By Gardner Lee Principal and Co-Founder, Growth Capital Partners Since Prologis sold its Birmingham holdings in the late 1990s, the industrial real estate market in the Magic City has been dominated by local investment groups, with a few national developers entering the market for either built-to-suit or specialized projects like the recent Amazon facilities. As […]
Growth Capital Partners has launched a new development company and named two partners. The Birmingham-based private real estate investment firm, which is coming off a major deal in late 2020, said the new company will operate under the GCP umbrella and will focus on development of bulk distribution facilities across the Sun Belt. The sector […]
By Hanno van der Bijl – Real Estate Reporter, Birmingham Business Journal Oct 29, 2020, 8:16pm CDT Updated Oct 29, 2020, 10:49pm CDT Original Post from Birmingham Business Journal A private industrial real estate investment company based in Birmingham was involved in one of the country’s largest real estate transactions to close this year. GCP […]
BIRMINGHAM, ALA. — GCP has acquired a distribution center portfolio that encompasses 16 facilities, 2.7 million square feet and three states in the Southeast for $194 million. The assets are located in Spartanburg, S.C.; Charlotte and Winston-Salem, N.C.; and Tampa and Orlando, Fla. The exact locations were not disclosed, but a press release stated the […]
Birmingham’s GCP recently closed on a large purchase in Florida. The industrial real estate company bought an 872,627-square-foot warehouse in Jacksonville, Florida, for $49 million. Wells Fargo provided financing for the transaction. The building, Northport Logistics Center, is occupied by Gildan Activewear and Grimes Logistics and is located less than three miles from the Jacksonville […]
The listing of the top owners of industrial real estate was compiled using responses to an online survey, earnings reports and company websites. It is based on the total size of the companies’ global portfolios as of Dec. 31, 2017. View original article from nreionline.com.
The 800,000-square-foot deal brings the young company’s total assets to $450 million. (Subscription required to read full article) View original article from Birmingham Business Journal.
SAVANNAH, GA. — GCP has acquired 150 Portside Court, an 800,000-square-foot industrial facility in Savannah, for $34.8 million. Located within the Port Logistics Center at Crossroads, the facility is less than five miles from the Port of Savannah. The building is fully leased to The Home Depot and is a key component of the home […]
Birmingham-based GCP recently landed an enormous real estate transaction. The company said it signed a lease for 431,035 square feet at the Legacy Park West property in Rock Hill, South Carolina. It is one of the largest industrial real estate transactions in the area, which is considered a part of the Charlotte, North Carolina, metro […]
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 million square foot inventory across the Southeast. The refinanced portfolio […]
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 Legacy Park West in Rock Hill, which includes a 126,000-square-foot facility fully leased to Elite Logistics and a second 432,000-square-foot building that is being […]
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. “We’re pleased to announce this new credit agreement which will […]