Archive for News

LegacyPark West sells to Alabama firm for $34M

LegacyPark West sells to Alabama firm for $34M

A recently delivered industrial park in York County has been sold for $34 million. GCP out of Birmingham, Ala., has once again bought into the Charlotte region with the acquisition of LegacyPark West in Rock Hill, which includes a 126,000-square-foot facility fully leased to Elite…

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GCP Signs Vallen Distribution to 10-Year Office Renewal in Belmont

GCP Signs Vallen Distribution to 10-Year Office Renewal in Belmont

Graham Commercial Properties (GCP), a commercial real estate investment, development and management firm headquartered in Birmingham, AL, has signed leading industrial supplier Vallen Distribution to a 10-year extension for the company’s 42,000-square-foot office space at 2100 Oaks Pky. in Belmont, NC. Concurrent with the renewal,…

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Alabama firm acquires Charlotte industrial property for $22M

Alabama firm acquires Charlotte industrial property for $22M

An industrial building in north Charlotte has a new owner following the closing of a $22 million off-market transaction. GCP, based in Birmingham, Ala., acquired 10000 Twin Lakes Parkway, a 464,974-square-foot industrial building that had been sitting vacant before The Silverman Group out of Short…

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2017 Trends in the Southeast’s Industrial Market

2017 Trends in the Southeast’s Industrial Market

The industrial sector in the Southeast continues to heat up, and like the beginning of a hot southern sun1mer, there seems to be no end in sight. Rents are up across all markets with strong deal flow and absorption in the region, all signs of…

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Birmingham firm lands $200M to support growth, acquisitions

Birmingham firm lands $200M to support growth, acquisitions

A Birmingham real estate firm just secured a significant amount of credit to continue expanding its footprint across the South. Graham Commercial Properties has secured a $200 million line of credit with Wells Fargo N.A. to use on acquisitions in high-growth markets in the Southeast….

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Alabama Investor With Latin American Funds Shopping Atlanta For More Industrial

Alabama Investor With Latin American Funds Shopping Atlanta For More Industrial

First came the Latin American money. And now comes a big ol’ bank loan that will help a Birmingham, Alabama-based industrial investor buy a lot more warehouses in the Southeast, especially Atlanta. GCP has just secured a $200M line of credit with Wells Fargo for…

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GCP Momentum Continues In 2017 As Industrial Company Expands Across Southeast

GCP Momentum Continues In 2017 As Industrial Company Expands Across Southeast

Transactions build portfolio for investors in fast-growing markets Industrial real estate company GCP has started off 2017 making significant progress toward its long-term goals of expanding its footprint in vibrant southeastern markets and creating value for investors through the acquisition, development, redevelopment and management of…

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GCP Inks Four Leases Totaling 833,927 SF with Automotive Suppliers in Alabama

GCP Inks Four Leases Totaling 833,927 SF with Automotive Suppliers in Alabama

BIRMINGHAM AND HUNTSVILLE, ALA. — Birmingham-based GCP has closed four separate lease deals totaling 833,927 square feet with automotive suppliers in Birmingham and Huntsville. The landlord has signed Mercedes-Benz U.S. International Inc. to a 225,496-square-foot lease for parts storage at Shelby Commerce Park, a 1.5…

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Why Foreign Investors Are Attracted to the Southeast Real Estate Market

Why Foreign Investors Are Attracted to the Southeast Real Estate Market

Latin American investors are increasingly looking at the U.S. as a safe place to grow their capital, and the Southeast industrial real estate market is benefitting from it. U.S. foreign direct investment led all countries last year, totaling a record $348 billion, according to this…

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GCP buys Atlanta property for $9.4M

GCP buys Atlanta property for $9.4M

Graham Commercial Properties recently made a big acquisition in the metro Atlanta area. The Birmingham-based industrial real estate firm said it purchased 7900 Troon Circle for $9.4 million in an off-market transaction. The property is a 160,000-square-foot Class A industrial building. “The Troon Circle acquisition…

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