Content about Geography of Alabama

April 4, 2014

Cypress Equities has acquired Brookwood Village, a mixed-use development in the affluent Mountain Brook area of Birmingham, Ala.

DallasCypress Equities has acquired Brookwood Village, a mixed-use development in the affluent Mountain Brook area of Birmingham, Ala.  A fund managed by Cypress’s real estate investment management group carried out the transaction.

The 816,000-sq.-ft. center consists of a 604,000-sq.-ft., two-level enclosed mall, a 41,900-sq.-ft. grocery-anchored retail component and a nine-story 170,000-sq.-ft. Class A office building.  

March 10, 2014

Whole Foods Market has signed a lease for 40,000 sq. ft. at The Summit in Lexington, Ky.

Birmingham, Ala. — Whole Foods Market has signed a lease for 40,000 sq. ft. at The Summit in Lexington, Ky. Currently under development by Bayer Properties LLC, The Summit Lexington is a mixed-use project with 450,000 sq. ft. of retail and restaurants plus 306 multi-family residential units.

Phase I of the project will open during the spring of 2016 with 340,000 sq. ft. of retail and the full complement of the planned 306 residential units. Phase II will add 110,000 sq. ft. of retail.

March 3, 2014

Dunkin’ Donuts is recruiting franchisees in Dothan, Ala. Currently, there are 18 Dunkin’ Donuts restaurants located throughout Alabama.

Canton, Mass. – Dunkin’ Donuts is recruiting franchisees in Dothan, Ala. Currently, there are 18 Dunkin’ Donuts restaurants located throughout Alabama. To help fuel growth in Dothan, special development incentives are available, which include reduced royalty fees for three years and up to $10,000 in local store marketing.  

December 3, 2013

When compared with a baseline shopping period of mid-October of this year, total mobile visits on Thanksgiving and Black Friday increased 93%.

New York -- When compared with a baseline shopping period of mid-October of this year, total mobile visits on Thanksgiving and Black Friday increased 93%. Data from multichannel platform provider Usablenet also shows that overall mobile transactions increased 219% and total revenue from mobile transactions increased by 368%.

In addition, average order value increased by 56.3%, conversion rates increased by 93%, and shoppers spent an average of 47 seconds longer on site (the average length of visit was just more than six minutes per site).

October 22, 2013

The majority of companies will be increasing their budget for mobile marketing over the coming year, according to research published by Econsultancy and BuyDesire.

New York -- The majority of companies will be increasing their budget for mobile marketing over the coming year, according to research published by Econsultancy and BuyDesire. Seven out of every 10 companies have stated that they will spend more on mobile marketing in the next 12 months, as they seek to keep up with the mobile revolution.

October 10, 2013

Hhgregg opened a new store in Huntsville, Ala., on Oct. 10.

Indianapolis – Hhgregg opened a new store in Huntsville, Ala., on Oct. 10. The new store replaces a previous location at a different address.

"We are excited to introduce a new, modern store to our customers in Huntsville," said Jeff Pearson, senior VP of marketing for Hhgregg. "We hope that residents will take advantage of special sale pricing on a wide variety of appliances, electronics, furniture and much more."

October 3, 2013

West Elm, a division of Williams-Sonoma, will open a store in Birmingham, Ala., on Thursday, Oct. 10.

Brooklyn, N.Y. - West Elm, a division of Williams-Sonoma, will open a store in Birmingham, Ala., on Thursday, Oct. 10. The 8,000-sq.-ft. store is located in The Summit Birmingham shopping center.
 

October 2, 2013

SRS Real Estate Partners www.srsre.com has opened the doors to a new office in Birmingham, Ala.

DallasSRS Real Estate Partners has opened the doors to a new office in Birmingham, Ala. The company has also brought in Martin Smith to serve as senior VP and co-market leader alongside Josh Burmeister.

A 13-year veteran of the commercial real estate industry, Smith specializes in landlord representation, tenant representation and investment sales. Prior to joining SRS, he spent seven years with Retail Specialists, where he was director of brokerage and project leasing.
 

September 30, 2013

Von Maur Department Stores will open its 29th store at Riverchase Galleria Mall in Hoover, Ala., on Nov. 2

Davenport, Iowa -- Von Maur Department Stores will open its 29th store at Riverchase Galleria Mall in Hoover, Ala., on Nov. 2. Located just outside of Birmingham, Ala., the three-level, 185,000-sq.-ft. store will be the company's first location in Alabama and will become one of Von Maur's largest stores in the country.

September 20, 2013

A fund managed by Cypress Equities has acquired Promenade Tannehill in Bessemer, Ala., a suburb of Birmingham.

Dallas — A fund managed by Cypress Equities has acquired Promenade Tannehill in Bessemer, Ala., a suburb of Birmingham.

Tannehill is a 347,151-sq.-ft. regional power center that opened in 2008 and presently houses more than 30 retailers, including Target, Publix, J.C. Penney, Michaels, PetSmart, Premiere Cinemas, Charming Charlie, Anna’s Linens and Ross Dress For Less.

 

September 13, 2013

Cloud-based e-commerce, mobile apps and mobile wallets are among the most important IT trends affecting retailers as they enter the 2013 holiday shopping season.

New York – Cloud-based e-commerce, mobile apps and mobile wallets are among the most important IT trends affecting retailers as they enter the 2013 holiday shopping season.

Verizon Communications, Inc. has compiled a list of the biggest IT trends for this year’s holiday season. Following are highlights:

July 8, 2013

Belle Foods plans to close 13 stores by Aug. 3, including six in Alabama, according to a report by the Birmingham Business Journal.

New York -- Belle Foods plans to close 13 stores by Aug. 3, including six in Alabama, according to a report by the Birmingham Business Journal. The shutters are part of a reorganization following the chain’s Chapter 11 bankruptcy filing.

Of the 13 store closures, 12 are Food Worlds and one is a Piggly Wiggly.

 

June 27, 2013

Minneapolis -- The Opus Group has completed construction of a 42,300-sq.-ft. store for outdoor retailer Gander Mountain in Tuscaloosa, Ala.

Opus also constructed the Gander Mountain store in Valdosta, Ga., and provided construction management services for the store in Opelika, Ala. In addition, the retailer has awarded Opus a contract for a 45,600-sq.-ft. store in Albany, Ga.

 

May 6, 2013

Brentwood, Tenn.-based GBT Realty has completed construction on Huntsville, Ala.’s first Academy Sports + Outdoors.

Huntsville, Ala. -- Brentwood, Tenn.-based GBT Realty has completed construction on Huntsville, Ala.’s first Academy Sports + Outdoors. The 72,000-sq.-ft. store, which opened on April 26, is the third Academy Sports development for GBT. Reed Construction served as site contractor and Stewart Perry Construction as general contractor on the project.

GBT completed construction in fall 2012 for stores in Mobile, Ala., and Smyrna, Tenn.

 

March 22, 2013

Birmingham, Ala.-based Bayer Properties said it has been engaged by Institutional Mall Investors to oversee management of Bridge Street Town Centre, a mixed-use outdoor fashion center in Huntsville, Ala.

Huntsville, Ala. -- Birmingham, Ala.-based Bayer Properties said it has been engaged by Institutional Mall Investors to oversee management of Bridge Street Town Centre, a mixed-use outdoor fashion center in Huntsville, Ala. IMI’s assets now represent 2 million sq. ft. of Bayer’s 12 million-sq.-ft. owned and managed portfolio.

January 29, 2013

Google is poised to win the “mobile wallet war” according to a survey of attendees at the National Retail Federation’s annual 2013 convention in New York.

Naples, Fla. -- Google is poised to win the “mobile wallet war” according to a survey of attendees at the National Retail Federation’s annual 2013 convention in New York. The survey was conducted by ACI Worldwide, a leading international provider of payment systems. 

December 12, 2012

Nashville-based Baker Storey McDonald, an X Team International partner, said it has acquired its first property in Huntsville, Ala.

Huntsville, Ala. -- Nashville-based Baker Storey McDonald, an X Team International partner, said it has acquired its first property in Huntsville, Ala. The firm purchased Whitesburg Center for $6.7 million.

The 51,943-sq.-ft. shopping center is tenanted by Dollar Tree, Mattress Firm, Cheeburger Cheeburger and Baskin Robbins, among others.

Baker Storey McDonald will manage and lease the center.

 

March 14, 2012

Alabama’s number-one shopping destination can now say that it is not only getting a new Von Maur department store, but also a full-scale renovation.

Alabama’s number-one shopping destination can now say that it is not only getting a new Von Maur department store, but also a full-scale renovation.

General Growth Properties and Jim Wilson & Associates’ Riverchase Galleria, located in Hoover, Ala., has unveiled a massive redevelopment project that will include expansive updates, modernization, and enhancement of both the interior and the exterior of the property.

March 13, 2012

Chicago-based General Growth Properties and Montgomery, Ala.-based Jim Wilson & Associates announced that Von Maur department store will open at Riverchase Galleria, in Hoover, Ala.

Hoover, Ala. -- Chicago-based General Growth Properties and Montgomery, Ala.-based Jim Wilson & Associates announced that Von Maur department store will open at Riverchase Galleria, in Hoover, Ala.

Alabama’s first Von Maur will open in 2013, featuring a 187,000-sq.-ft. store that will join Macy’s, Sears, J.C. Penney and Belk anchors.

September 15, 2011

Jacksonville, Fla.-based Regency Centers said it has leased retail space in Fairhope, Ala., to two new tenants.

Fairhope, Ala. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space in Fairhope, Ala., to two new tenants.

Fairhope Cosmetic Dentistry leased 2,000 sq. ft. of medical office space and opened in August. Additionally, Roy Rose Jewelry has leased 2,000 sq. ft. of retail space and is slated to open in the middle of September.

The 84,740-sq.-ft. shopping center is anchored by Publix Super Market alongside national retailers such as Merle Norman and Iberia Bank.
 

July 27, 2011

Birmingham, Mich.-based commercial real estate development firm Robert B. Aikens & Associates LLC announced that it has acquired the Pine Ridge Square center, located in Gaylord, Mich.

Gaylord, Mich. -- Birmingham, Mich.-based commercial real estate development firm Robert B. Aikens & Associates LLC announced Wednesday that it has acquired the Pine Ridge Square center, located in Gaylord, Mich.

At 189,000 sq. ft., Pine Ridge Square is home to Big Lots, Dunham’s, Bath & Body Works, GNC and Payless Shoe Source. The center currently has 30,000 sq. ft. available for lease.
 

May 31, 2011

Dick’s Sporting Goods announced Tuesday that it will celebrate the grand opening of its tenth Alabama store, which opened at Jubilee Square in Daphne, Ala.

Pittsburgh -- Dick’s Sporting Goods announced Tuesday that it will celebrate the grand opening of its tenth Alabama store, which opened at Jubilee Square in Daphne, Ala.

The chain’s celebration, spanning June 3-5, will feature appearances by college and professional football players and a professional bass angler, as well as a variety of giveaways.
 

December 21, 2010

Dollar General is considering a plan to build a $60 million distribution center in Bessemer that could create up to 650 jobs, the Birmingham Business Journal reported.

New York - Dollar General is considering a plan to build a $60 million distribution center in Bessemer that could create up to 650 jobs, the Birmingham Business Journal reported. 

The new facility would be the 10th distribution center for Dollar General (NYSE: DG), according to Tawn Earnest, senior director of corporate communications for the company. The company is seeking incentives from local governments for the project.

December 14, 2010

Coyote Management, LP and Garrison Investment Group, through their affiliates, announced they acquired Decatur Mall, in Decatur, Ala., and Lakeshore Mall, in Gainesville, Ga., in September and have made enhancements and changes to the properties.

Addison, Texas -- Coyote Management, LP and Garrison Investment Group, through their affiliates, announced they acquired Decatur Mall, in Decatur, Ala., and Lakeshore Mall, in Gainesville, Ga., in September and have made enhancements and changes to the properties.

A new corporate ad campaign for both malls was launched Nov. 1, and each mall has added a Customer Service Center, a new MasterCard gift-card program, children’s stroller program, new website and social media.

October 4, 2010

Chattanooga, Tenn.-based CBL & Associates Properties said Monday that it had acquired the remaining 50%...