILABLE: 78,000 SF2461 1st Avenue SouthIrondale, AL 35210

• 21' clear height• Concrete tilt-up construction• Dock high loading• 180' truck court• Renovated 2012

Contact:

Ogden Deaton, SIOR


Contact:

John Coleman, SIOR


60,060 SF Phase TwoAVAILABLE: Up to 60,060 SF6600 Jefferson Metropolitan ParkwayMcCalla, AL 35111

153,220 SFAVAILABLE: 153,220 SF3200 Pinson Valley ParkwayBirmingham, AL 35217

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

• CSX, internal spur• 20'–26' clear height• Concrete tilt-up construction• 16 acres• Dock high & drive-in loading • ESFR sprinkler

Contacts:

Sonny Culp, SIOR


Contacts:

Ogden Deaton, SIOR

Jack Brown, SIOR


[email protected]



Crane Facility • Boaz, AL

320 Ace Street • Lineville, AL

Former A & S Marble

32

Liberty Park Development Site

101,034 SFAVAILABLE: 101,034 SF1506 Industrial Blvd.Boaz, AL 35957

• Former Ajax Tocco manufacturing facility• 19.3 acres, level• Located in Sand Mountain Industrial Park• ± 21,434 sf of offi ce area• (9) fi ve-ton bridge cranes


320 Ace StreetLineville, AL 36266


118 Little Valley CourtBirmingham, AL 35244

• 5,000 sf offi ce• 18 acre site• T-5/metal halide lighting• CSX rail spur• 3-phase, 240v, 2,300 amp electrical service• (4) dock high loading doors• (3) drive-in doors

• Unique industrial location in Riverchase, Shelby Co.• (1) 7 ½-ton and (1) 4 ½-ton bridge cranes• (10) 20'x20' drive-in doors• ± 2,750 sf of offi ce space• 1.96 acre site• Excellent interstate access

Contact:

Jack Brown, SIOR


20.38 AcresAVAILABLE: 20.38 ACRES

Liberty ParkwayBirmingham, AL 35242

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

Contact:

Sonny Culp, SIOR


Contact:


Contacts:

John Coleman, SIOR

Jack Brown, SIOR


[email protected]



Class A Offi ce Building • Montgomery, AL

Interstate Industrial Park

260-A Lyon Lane

134-D Clay Street • Wadley, AL

48,460 SF AVAILABLE: 48,460 SF425 Molton StreetMontgomery, AL 36104

• 2-story class A offi ce • Built 2002 • Masonry construction • Ample on-site parking• Located in CBD of Montgomery• Easy access to I-65 & I-85

1,000,000 SFAVAILABLE: Up to 636,000 SF

5th Avenue & 24th StreetBessemer, AL 35020

• 10 to 20-ton cranes• Bay widths 90' to 130'

• 116 acres• 32' hook height• Excellent rail service• Additional 220,000 sf under outside crane• New CSX Intermodal• Buildings can be subdivided 15,000 sf & up

Contact:

Ogden Deaton, SIOR


196,120 SFAVAILABLE: 52,360 SF260-A Lyon LaneBirmingham, AL 35211

• 5,000 sf offi ce• Warehouse conditioned• (7) dock high doors• (6) drive-in doors• ESFR sprinkler• 25' clear height

Contact:

Sonny Culp, SIOR


501,500 SF AVAILABLE: 501,500 SF134-D Clay StreetWadley, AL 36276

• 25' eave height• Sprinkled• (19) dock high loading doors• (1) drive-in door• 3-phase, 480v, 1,200 amp electrical service• 160,000 sf mezzanine

Contact:


Contacts:

John Coleman, SIOR

Dan Lovell, SIOR, LEAD AP


[email protected]



Electrical Equipment

Former Southern Comfort Conversions Calera Commerce Park

Former NSS Warehouse • Gadsden, AL

34

80,092 SFAVAILABLE: 80,092 SF4280 Pinson Valley ParkwayBirmingham, AL 35213

• (4) fi ve-ton bridge cranes• Dock high & drive-in loading • 12,800 sf offi ce• Located in unincorporated Jeff erson County

Contact:

Jack Brown, SIOR


1,032,000 SFAVAILABLE:150,000 TO 1,032,000 SF4700 Pinson Valley ParkwayBirmingham, AL 35215

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

Contact:

Ogden Deaton, SIOR


30 AcresAVAILABLE: SALE OR BUILD-TO-SUIT

Highway 22 & George Roy ParkwayCalera, AL 35040

• Excellent interstate visibility from I-65• Pad ready sites available• Build-to-suit up to 250,000 sf• Will subdivide

Contact:

Ogden Deaton, SIOR


194,564 SFAVAILABLE: 194,564 SFRains Air Depot RoadGadsden, AL 35903

• (3) warehouses, 65,000 sf each• 27' to 34' clear height• Insulated metal construction• CSX rail served• Dock high & drive-in loading• Built 2000

Contact:

Ogden Deaton, SIOR


GRAHAM REPORT • 2013GRAHAM ACTIVITIES 2012 35

Montclair Road: 17 Acres.Multi-family land sale of 17 acres for 211 new apartment homes.801 Montclair Road, Birmingham, ALAgent: Sonny Culp, SIOR

Hanna Steel: 26,000 sf.Class A offi ce sold to Hanna Steel for corporate offi ce.4527 Southlake Parkway, Birmingham, ALAgent: Ogden Deaton, SIOR • Co-Agent: Sam Carroll, SIOR

109 Citation Court: 24,220 sf.Masonry offi ce/warehouse facility on 3.1 acres.109 Citation Court, Birmingham, ALAgent: Jack Brown, SIOR • Co-Agent: EGS Commercial

ThyssenKrupp: 100,000 sf.Build-to-suit for Th yssenKrupp.Scott Davis Industrial Park, Bibb County, ALAgent: Ogden Deaton, SIOR

Corporate Express: 45,000 sf.Class A offi ce/warehouse sold to investment group.350 Industrial Drive, Birmingham, ALAgent: Ogden Deaton, SIOR • Co-Agent: Maloy & Co.

Former Norell Facility: 10,560 sf.Focus Fab LLC leased space for automotive related manufacturing.5540 Parkwood Circle, Bessemer, ALAgent: Jordan Tubb • Co-Agent: Jack Brown, SIOR

Tennessee Valley Metals: 25,500 sf.Offi ce/warehouse leased to Royal Cup Coff ee.2720 Southeastern Circle, Birmingham, ALAgent: Jack Brown, SIOR • Co-Agent: EGS Commercial

Former Isuzu Warehouse: 293,000 sf.Class A rail served distribution facility located in Pinson Valley.1573 Sterilite Drive, Birmingham, ALAgent: Sonny Culp, SIOR • Co-Agent: Jack Brown, SIOR

LEASED

SOLD

SOLD

BUILD-TO-SUIT

SOLD

SOLD

SOLD

Steven’s Graphics • ±200,000 sf on 13.5 Acres.Rail served, fully conditioned warehouse/manufacturing facility.100 West Oxmoor Road, Birmingham, ALAgents: Jack Brown, SIOR & Ogden Deaton, SIOR

LEASED

SOLD


326 Industrial Park Drive: 17,200 sf.Offi ce/warehouse on 22.5 acres in Woodstock.326 Industrial Park Drive, Woodstock, ALAgent: Jordan Tubb • Co-Agent: John Coleman, SIOR

3 PEC: 12,800 sf.Freestanding offi ce/warehouse purchased by Birmingham basedowner-occupant. 5511 Powder Plant Road, Bessemer, ALAgent: Jack Brown, SIOR

Former Fleetpride Facility: 95,000 sf.Corporate headquarters facility (offi ce & distribution).2912 3rd Avenue North, Birmingham, ALAgent: John Coleman, SIOR • Co-Agent: EGS Commercial

SBE Development: 160 Acres.Industrial site for future development sold to developer.Near Exit 154 off of I-59, Springville, ALAgent: Ogden Deaton, SIOR

Steel City Heating: 15,268 sf.Masonry offi ce/warehouse on 2.5 acres.92 West Oxmoor Road, Birmingham, ALAgent: Jack Brown, SIOR • Co-Agent: JH Berry & Gilbert

Saddle Creek Logistics Services: 224,000 sf.Long term lease in BN Park.2500 13th Street West, Birmingham, ALAgent: Ogden Deaton, SIOR

Silgan Container: 83,000 sf.Silgan Container sale of 83,000 sf offi ce/warehouse to Waste Pro.140 Goodrich Drive, Birmingham, ALAgent: Ogden Deaton, SIOR • Co-Agent: Jack Brown, SIOR

Builders First Source: 43,000 sf on 14 acres. Sale to Builders First Source for warehouse & distribution ofbuilding materials. 315 Highway 433, Chelsea, ALAgent: Ogden Deaton, SIOR • Co-Agent: Jordan Tubb

GRAHAM ACTIVITIES 2012 36

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD

Moody Commerce Park: 130,000 sf.Long-term lease to Mspark (formerly MailSouth).Moody, AL (St. Clair County)Agent: Sonny Culp, SIOR

LEASED

LEASED

GRAHAM REPORT • 2013 37GRAHAM TEAM

Sonny Culp, SIOR

John HagefstrationAlli Gross

Dan Lovell, SIOR, LEED AP

Sharon Cumens Ogden S. Deaton, SIOR

Claudine Arredondo

Julie HubbardJanis Hagen

Betsy Lumpkin

Robin Domit

DeMarcus Bloxom

Rick Mason

David Thomas

Janice Ivy

Jane McGriff

Jordan W. Tubb

Carl Finch

Jack Brown, SIOR

F. Craig Jackson

Hayden Montgomery, RPA

M. List Underwood III

Maria Goldschmidt

Walter Brown, SIOR

Brad Jones, MBA, CCIM

Stacey R. Wadsworth

Mike Graham, CPM, SIOR

Sam J. Carroll IV, SIOR

Michael A. Lawley, CCIM

Christie Neely

Wanda Wanninger

Steve Graham, MAI, CRE

Eleanor Caver

Gardner Lee, CPM, SIOR

Susan Plate

Jamarcus Williams

John Coleman, SIOR Charlie Crane

Jebb Long

Katy Lincoln

Hayden L. Scott, MAI

Mike GrizzellBeth Gresham

Nikiya Reese

Joelle Stuart


PRINCIPALS

Steve Graham, MAI, CRE

Mike Graham, CPM, SIOR

MANAGING PARTNER

Gardner Lee, CPM, SIOR

PROPERTY MANAGEMENT

Eleanor Caver

Beth Gresham

Alli Gross

Hayden Montgomery, RPA

Stacey R. Wadsworth

F. Craig Jackson – Project Coordinator

Sharon Cumens – Asst.

Wanda Wanninger – Asst.

COMMERCIAL/INDUSTRIAL GROUP

Jack Brown, SIOR

John Coleman, SIOR

Sonny Culp, SIOR

Ogden S. Deaton, SIOR

Jordan W. Tubb

Robin Domit – Real Estate Asst.

Joelle Stuart – Asst.

CORPORATE SERVICES

Michael A. Lawley, CCIM

OFFICE GROUP

Dan Lovell, SIOR, LEED AP

– Director

Walter Brown, SIOR

Sam J. Carroll IV, SIOR

Brad Jones, MBA, CCIM

Christie Neely – Real Estate Asst.

Katy Lincoln – Asst.

COMMERCIAL APPRAISALS

Hayden L. Scott, MAI

M. List Underwood III

ACCOUNTING

Maria Goldschmidt – VP Finance/Controller

Charlie Crane

Betsy Lumpkin

Janice Ivy – Asst.

Nikiya Reese – Asst.

FINANCE & LAW

John Hagefstration

HUMAN RESOURCES

Janis Hagen

MARKETING MEDIACOORDINATOR

Julie Hubbard

INFORMATION TECHNOLOGY

Jebb Long

– Chief Technology Offi cer

Mike Grizzell – IT Manager

EXECUTIVE ASST.

Claudine Arredondo

GRAPHIC DESIGN

Jane McGriff

RECEPTIONIST

Susan Plate

FACILITIES

DeMarcus Bloxom

Carl Finch III

Rick Mason

David Thomas

Jamarcus Williams

HUNTSVILLE OFFICEMANAGING BROKER

Bart Smith, CCIM, SIOR

JACKSONVILLE OFFICEMANAGING BROKER

Peter Crolius, SIOR

GULF COAST OFFICE

Jason Carnes

Kevin Williams, CCIM

INDIVIDUALMEMBERSHIPS

INDIVIDUALMEMBERSHIPS

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

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

mercial real estate fi rm based in Birmingham. With offi ces in

Birmingham and Huntsville, Alabama and Jacksonville and the

Gulf Coast, Florida, the company offers professional services

including sales, leasing, property management, appraisal,

consulting, investment and development. In response to client

demand, Graham has systematically extended its range of

services and geographic reach, now serving clients through-

out Alabama and several surrounding states.

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

Part of making Birmingham a better place to work includes

teaching the next generation about commercial real estate.

Graham & Company annually sponsors a community service

program known as LEAD (Leadership, Experience, Attitude,

Determination). Through this program, we hire inner-city

students from local high schools to spend a summer gaining

experience and developing work skills in the commercial real

estate industry. Also, every quarter, Graham & Company

employees volunteer their time and expertise in support

of Habitat for Humanity. We continue to support this fi ne

community program in providing homes for families in need.

A F F I L I AT I O N S

• Appraisal Institute

• BOMA–Building Owners and Managers Association

• CCIM–Certifi ed Commercial Investment Member

• CRE–Counselors of Real Estate

• ICSC–International Council of Shopping Centers

• IREM–Institute of Real Estate Management

• LEED–Leadership in Energy and Environmental Design

• SIOR–Society of Industrial & Offi ce Realtors

MEASURE US BY OUR ACTIONS GRAHAM & COMPANY PERSONNEL • BIRMINGHAM grahamcompany.com

MEASURE US BY OUR ACTIONS

110 Offi ce Park Drive, Suite 200Birmingham, AL 35223

TEL 205.871.7100FAX 205.871.3331

grahamcompany.com

BIRMINGHAM HUNTSVILLE JACKSONVILLE GULF COAST

355 Quality Circle

Suite E

Huntsville, AL 35806

TEL 256.382.9010

H U N T S V I L L E

550 Water Street

Suite 1225

Jacksonville, FL 32202

TEL 904.281.0003

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

100 Richard Jackson Blvd.

Suite 115

Panama City Beach, FL 32407

TEL 850.563.1500

G U L F C O A S T

vey | birmingham...graham report • 2013 graham report/2013 ... and economic development agencies...

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