Gallet Buys Office Bldg. in Entrepreneurial Center

April 25, 2007 E-mail this article
Print this article
Written by Robert C. Knauf

Gallet Buys Office Bldg. in Entrepreneurial Center

Innovation Depot Sells 48,000-SF Bldg. in Downtown Birmingham

var saPhotos = new Array (“E66F0C9589C7AEB725EFD6D2EE54ED85”); var iNoOfPhotos = saPhotos.length; var iIndex = 0; var sSRC = “/imageviewer/GetThumbnail.aspx?atype=4&”; function RotatePhoto(piIncrement) { if (iIndex + piIncrement >= iNoOfPhotos) { iIndex = 0; } else if (iIndex + piIncrement

“); document.writeln(”

“); document.writeln(““); document.writeln(“ “) document.writeln(“1 of ” + iNoOfPhotos.toString()); document.writeln(”

“); document.writeln(“next >“); document.writeln(“

Gallet & Associates Inc. purchased the office portion of the Entrepreneurial Center, an office and industrial complex in Birmingham, AL, for $2 million, or about $42 per square foot. The seller was Innovation Depot Inc.

The 48,000-square-foot office building was constructed in 1950 and renovated in 1990, and sits at 110 12th St. North in the city’s Central Business District. Gallet & Associates will occupy about 38,000 square feet in the building in August, and lease out the remainder of space. The firm provides construction services, geotechnical engineering, construction materials testing, and environmental services in the southeastern United States.

Entrepreneurial Center also includes three warehouses totaling 32,370 square feet.

Walter Brown and Ogden Deaton of Graham & Co. represented the seller, while John Hardin of Southpace Properties Inc. represented the buyer.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: