EGS Commercial Real Estate

News Archive

February 3, 2011

Top 40 Under 40: Christy Roddy, EGS Commercial Real Estate, Inc. The Christy Roddy, 37, vice president – office, EGS Commercial Real Estate was recognized for her “multi-dimensional abilities.” Starting her career with EGS in 2002 in administration, she quickly advanced to a leadership position as director of marketing. Read More

January 24, 2011

EGS Commercial Real Estate completes 3 deals The Birmingham area's industrial real estate market has clawed its way back to pre-EGS Commercial Real Estate Inc. said its brokers completed three lease transactions for 85,000 square feet of industrial space in the Birmingham area. Read More

January 21, 2011

EGS Commercial Real Estate president forecasts more real estate deals in 2012 EGS Commercial Real Estate handled nearly 300 transactions last year, totaling 4.5 million square feet and valued at $110.6 million.
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January 4, 2011

Reporter's notebook: Birmingham metro-area industrial real estate has fewer vacancies The Birmingham area's industrial real estate market has clawed its way back to pre-recession occupancy levels with prospects of getting better, while its office and retail segments continue to try to break the grip the sluggish economy has had on the market. Read More

January 4, 2011

EGS Commercial Real Estate brokers lease deal for ENT Associates EGS Commercial Real Estate Inc. represented ENT Associates of Alabama P.C. in a lease transaction that will allow it to expand operations in the Shelby Medical Building. Read More

December 27, 2011

EGS Commercial Real Estate completes 3 Birmingham lease deals EGS Commercial Real Estate Inc. said its brokers have completed three lease agreements for industrial space in the Birmingham area. Read More

December 20, 2011

EGS Commercial Real Estate completes 3 Birmingham lease deals EGS Commercial Real Estate Inc. said its brokers have completed three lease transactions in the Birmingham area. Read More

NOVEMBER 15, 2011

EGS Commercial Real Estate brokers wrap up Birmingham area deals EGS Commercial Real Estate Inc. said brokers Brad Moffatt and Stuart Brock completed five lease transactions in the Birmingham area. Read More

NOVEMBER 7, 2011

Top of the List: Commercial property managers In this week's print edition of the Birmingham Business Journal, our list highlighted the largest commercial property managers in the Birmingham area. Read More

NOVEMBER 3, 2011

On the move: Christy Roddy EGS is pleased to announce the accreditation of broker Christy Roddy as a Leadership in Energy and Environmental Design (LEED®) Green Associate for demonstrating the knowledge and skill needed to understand and support green design, construction and operations. Read More

OCTOBER 30, 2011

Retail recovery in sight for some Birmingham hot spots Metro Birmingham's traditional retail hot-spots are bouncing back following the industry downturn that left big empty spaces dotting the market. Read More

OCTOBER 30, 2011

Target projects Brookwood Village opening date Target will join the lineup at Colonial Brookwood Village in 2013, opening a store that will be the first of its kind for the retailer in Alabama. Read More

OCTOBER 18, 2011

EGS Commercial Real Estate completes lease deals in Birmingham area EGS Commercial Real Estate Inc. said brokers Brad Moffatt and Stuart Brock represented the landlord in three lease deals in the Birmingham area. Read More

SEPTEMBER 22, 2011

EGS Commercial Real Estate brokers complete 3 deals EGS Commercial Real Estate Inc. said brokers Brad Moffatt and Stuart Brock represented the landlord in three recent transactions in the Birmingham area. Read More

SEPTEMBER 18, 2011

Peach ice cream sweetened deal for Pharmavite to locate plant in Opelika The magic is intensified on a 100-plus degree day like when representatives from Project Omega -- the code name for what would be revealed as Pharmavite -- stopped there while scouting sites in the state. Read More

SEPTEMBER 7, 2011

On the move: Patrick Sullivan, Austin Brooks, William C. Sanders III and more EGS Commercial Real Estate Inc. has hired William C. Sanders III as a leasing and brokerage professional. Read More

August 15, 2011

EGS: Document imaging company moving to Cahaba Valley Business Park JanPak, a cleaning and packaging solutions company, will relocate into 47,300 EGS Commercial Real Estate Inc. said its brokers have completed four commercial real estate transactions in the Birmingham area. Read More

August 2, 2011

EGS completes two new industrial leases, two renewals EGS Commercial Real Estate Inc. has inked two new industrials leases and renewed two others. Read More

July 29, 2011

Companies on the Move - July 29 EGS Commercial Real Estate Inc. completed four lease transactions, including one new lease agreement in Huntsville and three lease renewals in the Birmingham area: Read More

July 28, 2011

On the Move: Jennifer Chandler, Michael C. Quillen, Beverly Meadors and more EGS Commercial Real Estate Inc. said Jennifer Chandler has joined the firm as health care real estate adviser. Read More

July 12, 2011

EGS inks deals in Avondale, Graymont EGS Commercial Real Estate Inc. recently completed three new leases for nearly 34,000 square feet of office and industrial space in the Birmingham area. Read More

July 7, 2011

O'neal Industries completes move O’Neal Industries has moved its 28 corporate employees to 13,178 square feet of office space in Birmingham’s Southside. Read More

June 26, 2011

Birmingham-based Hibbett Sports searching for site for new distribution center Birmingham-based Hibbett Sports Inc. is scouting sites for a new distribution center, a move prompted by the sporting good retailer's continued growth. Read More

June 1, 2011

EGS Commercial Real Estate completes 3 lease deals E
EGS Commercial Real Estate Inc. said its brokers participated in three lease renewals for office and industrial space in the Birmingham area. Read More

MAY 26, 2011

EGS Commercial Real Estate wraps up downtown Birmingham lease deals
EGS Commercial Real Estate Inc. said its brokers completed three lease deals in the Financial Center at 505 20th Street North in downtown Birmingham. Read More

MAY 19, 2011

Real Estate Roundup: Graham, EGS ink deals
Two Birmingham real estate companies announced more than 131,000 square feet of local industrial sales and leases. Read More

MAY 13, 2011

O'Neal Industries eyes growth as it moves C-level offices
O’Neal Industries is moving its corporate offices from its Birmingham plant to Southside as the company plots further expansion in the metals industry. Read More

APRIL 26, 2011

EGS Commercial Real completes 3 lease deals
Birmingham-area commercial real estate companies have had a busy spring, with three firms announcing some recent transactions. Read More

APRIL 22, 2011

Real Estate roundup: Cellular Sales takes former Movie Gallery space
Birmingham-area commercial real estate companies have had a busy spring, with three firms announcing some recent transactions. Read More

APRIL 5, 2011

Merit Brass opening Oxmoor warehouse
An Ohio company has plans to open a Southeastern distribution warehouse in Birmingham’s Oxmoor South Industrial Park. Read More

APRIL 1, 2011

Birmingham eyes stores, restaurant, hotel in Fair Park Project
In fact, the western area of Birmingham saw retail occupancies rise last year, according to a retail report from EGS Commercial Real Estate. Read More

MARCH 13, 2011

Walgreens worked for store on Clairmont Avenue in old No. 22 fire station
Two big chunks of office space have been claimed in the part of the Birmingham metro area that had the fewest big chunks to fill: Midtown. Read More

FEBRUARY 23, 2011

R E Michael expanding, relocating in Birmingham
A local distributor has relocated within Birmingham to provide for its expansion, said the company that brokered the real estate transaction. Read More

FEBRUARY 22, 2011

Birmingham commercial real estate suffered dismal year
Commercial real estate in Birmingham suffered through one of its worst years on record in 2010, with all three major categories -- office, industrial and retail -- failing to crack the 90 percent occupancy mark at year's end, a report shows. Read More

FEBRUARY 15, 2011

EGS Commercial Real Estate inks several new deals
EGS Commercial Real Estate Inc. said it recently signed nearly 25,000 square feet of new or renewed leases in the Birmingham area. Read More

February 10, 2011

Companies on the Move: Feb. 10
EGS Commercial Real Estate Inc. has recently completed four lease transactions, including one new lease agreement, one property sale and two lease expansions in the Birmingham area. Read More

FEBRUARY 9, 2011

SuccessEHS to add office space
SuccessEHS has plans to expand its office at Brookwood Metroplex in Homewood to accommodate its growth. Read More

FEBRUARY 2, 2011

EGS Commercial Real Estate says brokers wrap up 4 deals
EGS Commercial real Estate Inc. says its brokers have completed four leases renewal deals for nearly 25,000 square feet of industrial space in the Birmingham area. Read More

JANUARY 28, 2011

The Bottom Line
“Commercial real estate picked up by late 2010; however, I predict it will take two to three more years to see any significant new commercial developments. Read More

January 16, 2011

Reporter's notebook: Real estate is vital for Birmingham's economic recovery
Real estate is vital for Birmingham's economic recovery. What would a full recovery for Birmingham's commercial real estate market look like? Read More

January 5, 2011

EGS renews several leases
Several Birmingham companies have decided to stay put, according to EGS Commercial Real Estate, Inc., which recently renewed 78,000 square feet in local leases. Read More

January 3, 2011

City approves incentives for Brownell move
Up to $40,000 in incentives for Brownell Travel to move to The Summit received city approval Monday. Read More

December 28, 2010

EGS secures lease at Avondale Commerce Park
EGS Commercial Real Estate Inc. recently completed three renewal transactions at Avondale Commerce Park totaling more than 26,000 square feet of industrial space. Read More

December 22, 2010

EGS Closes 4 transactions
EGS Commercial Real Estate Inc. recently closed three new lease transactions and completed a lease renewal in the Birmingham area. Read More

December 1, 2010

Wholesale Tire moves operations to Pelham
Wholesale Tire recently relocated its operations from Florida to Pelham, according to the company that brokered the deal. Read More

November 23, 2010

EGS completes several lease transactions
EGS Commercial Real Estate Inc. announced 30,000 square feet of new and expanded local leases. Read More

November 19, 2010

Bham's 2010 commercial real estate market rated a flat '5'
According to Brad Moffatt, vice president of EGS Commercial Real Estate’s industrial division, several large plant closures, downsizings and warehouse consolidations have significantly impacted the market. Read More

November 19, 2010

What's your 2011 outlook for the commercial real estate market?
We are cautiously optimistic about the Birmingham industrial real estate market in 2011. As a result of the current vacancy levels, rental rates are extremely low and landlords are very aggressive on qualified projects. Read More

OCTOBER 29, 2010

Birmingham area commercial real estate occupancy rates remain low
Those looking for signs of a recovering economy shouldn't look at the Birmingham metro area's commercial real estate occupancy rates. Read More

OCTOBER 21, 2010

Industrial occupancy plummets to new low
Birmingham’s industrial real estate occupancy hit a new low in the third quarter, according to EGS Commercial Real Estate. Read More

OCTOBER 20, 2010

Companies on the Move: Oct.20
EGS Commercial Real Estate Inc. has recently completed four lease transactions, including one new lease agreement, one property sale and two lease expansions in the Birmingham area. Read More

OCTOBER 13, 2010

EGS announces several transactions
EGS Commercial Real Estate recently announced 49,000-square-feet in local leases and a recent land sale. Read More

OCTOBER 1, 2010

The Bottom Line: Office Space Guide
How do you feel the recession has impacted the relationship between tenants and brokers in the leasing process? Do you think it will have a long-term impact on their interaction? Read More

SEPTEMBER 22, 2010

EGS Closes on expansion, renewals
EGS Commercial Real Estate said it recently closed on nearly 37,000 square feet of local leases and expansions. Read More

SEPTEMBER 15, 2010

Companies on the Move: Sept. 15
EGS Commercial Real Estate Inc. recently closed four lease transactions, including two expansions and two renewals, within the Birmingham area. Read More

SEPTEMBER 1, 2010

Savela expands lease at Grandview
Savela Solutions recently renewed and expanded its lease at Grandview office park. Read More

SEPTEMBER 1, 2010

Companies on the Move: Sept. 1
EGS Commercial Real Estate Inc. recently closed one new lease, one lease expansion and one lease renewal in the Birmingham area. Read More

AUGUST 20, 2010

Q & A - An Interview with a Newsmaker: Emris Graham, Senior Vice President, EGS Commercial Real Estate, Inc.
Emris Graham, senior vice president at EGS Commercial Real Estate, believes Birmingham’s retail real estate scene has held its own during the recession, keeping a steady occupancy rate throughout the past year. Read More

AUGUST 11, 2010

Companies on the Move: August 11
EGS Commercial Real Estate Inc. recently closed three lease transactions in the Birmingham area. Read More

JULY 20, 2010

Positive signs in second quarter for Birmingham office, industrial leasing
Birmingham's office and industrial buildings finished the second quarter with more space being leased than vacated, a positive sign that an economic recovery could be hitting home in commercial real estate Read More

JUNE 15, 2010

Florida firm relocating distribution warehouse to Birmingham
A Florida-based company plans to relocate its Southeast distribution warehouse to Birmingham, said the company that negotiated its lease. Read More

JUNE 13, 2010

Birmingham area flooded with empty office space
A glut of sublease space threatens to slow Birmingham's office market recovery, prolonging what has already been one of the harshest commercial real estate markets for landlords in years. Read More

MAY 19, 2010

Companies on the Move: May 19
EGS Commercial Real Estate Inc. recently completed four lease renewals in the Birmingham area. EGS closed two lease renewals at Avondale Commerce Park, leasing a total of 3,120 square feet of industrial space. Read More

MAY 14, 2010

The Bottom Line
This week’s question: What’s your projection for the local commercial real estate market for the rest of the year? Which sectors do you expect to be strong and which do you expect to struggle? Read More

APRIL 23, 2010

Commercial real estate sector sees slight uptick
Birmingham’s hard-hit industrial real estate sector saw positive absorption for the first time in a year, according to a first quarter real estate report. Read More

APRIL 23, 2010

Report: Birmingham retail occupancy flat in 1Q
Occupancy in Birmingham’s retail real estate market remained flat in the first quarter, according to a report released Friday. Read More

MARCH 26, 2010

Two sides work together to keep DST's offices at Meadow Brook
DST Health Solutions was ready to make a move. With its lease at Meadow Brook 2500 in Meadow Brook Corporate Park coming due, the company was exploring other options and not rating the possibility of renewal very high. Read More

MARCH 25, 2010

Business Notes
Birmingham's EGS Commercial Real Estate Inc., completed several lease deals recently. Read More

MARCH 19, 2010

Birmingham area real estate suffered in 2009
All the industry's key sectors -- office, retail and industrial -- found the going tough in one of the roughest markets in memory. The findings in a new report by EGS Commercial Real Estate, one of the city's largest commercial real estate firms and a major player in all three sectors, tell the story. Read More

MARCH 17, 2010

Companies on the Move: March 17
EGS Commercial Real Estate Inc. recently completed two new lease agreements, a lease expansion and a lease renewal in Birmingham and Madison. Read More

MARCH 12, 2010

Commercial real estate deals cut in half in 2009
Commercial real estate volumes and transactions were nearly cut in half in the Birmingham market last year, as investors were held back by constraints in credit and weariness in the economy. Read More

FEBRUARY 24, 2010

EGS secures from roofing company, law firm
Birmingham’s EGS Commercial Real Estate said it recently completed 31,000 square feet of new and renewed local leases. Read More

FEBRUARY 11, 2010

EGS secures four manufacturing, office leases
Birmingham’s EGS Commercial Real Estate announced 75,000 square feet in renewed and expanded local leases through its company. Read More

JANUARY 26, 2010

EGS lease deals total 100k square feet
Birmingham’s EGS Commercial Real Estate Inc. announced nearly 100,000 square feet in recent local leasing activity. Read More

JANUARY 22, 2010

For sale: Former Moore-Handley HQ in Pelham
One of the largest and most prominent pieces of property in Pelham will stand empty after the contents of bankrupt Moore-Handley Inc.’s corporate headquarters and distribution facility are sold at auction next week. Read More

JANUARY 20, 2010

EGS report: Retail real estate stung by loss of 'big boxes'
MANY OF THE LARGEST Birmingham area retail centers are feeling the pain as the industry's big-box era moves into retreat, a closely watched real estate survey shows.
Read More

JANUARY 11, 2010

80-job pipe coating plant coming to Bessemer
A Pennsylvania company will invest $5 million and create 80 new jobs with a new plant in Bessemer. Read More

December 9, 2009

Group seeks use for closed tire plant in Opelika

BFGoodrich's decision to close a 1.6 million-square-foot tire plant in Opelika with 1,000 jobs threatens to leave tread marks on one of the state's most dynamic local economies. Read More

December 1, 2009

Commercial real estate: Warehouse space piling up in Birmingham area

Birmingham’s EGS Commercial Real Estate Inc. said it recently signed more than 52,000 square feet of local new and renewed leases. Read More

NOVEMBER 29, 2009

Commercial real estate: Warehouse space piling up in Birmingham area

Every segment of Birmingham's commercial real estate sector has felt real pain from a down economy, but the industrial real estate market has dealt with some industrial-strength suffering. Read More

NOVEMBER 13, 2009

Local commercial brokers see bright spots

The news wasn’t all bad Friday morning, as local commercial real estate professionals gathered for the annual CCIM/NAIOP Market Review. Read More

NOVEMBER 11, 2009

Tarantin Tank expands with Birmingham location

Birmingham’s EGS Commercial Real Estate announced 38,000 square feet of new and renewed leases. Read More

NOVEMBER 1, 2009

Bank of Tuscaloosa Plaza

Completed in August, this bank is the first commercial development on the Tuscaloosa riverfront that was built to protect the environment offering a clean environment for workers and creating minimal disturbances to the surrounding rural area. Built on 7.25 acres (2.9 hectares), the building blends into its natural surroundings and protects three wetland areas on-site. Read More

OCTOBER 26, 2009

Bessemer firm moving to larger facility

Birmingham’s EGS Commercial Real Estate announced more than 35,000 square feet of new and renewed leases in the area. Read More

September 29, 2009

Human Resources

EGS Commercial Real Estate hired McKenzie M. Golson as a member of its leasing and brokerage team. She will specialize in office and retail leasing and brokerage. Read More

September 25, 2009

Human Resources

Birmingham's EGS Commercial Real Estate Inc., recently completed one new lease and two lease renewal deals for companies in Birmingham. Marks and Weinberg PC leased 2,860 square feet of office space at 505 North 20th Street; Murray Bromstad of EGS represented the landlord and John Lauriello of Southpace Properties Inc. the tenant. Read More

September 17, 2009

Bank of Tuscaloosa Plaza earns green building certificate

The $32 million Bank of Tuscaloosa Plaza, which opens today, has strong Birmingham ties.The first commercial development in the Tuscaloosa Riverfront project, the 110,000-square-foot, four-story office building was designed by Birmingham's Giattina Aycock Architecture Studio. Read More

September 6, 2009

Food Terminal keeps tenants in tough times

There are few signs of a sour economy at the 1.1-million-square-foot Birmingham Food Terminal & Distribution Center off Finley Boulevard. Read More

September 1, 2009

Target Container renews lease

Target Container Co. has renewed its 80,500-square-foot lease at the Perimeter Industrial Park off Interstate 459 in Bessemer/McCalla. Read More

AUGUST 20, 2009

EGS closes two local leases

Birmingham’s EGS Commercial Real Estate Inc. said it recently closed on two local leases totaling 78,000 square feet. Read More

AUGUST 14, 2009

The Bottom Line

What do you expect from the local commercial real estate market in the final half of the year? “A growing trend in the Birmingham office market is the significant increase in sublease space. Read More

AUGUST 11, 2009

Retail vacancies on the rise:

Birmingham retail vacancies are climbing this year with little relief on the horizon. Read More

July 31, 2009

In the Trenches: Mark Byers

Mark Byers, a 22-year veteran of the industrial and commercial real estate industry, is executive vice president at EGS Commercial Real Estate Inc. Read More

July 10, 2009

A market rarity: New midtown office building opens

Birmingham’s surprisingly tight office market is about to get some new space. Read More

June 29, 2009

Inmark moves to Avondale from Pinson
Inmark Inc. will move its Birmingham facility from Pinson to Avondale Commerce Park, said the company that represented it in the new lease. Read More

June 23, 2009

Human Resources: Business

Birmingham-based EGS Commercial Real Estate Inc. recently completed three new leases and two lease renewals on office and industrial space in the Birmingham area. Read More

June 18, 2009

EGS lands local office, industrial leases

Birmingham’s EGS Commercial Real Estate said it recently brokered nearly 132,000 square feet in local office and industrial leases. Read More

May 30, 2009

Birmingham, Alabama, office vacancies below U.S. average

Birmingham's office market is holding up well compared to many of its Southeastern neighbors, according to a new report. Read More

May 17, 2009

Vacant retail sites likely to last in Birmingham area

Birmingham area retail centers are being plagued by an increasing number of empty store fronts as the worst economic downturn in more than a generation shows few signs of abating. Read More

May 12, 2009

EGS fills leases at Irondale's Commerce Square

Birmingham’s EGS Commercial Real Estate Inc. said it signed more than 31,400 square feet of renewed industrial leases at Commerce Square Drive in Irondale. Read More

May 1, 2009

Business Briefs - Estate Planning Council of Birmingham names officers

Deborah McGill might be a relatively new commercial real estate broker, but she’s hardly new to the world of industrial real estate. Read More

APRIL 24, 2009

Home Depot finishes distribution facility

The Jefferson County Economic and Industrial Development Authority confirmed that Home Depot has completed construction of its $33 million distribution center in its industrial park in McCalla. Read More

APRIL 21, 2009

EGS brokers new office, industrial leases

Birmingham’s EGS Commercial Real Estate said it recently closed on nearly 70,000 square feet of local industrial and office deals. Read More

March 27, 2009

EGS releases $8 million follow-up spec building in Shelby County.

Following up on its successful Shelby West Distribution Center, EGS Commercial Real Estate returns to fast-growth Shelby County and Alabaster with a new warehouse and distribution center, Shelby West Commerce Center. Read More

March 27, 2009

Changing of the guard: Biotech firm steps up to take former Saks Inc. HQ

Commercial real estate deals often illustrate a sign of the times or the transformation of a community. Read More

March 24, 2009

EGS signs four area leases

Birmingham’s EGS Commercial Real Estate Inc. said it recently completed nearly 41,000 square feet in new and renewed local leases. Read More

March 9, 2009

EGS: Ryder Integrated, others renew leases

EGS Commercial Real Estate Inc. said it recently renewed more than 34,000-square-feet of leases in the Birmingham area. Read More

March 6, 2009

Brokers: Seller financing on its way to Birmingham

Local commercial real estate brokers said a growing number of property owners are considering seller financing to get deals done and to free up capital. Read More

February 24, 2009

EGS signs distribution center in Bessemer

Birmingham’s EGS Commercial Real Estate Inc. said it recently brokered more than 107,000 square feet of local leases. Read More