A Harbert Retail deal has been named as one of the Birmingham Business Journal’s CRE Deals of the Year for 2021. Congratulations to all those involved in this key transactions!
Casey Howard, Vice President at Harbert Retail, represented the Seller in the acquisition of a historic 3-property portfolio located at 1705-1711 1st Avenue North. The portfolio included: a 17,662sf building at 1711 1st Ave. North, a 36,075 sf building at 1709 1st Avenue North and a surface parking lot at the corner of 17th Avenue North and 1st Avenue North.
The portfolio sold to The Hub Community Development Corporation. The sale officially closed Friday, December 17th. The portfolio is located in an Opportunity Zone just across the street from the City of Birmingham Police Department, and only 1 block from Innovation Depot, McWane Science Center, Elyton Hotel and the Alabama Theatre, making it a prime location for redevelopment.
Click here to see all the winners from the BBJ.