NAI Chase Commercial Brokers $1.8 Million Sale of Medical Office Building in Gadsden, AL 19 Nov 2024, 1:56 pm

Gadsden, AL – November 19, 2024 – NAI Chase Commercial, part of the world’s premier network of commercial real estate firms, has announced its role in representing the $1.8 million sale of a medical office building located at 1102 Goodyear Avenue, Gadsden, AL. The property was sold by Heartdoc, LLC to Singularity Investments, LLC, with NAI Chase Commercial’s Executive Vice President Randy Thomas and Leasing and Sales Specialist Ashley Farrell Athon representing the seller in this significant transaction.

“We are thrilled to have supported our client in the successful sale of their medical office building and extend our best wishes to Singularity Investments, LLC on their acquisition,” said Ashley Farrell Athon, Leasing and Sales Specialist at NAI Chase Commercial.

“This transaction underscores the strong demand for quality commercial properties across Alabama, where we are seeing continued growth and high interest in both sales and leases,” said Randy Thomas.

The 15,398-square-foot medical office building, situated on 2.65 acres and constructed in 2009, is currently occupied and showcases a strategic investment opportunity in the thriving Gadsden area.

About NAI Chase Commercial

[NAI CHASE COMMERCIAL, an Accredited Management Organization with its professional staff of real estate brokers with offices in Huntsville and Birmingham, Alabama provides Retail Office and Industrial Commercial Property Brokerage, Leasing and Sales, Commercial Property Development, Commercial Property Management, Investment Property Brokerage, Construction Management Consulting, and Building Renovation Services. For more information on NAI Chase Commercial, please visit www.chasecommercial.com

About NAI Global

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe, Africa, and Asia Pacific, with over 6,000 local market professionals, managing more than over 1.15 billion square feet of property.  Annually, NAI Global completes more than $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.

To learn more, visit www.naiglobal.com or www.naiglobalnewslink.com

The post NAI Chase Commercial Brokers $1.8 Million Sale of Medical Office Building in Gadsden, AL appeared first on NAI Chase Commercial Real Estate.

NAI Chase Commercial Represents Multi-Million-Dollar Sale of Former Hardee’s, Now Schlotzsky’s, in Madison, AL on Behalf of Private Investor. 6 Nov 2024, 5:23 pm

Madison, AL – November 6, 2024** – NAI Chase Commercial, a member of the world’s premier managed network of commercial real estate firms, announced today its representation of the sale of a 3,624-square-foot retail property located at 5870 Wall Triana Hwy, Madison, AL. The site, formerly a Hardee’s restaurant, is now being rebranded and opened as a Schlotzsky’s. Mark Elrod, Senior VP of Retail, Eric Gonzalez-Tablada, Director of Retail, and Douglas McCullough, CCIM Executive Vice President of Brokerage, represented the seller in the transaction.

“This sale highlights the resilience of the retail market in the region,” said Mark Elrod, Senior VP of Retail at NAI Chase Commercial. “Despite broader economic challenges and fluctuating interest rates, demand for well-positioned retail spaces remains strong, especially in growth markets like Madison. We’re seeing significant interest from investors looking to capitalize on Alabama’s expanding commercial footprint.”

Eric Gonzalez-Tablada, Director of Retail at NAI Chase Commercial, added, “This sale is part of a broader trend we’ve observed in North and Central Alabama, where the retail sector continues to thrive. Investors are looking beyond short-term volatility, focusing on prime locations like this one, which offer long-term potential. This transaction and others we’ve recently completed underscores our expertise in navigating complex deals in a challenging economic climate.”

The multi-million-dollar sale offers plenty of on-site parking and drive-thru access. Built in 1993, the 3,624-square-foot building boasts high visibility and accessibility from Wall Triana Hwy, one of Madison’s busiest corridors. Schlotzsky’s is expected to be a high-traffic tenant, benefiting from the property’s location and the area’s growing retail and residential developments.

About NAI Chase Commercial

NAI CHASE COMMERCIAL, an Accredited Management Organization with its professional staff of real estate brokers with offices in Huntsville and Birmingham, Alabama provides Retail Office and Industrial Commercial Property Brokerage, Leasing and Sales, Commercial Property Development, Commercial Property Management, Investment Property Brokerage, Construction Management Consulting, and Building Renovation Services. For more information on NAI Chase Commercial, please visit www.chasecommercial.com

About NAI Global

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe, Africa, and Asia Pacific, with over 6,000 local market professionals, managing more than over 1.15 billion square feet of property. Annually, NAI Global completes more than $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting, and related advisory services.

To learn more, visit www.naiglobal.com or www.naiglobalnewslink.com

The post NAI Chase Commercial Represents Multi-Million-Dollar Sale of Former Hardee’s, Now Schlotzsky’s, in Madison, AL on Behalf of Private Investor. appeared first on NAI Chase Commercial Real Estate.

NAI Chase Commercial Secures New Leases for Global and Nationally recognized companies Avanti Polar Lipids, LLC, and Pike Corporation in Hoover, Alabama 21 Aug 2024, 6:34 pm

Hoover, AL – August 20, 2023 – NAI Chase Commercial, a leading member of the global network of
commercial real estate firms, has successfully negotiated significant leases for two prominent tenants, Avanti
Polar Lipids, LLC, and Pike Corporation. The deals involve over 26,000 square feet of office space at
Concourse 100 and Concourse 800 in Hoover, Alabama.

NAI Chase Commercial facilitated a 5-year lease for 10,643 square feet at Concourse 100 on behalf of Pike
Corporation. Randy Thomas, Executive Vice President-Brokerage of NAI Chase Commercial, represented the
landlord, In-Rel Properties, and the tenant was represented by Carter Burwell of JLL in this transaction.
Additionally, a 15,418 Square-foot lease at Concourse 800 for Avanti Polar Lipids, LLC was completed with
NAI Chase Commercial also representing the landlord and Tanner Sumners of Harbert Realty representing the
Tenant.

“We are delighted to welcome these two Globally and Nationally recognized tenants to Concourse 100 and
800,” said Randy Thomas. “Their decision to choose these Class A office buildings is a testament to these properties’ quality and strategic value.”

Avanti Polar Lipids, LLC, the world leader in lipid-based product development for research and
pharmaceutical industries, plans to transform its new space at Concourse 800 into an innovative hub for
research services. This move is expected to significantly contribute to the growing research and healthcare
needs of the Birmingham metropolitan area.

Pike Corporation, a leading national provider of turnkey infrastructure solutions for electric, gas, and
telecommunications utilities, will occupy the office space at Concourse 100. Pike’s extensive work with utility
clients nationwide underscores the importance of this strategic location as they continue to expand their
offerings.

“These leases are the latest in a series of major transactions we’ve brokered in the Birmingham region,
reflecting a steady demand for commercial office and medical space,” added Thomas. “It’s encouraging to see
the market moving towards stronger activity.”

For more information about Avanti Polar Lipids, LLC, visit avantilipids.com. To learn more about Pike
Corporation, visit pike.com.

About NAI Chase Commercial NAI CHASE COMMERCIAL, an Accredited Management Organization with its
professional staff of real estate brokers with offices in Huntsville and Birmingham, Alabama provides Retail Office and
Industrial Commercial Property Brokerage, Leasing and Sales, Commercial Property Development, Commercial Property Management, Investment Property Brokerage, Construction Management Consulting, and Building Renovation Services.
For more information on NAI Chase Commercial, please visit www.chasecommercial.com

About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets
and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has
more than 375 offices strategically located throughout North America, Latin America, Europe, Africa, and Asia Pacific,
with over 6,000 local market professionals, managing more than over 1.15 billion square feet of property. Annually, NAI
Global completes more than $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing,
property and facilities management, real estate investment and capital market services, due diligence, global supply
chain and logistics consulting and related advisory services.
To learn more, visit www.naiglobal.com or www.naiglobalnewslink.com

The post NAI Chase Commercial Secures New Leases for Global and Nationally recognized companies Avanti Polar Lipids, LLC, and Pike Corporation in Hoover, Alabama appeared first on NAI Chase Commercial Real Estate.

NAI Chase Commercial Realty Represents the Landlord Chakravarthy Deverapalli, MC, in facilitating a successful Lease of 2,755 Square Feet of retail space at 2913 Governors Drive, Huntsville, AL. 20 Jun 2024, 3:25 pm

Huntsville, AL – June 20, 2024 – NAI Chase Commercial, a member of the world’s premier managed network of commercial real estate firms, announced today that it successfully negotiated a 3-year and 2-month lease for a free-standing retail building at 2913 Governors Drive on behalf of the landlord, Chakravarthy Deverapalli, MC, and Bradley Heichelbech, owner of Red Panda Hobbies and Game Store. Doug McCullough, CCIM and Bhagyesha Darji, Sales & Leasing Specialist from Chase Commercial represented both parties.

Douglas McCullough, CCIM Qualifying Broker for Chase Commercial Realty, said “The mission of Red Panda is to provide an open and inclusive, family-friendly environment for enthusiasts of all ages and backgrounds to gather, play, and enhance their skills in board games, card games, miniatures, hobby crafts, and to promote independent creators”. “This achievement was made possible through the dedicated efforts of star agent Bhagyesha Darji, who worked diligently to secure the lease”.

“Mr. Chakri Deverapalli, the building owner, has been a remarkable landlord, client, and now a friend to Chase Commercial Realty. Mr. Bradley Heichelbech, the owner of Red Panda, is excited to bring his business, which includes one of Huntsville’s first Blacksmithing classes, to this prime location”, said Darji.

“Chase Commercial Realty is honored to have represented both parties. The strong work ethic of Ms. Darji, combined with conceptual drawings by Douglas McCullough II that streamlined building modifications, made this leasing process seamless. Hats off to each member of the team for their outstanding contributions”, said Mccullough.

About NAI Chase Commercial

NAI CHASE COMMERCIAL, an Accredited Management Organization with its professional staff of real estate brokers with offices in Huntsville and Birmingham, Alabama provides Retail Office and Industrial Commercial Property Brokerage, Leasing and Sales, Commercial Property Development, Commercial Property Management, Investment Property Brokerage, Construction Management Consulting, and Building Renovation Services. For more information on NAI Chase Commercial, please visit www.chasecommercial.com

About NAI Global

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe, Africa, and Asia Pacific, with over 6,000 local market professionals, managing more than over 1.15 billion square feet of property. Annually, NAI Global completes more than $20 billion in commercial real estate transactions throughout the world

The post NAI Chase Commercial Realty Represents the Landlord Chakravarthy Deverapalli, MC, in facilitating a successful Lease of 2,755 Square Feet of retail space at 2913 Governors Drive, Huntsville, AL. appeared first on NAI Chase Commercial Real Estate.

Hoover City Council Greenlights Mixed-Use Development at Inverness Center North in Hoover, Alabama. NAI Chase Commercial represents the redevelopment of 450,000 SF of class A office space and Developer the Stoagroup, represent the multifamily and boutique retail. 30 May 2024, 3:15 pm

Hoover, AL, May 29, 2024 – NAI Chase Commercial, a member of the world’s premier managed network of
commercial real estate firms, NAI Global, announced today the Hoover City Council’s approval of a 15-acre Mixed-Use
Development to be located in the picturesque environment off Inverness Parkway, Hoover, Alabama. Randy Thomas
represented the landlord on behalf of Inverness Center North Office Park, while the Louisianna Mixed Use Developer,
Stoagroup will spearhead the multifamily and boutique retail portions of the development.

This mixed-use development will feature a blend of predominantly single-unit dwellings with a luxury style targeting
young, educated professionals, alongside 16,000 square feet of boutique retail space, giving compliment to the existing
450,000 SF of class-A office space. The retail space will include a destination white tablecloth restaurant with outdoor
waterside seating, boutiques, cafes, and other high-end retail establishments, creating a walkable community
atmosphere nestled within a park-like setting.

“We are delighted that the city council approved this mixed-use development,” said Randy Thomas, Executive Vice President-Brokerage of NAI Chase Commercial. “This new development will revitalize a once vacant office park, tenanted by Southern Company. Over the past year, the new owners of The Inverness Center North Park have invested over $4 million in renovating the existing office buildings. Building 44 is now at 95% occupancy. Building 40 has completed a portion of its common area renovations, including a conference facility and fitness center. The class A office buildings have secured six new leases, including tenants such as Pulmonary Associates of the Southeast, Ardent Schools Corporate Offices, and Ascension IT. Building 42 will undergo renovations as soon as the office redevelopment’s third phase. The approval of the mixed-use Development within the Inverness Community is a perfect example of sparking new energy into office parks suffering from post-pandemic occupancy.” Thomas added.

“Mixed-use developments cater to young professionals by seamlessly integrating the Live, Work, Play aspects into a
single cohesive environment,” said Prescott Bailey with Stoagroup. “Inverness Center North will feature Luxury
professional living, renovated Class A office spaces, retail stores, and entertainment venues within a unique, lush natural
setting with walking trails along Memorial Lake. This environment diminishes the need for long commutes and fosters a
balanced lifestyle. For young professionals, the convenience of living near their workplace and having access to
amenities such as gyms, cafes, restaurants, and parks significantly enhances their quality of life. The vibrant, dynamic
atmosphere of mixed-use developments encourages social interaction and networking, while the variety of activities and
services available supports a flexible, modern way of living,” said Bailey. This holistic approach to urban planning not only
meets the practical needs of residents but also creates a thriving community that is attractive to the young, dynamic
workforce.

About NAI Chase Commercial
NAI CHASE COMMERCIAL, an Accredited Management Organization with its professional staff of real estate brokers
with offices in Huntsville and Birmingham, Alabama provides Retail Office and Industrial Commercial Property Brokerage,
Leasing and Sales, Commercial Property Development, Commercial Property Management, Investment Property
Brokerage, Construction Management Consulting, and Building Renovation Services. For more information on NAI
Chase Commercial, please visit www.chasecommercial.com

About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets
and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has
more than 375 offices strategically located throughout North America, Latin America, Europe, Africa, and Asia Pacific,
with over 6,000 local market professionals, managing more than over 1.15 billion square feet of property. Annually, NAI
Global completes more than $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing,
property and facilities management, real estate investment and capital market services, due diligence, global supply
chain and logistics consulting and related advisory services.
To learn more, visit www.naiglobal.com or www.naiglobalnewslink.com

The post Hoover City Council Greenlights Mixed-Use Development at Inverness Center North in Hoover, Alabama. NAI Chase Commercial represents the redevelopment of 450,000 SF of class A office space and Developer the Stoagroup, represent the multifamily and boutique retail. appeared first on NAI Chase Commercial Real Estate.

NOW HIRING – ACCOUNTANT 27 Mar 2024, 4:46 pm

Senior Accountant Job Description – Multi-Company Financials

 

• Reconciling multiple bank statements monthly
• Managing Income & expenditure accounts (Accounts Receivable & Accounts Payable)
• Receiving & recording tenant rent checks.
• Entering & posting vendor invoices
• Producing a variety of reports including Balance Sheets & Income Statements
• Checking for accuracy in reports, figures & postings
• Reconciling & reporting any discrepancies found in records.
• Monitor charges made on company credit cards (Home Depot, Office Depot)
• Organize a financial filing system that is easily accessible.
• Speak to tenants concerning a variety of accounting matters concerning their account (payments, statements, late fees, status of payments due)
• Speak to vendors to assist with invoice processing & payment and collection of W-9’s and COI’s.
• Ensure that all receivables/payables are entered to ensure clients receive their monthly financial packages on time.
• Entering annual budgets into accounting system
• Preparation of year-end 1099’s
• Follow proper accounting procedures to reach financial objectives.
• YARDI software experience a plus but not necessary

Job Type: Full-time

Salary: $25.00 – $35.00 per hour

Expected hours: 40 per week.

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Experience level:

• 2 years

Schedule:

• 8-hour shift
• Monday to Friday

Experience:

• QuickBooks: 1 year (Required)
• Real Estate Experience

Work Location: In person!

The post NOW HIRING – ACCOUNTANT appeared first on NAI Chase Commercial Real Estate.

NAI Chase Commercial Real Estate Facilitates Multi-Million Dollar Sale of Lincoln Center in Huntsville, AL 6 Feb 2024, 3:35 pm

Huntsville, AL – January 24, 2024 – NAI Chase Commercial, a distinguished member of the world’s premier managed network of commercial real estate firms, proudly announces its successful representation in the multi-million-dollar sale of Lincoln Center, located at 200 Oakwood Ave. NE, Huntsville, AL. The transaction marks Montana Property Group’s third shopping center acquisition in the Huntsville market within the past six months.

Mark Elrod, Senior Vice President of Retail at NAI Chase Commercial, highlighted the significance of Lincoln Center’s role in the ongoing transformation of the Downtown Huntsville and Five Points areas. “Lincoln Center is a neighborhood center poised for redevelopment within the next three to five years, contributing additional retail shops and restaurants to enhance the local landscape,” stated Elrod.

The Downtown and Five Points areas have witnessed a substantial transformation in recent years, emerging as a target market for numerous retailers and restaurants. Eric Gonzalez-Tablada, Retail Director for the Huntsville Office, emphasized the strategic importance of this sale. “This transaction is the latest in a series of major deals NAI Chase has successfully represented in North & Central Alabama, underscoring the continued robust demand for retail spaces in the region,” noted Gonzalez-Tablada.

Lincoln Center, anchored by Roses’s Department Store, features notable additions, including Cinco de Mayo Mexican Grill, The Note Jazz Club & Grill, Foxhole Restaurant & Lounge, and Krab Kingz Seafood. The center comprises over 80,000 square feet of retail space and was sold for an undisclosed price.

This sale reinforces NAI Chase Commercial’s commitment to facilitating significant transactions and contributing to the dynamic growth of North & Central Alabama’s commercial real estate landscape.

About NAI Chase Commercial

NAI CHASE COMMERCIAL, an Accredited Management Organization with its professional staff of real estate brokers with offices in Huntsville and Birmingham, Alabama provides Retail, Office and Industrial Commercial Property Brokerage, Leasing and Sales, Commercial Property Development, Commercial Property Management, Investment Property Brokerage, Construction Management Consulting, and Building Renovation Services. For more information on NAI Chase Commercial, please visit www.chasecommercial

About NAI Global

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe, Africa, and Asia Pacific, with over 6,000 local market professionals, managing more than over 1.15 billion square feet of property. Annually, NAI Global completes more than $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.

To learn more, visit www.naiglobal.com or www.naiglobalnewslink.com

The post NAI Chase Commercial Real Estate Facilitates Multi-Million Dollar Sale of Lincoln Center in Huntsville, AL appeared first on NAI Chase Commercial Real Estate.

NAI Chase Commercial Announces Douglas A. Mccullough, CCIM has been appointed Secretary Treasurer of the Executive Committee of the Alabama CCIM Chapter and appointed member at large for the CCIM Designation Committee on the National Level. 31 Jan 2024, 3:02 am

CCIM Advisors Typically Rank Higher than other Commercial Real Estate Agents and Brokers Worldwide

Birmingham, Alabama – January 31, 2024 – NAI Chase Commercial, a member of the world’s premier managed network of commercial real estate firms, announced today, that Douglas A. McCullough, CCIM, has been appointed as the Secretary-Treasurer of the Executive Committee of the Alabama Chapter. Additionally, he has been appointed as a member at Large for the CCIM Designation Committee on their national level, beginning his term in January 2024.

CCIM Institute courses, taught by instructors who are themselves industry leaders, deliver commercial real estate investment methodologies and tools that speed the pathway between opportunity, a go/no-go decision, and success for an asset. Each class is designed to enhance the success of commercial real estate professionals regardless of specialty.

“Doug’s commitment to education and industry knowledge, and now serving on the State Board not only demonstrates his dedication to the commercial real estate industry, but it also puts Doug McCullough in a position to better compete for dispositions and acquisitions business and ultimately provide the highest levels of client services and achieve desired outcomes,” said NAI Chase Commercial’s President, Charlie Grelier, Jr.

Since its founding more than 50 years ago, the institute has been educating real estate specialists across continents and industry categories. CCIM continues to guide the growth of nearly 8,000 professionals annually, including Asset Managers, Corporate Real Estate Executives, Institutional Lenders, Commercial Lenders, Investment Counselors, and Real Estate Agents and Brokers.

Doug specializes in land and investment sales, office, and industrial leasing.

He joined NAI Chase Commercial in mid-1999 as an associate broker. He has since earned the position of Executive Vice President – Brokerage and qualifying broker of the Huntsville office. He has served on the Leadership Board for NAI Global, President of the North Alabama Commercial Real Estate Association (NALCOM), and has been an active member of the Alabama CCIM Chapter since 2019.

In conjunction with more than 50 chapters across the globe, CCIM Institute continues to innovate best practices, provide members with industry-leading tools, and advance the commercial real estate profession. The CCIM Designation is conferred upon commercial real estate leaders who have a proven record of success in the field and have demonstrated a mastery of financial, market, and investment analysis.

About NAI Chase Commercial

NAI Chase Commercial is recognized as one of the top full-service commercial real estate companies in Alabama, with offices in both Birmingham and Huntsville. In addition, NAI Chase Commercial is an Accredited Management Organization® (AMO®), a designation granted by the Institute of Real Estate Management in recognition of quality standards and best practices in property management and leasing services. The firm has been operating in Alabama and the Tennessee Valley since its founding in 1985. NAI Chase Commercial and its principals have over 60 years of combined real estate experience and is a leading full-service real estate organization with the ability to manage all facets of real estate transactions. Services include office, industrial and retail leasing and sales, commercial development, property management, asset management, facilities management, investment brokerage and construction/renovation. For more information on NAI Chase Commercial, please visit www.chasecommercial.com

About NAI Global

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices strategically located throughout North America, Latin America, Europe, Africa, and Asia Pacific, with over 5,100 local market professionals, managing more than 1.1 billion square feet of property and facilities. Annually, NAI Global completes more than $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com.

The post NAI Chase Commercial Announces Douglas A. Mccullough, CCIM has been appointed Secretary Treasurer of the Executive Committee of the Alabama CCIM Chapter and appointed member at large for the CCIM Designation Committee on the National Level. appeared first on NAI Chase Commercial Real Estate.

NAI Chase Commercial Realty Represents Citywide Properties LLC & V&S LLC Shopping Center Development in over 142,772 SF with four major leases with new tenants at Crestwood Festival shopping Center, Birmingham, Alabama. 30 Jan 2024, 1:59 pm

Birmingham, Alabama – January 30, 2024 – NAI Chase Commercial Realty, a member of the world’s premier managed network of commercial real estate firms, announced today that it signed four new leases totaling over 142,000 SF at Crestwood Festival Shopping Center on behalf of owners Citywide Properties LLC & V&S LLC Shopping Center Development. Vanessa Morris Sales & Leasing Specialist with Chase Commercial represented the Landlord. Steve Verstandig, President of City-Wide Properties, represented the lease with Fun City.

Fun City Adventure an indoor family entertainment facility signed a 15-year lease and took over the former Edge Movie Theatre. The indoor family entertainment center will have activities such as a trampoline center, Bumper car rides, Go Carts, Virtual Reality gaming, Laser Tag, bowling, roller skating, and more. Crestwood Pickers Antique Mall & Marketplace will occupy 69,082 SF when Burlington Coat Factory vacates the space at the end of February and Armor Gym – 24-hour fitness has leased 17,690 SF previously the Eplex which will also open next month. “We are very happy to welcome all of the new tenants to Crestwood Festival said Vanessa Morris, Leasing and Sales Specialist for NAI Chase Commercial.” “The Center will now be 90% leased, with solid tenants”.

Steven Verstandig, President of Citywide Properties, purchased Crestwood Center with a vision of making it a family-friendly experience. “These new tenants will offer something for all ages. The re-development will include a new façade and parking lot.” Verstandig said the company has three deals with Fun City and Crestwood will be the first site to open. “These three new tenants will transform the shopping center experience. Fun City will draw from over twenty miles away and families will come to the plaza and spend the entire day. We will have family fun, shopping, and food a great place to shop, dine, and enjoy your day,” said Verstandig.

“Vanessa Morris’s adept navigation of the retail sector exemplifies unparalleled market expertise and a proven track record of success,” said Randy Thomas, Executive Vice President of Brokerage for NAI Chase Commercial. “Her ability to secure significant leases and foster transformative developments underscores her unwavering commitment to excellence in every transaction.”

About NAI Chase Commercial

NAI Chase Commercial is recognized as one of the top full-service commercial real estate companies in Alabama, with offices in both Birmingham and Huntsville. In addition, NAI Chase Commercial is an Accredited Management Organization® (AMO®), a designation granted by the Institute of Real Estate Management in recognition of quality standards and best practices in property management and leasing services. The firm has been operating in Alabama and the Tennessee Valley since its founding in 1985. NAI Chase Commercial and its principals have over 60 years of combined real estate experience and is a leading full-service real estate organization with the ability to manage all facets of real estate transactions. Services include office, industrial, and retail leasing and sales, commercial development, property management, asset management, facilities management, investment brokerage, and construction/renovation. For more information on NAI Chase Commercial, please visit www.chasecommercial.com

About NAI Global

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices strategically located throughout North America, Latin America, Europe, Africa, and Asia Pacific, with over 5,100 local market professionals, managing more than 1.1 billion square feet of property and facilities. Annually, NAI Global completes more than $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com.

The post NAI Chase Commercial Realty Represents Citywide Properties LLC & V&S LLC Shopping Center Development in over 142,772 SF with four major leases with new tenants at Crestwood Festival shopping Center, Birmingham, Alabama. appeared first on NAI Chase Commercial Real Estate.

NAI Chase Commercial and ResolutRE Facilitate Lease of 2,499 Square Feet for PJ’s Coffee of New Orleans in Huntsville, AL 23 Jan 2024, 2:04 pm

Huntsville, AL – January 22, 2024 – NAI Chase Commercial, a distinguished member of the world’s premier managed
network of commercial real estate firms, in collaboration with ResolutRE, proudly announces the successful negotiation of
a ten (10) year lease for 2,499 square feet at 1801 Highway 72 East, Huntsville, AL on behalf of another PJ’s Coffee of
New Orleans. The property is strategically located near the corner of Shields Road and Highway 72. Cooper Smith of
SRS Real Estate Partners represented the landlord in the transaction.

“Coopers Impresso Expresso is thrilled to be opening its first location of PJ’s Coffee of New Orleans. The property will
be transformed into a robust coffee house, offering top Arabica beans sourced from around the world, crafted using
superior roasting techniques. PJ’s is also renowned for its Beignets and a variety of other delectable treats,” stated lead agent Ashley Farrell Athon of NAI Chase Commercial. “This lease marks the latest in a series of significant transactions
and the third for PJ’s Coffee of New Orleans for Huntsville, AL, underscoring the consistent demand for commercial
space in the Retail sector.”

The leased space, formerly a Taco Bell with a drive-thru, will be an ideal site for PJ’s Coffee of New Orleans, providing
indoor and outdoor seating, a drive-thru, ample parking, and close proximity to other retail establishments and
neighborhoods.

About NAI Chase Commercial
NAI CHASE COMMERCIAL, an Accredited Management Organization with its professional staff of real estate brokers
with offices in Huntsville and Birmingham, Alabama provides Retail Office and Industrial Commercial Property Brokerage,
Leasing and Sales, Commercial Property Development, Commercial Property Management, Investment Property
Brokerage, Construction Management Consulting, and Building Renovation Services. For more information on NAI
Chase Commercial, please visit www.chasecommercial.com

About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets
and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has
more than 375 offices strategically located throughout North America, Latin America, Europe, Africa, and Asia Pacific,
with over 6,000 local market professionals, managing more than over 1.15 billion square feet of property. Annually, NAI
Global completes more than $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing,
property and facilities management, real estate investment and capital market services, due diligence, global supply
chain and logistics consulting and related advisory services.

To learn more, visit www.naiglobal.com or www.naiglobalnewslink.com

The post NAI Chase Commercial and ResolutRE Facilitate Lease of 2,499 Square Feet for PJ’s Coffee of New Orleans in Huntsville, AL appeared first on NAI Chase Commercial Real Estate.