Harbert Realty Services Represents Valley National Bank in Downtown Relocation and Hwy 280 HQ Building Sale
Harbert Realty Services Executive Vice President West Harris represented Valley National Bank in their downtown Birmingham relocation and the sale of their Highway 280 headquarters. Valley National Bank’s Commercial Loan Officers relocated to the SAKS Building, located at corner of 1st Ave North and 19th Street North. The relocation was driven by an interest in being more accessible to clients as well as having new modern office space for customers and staff. Pete Pritchard is the architect for SAKS and designed Valley’s new office space.
Valley National Bank’s 25,235 square foot former corporate headquarters building was purchased by J&M Transportation. J&M is expanding and plans use the building for their new corporate headquarters just as Valley did. Blake Crowe with Southpace Properties represented J&M in the building acquisition.
“Harbert Realty Services was pleased to assist Valley National Bank devise and execute a business plan that timed the relocation of the bank’s executive teams downtown with the disposition of their 280 building to J&M,” stated Harris.
Valley National Bank’s retail division retained offices and a branch on 280 at Meadow Brook Corporate Park to continue to serve clients in the area.
About Harbert Realty Services, LLC
Founded in 1983, Harbert Realty Services, LLC (HRS), is a privately held commercial real estate organization with a clear mission: Create value for our clients and investor partners. HRS is headquartered in Birmingham, Alabama and retains a team of more than 60 real estate professionals that are experts in the office, retail, medical and multi-family sectors. HRS has built its footprint throughout the southeastern United States with offices in Atlanta, Orlando and Jacksonville Florida. HRS is focused on delivering best-in-class real estate expertise in Brokerage, Leasing, Project/Construction Management, Property/Asset Management, Tenant Representation, Development and Investment Services. Separately, HRS owns Harbert Multifamily Advisors (the multifamily investment sales leader in the mid-South) and Harbert Lease Solutions (a global lease administration and real estate accounting service provider). As a majority owned subsidiary of Harbert Management Corporation www.harbert.net, HRS’ mix of experience, resources and reach provides our clients a comprehensive array of professional real estate services. Value Creation Begins, Here. Learn more about HRS at www.harbertrealty.com.