Birmingham-based GCP has secured a $60 million loan from MetLife for the refinancing of a seven-property industrial portfolio located throughout Atlanta, Charlotte, Alabama and Florida. Speake Financial advised GCP on the 10-year, fixed-rate loan. The properties comprise nearly 1.8 million square feet of GCP’s 7.2…
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…
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,…
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…
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…
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….
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…
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…
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…
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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