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 […]
Here’s What Exeter Property Group Paid for GCP Portfolio in Jefferson, Shelby Counties
By Hanno van der Bijl – Real Estate Reporter, Birmingham Business Journal Original Post from Birmingham Business Journal Nov 16, 2020 Updated Nov 16, 2020, 3:50pm CST Birmingham-based GCP recently sold its Fund I industrial portfolio to a group of institutional investors in one of the biggest real estate deals in the country to close […]
GCP Acquires 16 Distribution Centers for $194M
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 […]
Bham CRE Firm Closes $49M Purchase
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 […]
2018 Top Industrial Owners
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.
Bham CRE Firm Acquires Massive Industrial Property
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.
GCP Buys Home Depot-Leased Building Near Port of Savanna for $34.8M
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’s GCP Completes Large Industrial Lease
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 […]
GCP Secures $60M Refinancing from Metlife for Seven-Property Portfolio
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 […]
Legacy Park 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 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 […]
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. “We’re pleased to announce this new credit agreement which will […]
Alabama Investor with Latin American Funds Shopping Atlanta 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 its industrial buying spree. That comes on the heels of […]
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 benefiting from it. U.S. foreign direct investment led all countries last year, totaling a record $348 billion, according to this U.S. Department of Commerce study. Approximately 80 percent of that […]
GCP Acquires $53 Million Industrial Portfolio
Purchase expands GCP’s metro Atlanta holdings to 1.2 million square feet ATLANTA (April 12, 2016) – Birmingham, Ala.-based Graham Commercial Properties (GCP) purchased a three-property portfolio of industrial buildings for $53.25 million, expanding the company’s Atlanta holdings fivefold. The acquisition is part of a Southeast expansion GCP has in the works over the next 12 […]