Prominent industrial leases signed by Mobis Alabama, Creative Polymer Solutions and Sunbelt Paper & Packaging negotiated by top dealmakers from CBRE, EGS Commercial Real Estate, Colliers and Graham & Co are among the third-quarter industrial leases recognized by CoStar.
As big-ticket items involving sizable investments, commercial property transactions often have a wider impact within the community. CoStar will recognize the largest leases completed each quarter and the dealmakers who made them happen in their respective markets.
Here are the Birmingham industrial leases selected as the third-quarter 2023 winners of the CoStar Power Broker Quarterly Deal Awards:
Space Leased: 111,983 SF
Deal Type: New Lease
Size: 111,983 SF
Tenant: Mobis Alabama
Brokers Involved: Philip Yost of CBRE represented the landlord. Deborah McGill Smith of EGS Commercial Real Estate represented the tenant.
Deal Commentary:
Space Leased: 76,250 SF
Deal Type: New Lease
Size: 76,000 SF
Tenant: Creative Polymer Solutions
Brokers Involved: Tripp Alexander and Joe Azar of Colliers represented the landlord. Jordan Tubb of Graham & Co represented the tenant.
Deal Commentary:
Space Leased: 54,080 SF
Deal Type: New Lease
Size: 216,000 SF
Tenant: Sunbelt Paper & Packaging
Brokers Involved: Ogden Deaton of Graham & Co represented the landlord.
Deal Commentary: On July 12, 2023, this 54,080 square foot industrial space, located at 240 George Roy Pkwy in Calera, AL leased out to Sunbelt Packaging. Ogden Deaton from Graham & Co represented the Landlord.
Space Leased: 46,200 SF
Deal Type: New Lease
Size: 171,160 SF
Tenant: S&S Firestone
Brokers Involved: Brad Moffatt and Adam Eason of EGS Commercial Real Estate represented the landlord. Philip Yost of CBRE represented the tenant.
Deal Commentary:
Space Leased: 30,000 SF
Deal Type: New Lease
Size: 140,000 SF
Tenant: TireHub
Brokers Involved: Tripp Alexander and Joe Azar of Colliers represented the landlord. Philip Yost of CBRE represented the tenant.
Deal Commentary: On July 13, 2023, Tire Hub leased out 30,000 squarefeet of Industrial space at 419 Republic St. Tripp Alexander of Colliers represented the Landlord and Philip Yost of CBRE represented the Tenant.