Gallet Buys Office Bldg. in Entrepreneurial Center

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

Gallet Buys Office Bldg. in Entrepreneurial Center

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

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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.


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