Birmingham Welcomes New Investment with Warehouse Acquisition
Birmingham, AL – A significant real estate investment was made recently as **TruCore Investments**, based in Tulsa, Oklahoma, purchased a warehouse located at **3230 Messer Airport Highway** for **$5.82 million**. The transaction was finalized on **September 6** and marks a notable addition to Birmingham’s industrial landscape.
A New Chapter for a Historic Property
The newly acquired property spans an impressive **96,000 square feet** and sits on **4.36 acres** of land. Constructed in **1979**, the concrete building has a rich history in the area, having undergone various upgrades over the years. Most notably, in **2014**, its previous owner, **Berman-Alabama Co. Inc.**, invested **$5 million** into enhancing the facility. This included installing **two 220,000-pound furnaces**, a **pollution control system**, and two **casting and cooling lines**.
Plans for Improvement
According to a statement from **Zach Harris**, managing director and partner at TruCore Investments, the acquisition aligns with the company’s strategy focusing on **Class B Industrial investments**. Harris remarked, “Birmingham is the most populous market in Alabama and was founded on a culture of entrepreneurship and resiliency.” He added that a diverse array of companies thrive in Birmingham, leveraging the city’s **vast transportation network**.
The property currently houses tenants, including **Bermco Aluminum**, **Fletcher Supply**, and **Radiators Inc.** of Birmingham. Notably, there is still about **60,000 square feet** of vacant space that TruCore plans to improve to enhance functional and aesthetic aspects of the building. The facility boasts **14 drive-in doors**, **30 dock doors**, and **48 parking spaces**, providing ample access for incoming and outgoing shipments.
Who Represented Whom?
In this recent deal, **Chip Watt** from **Watts Realty** represented the seller, while **Jake Bottcher**, **Edwin Moss**, and **Sonny Potter** from **JH Berry** represented TruCore Investments. The partnership between these local brokers suggests a strong connection to the Birmingham community, reinforcing the value of local expertise in navigating such transactions.
Growing Industrial Sector
The new investment in Birmingham comes at a time when the industrial landscape in the region is notably active. In fact, there are reports of additional industrial developments, including a **$10.6 million** investment by a building supply company into a **23,000-square-foot manufacturing facility** in **Fort Payne**, as well as a **$5.2 million** purchase of two industrial properties in **Trussville**. Furthermore, a vacant office/warehouse property in **Calera** has recently sold for **$15 million** to an Arkansas-based buyer.
A Boost for the Future
As TruCore Investments works on revitalizing the Messer Airport Highway property, the impact is expected to ripple through the local economy, potentially creating job opportunities and enhancing the industrial capabilities of the area. With a focus on updating and improving the infrastructure, Birmingham continues to be a focal point for emerging investment, fostering a business-friendly environment for growth.
This warehouse acquisition is just one example of how Birmingham is positioned as a prime candidate for future economic development in Alabama’s industrial sector. As investments continue to flow into the area, residents and business owners alike are hopeful for a thriving future.
