The new offices of Retail Strategies and Retail Specialists win the BBJ's "Deal of the Year" award.

Deal of the Year

Deal of the Year:
2200 Magnolia Ave.

By Brent Godwin  – Real Estate Editor, Birmingham Business Journal
Mar 11, 2019

A historic warehouse building at 2200 Magnolia Ave. near Five Points South was transformed into the new office for growing companies Retail Specialists and Retail Strategies in a project that used historic tax credits.

The players: Mike Mouron and Capstone Development; Stewart Perry; William Blackstock; Robertson Banking Co.; Sonny Culp of Graham & Co. of J.H. Berry

Key Fact: The 2.8 Acre site and 29,000 sqft warehouse were formerly owned by Southern Research Institute. In order to qualify for Tax Credits it was necessary to form a new Historical District.

There has been considerable activity in Five Points, and the redevelopment of Southtown has generated great interest, but the area between these two nodes has seen little new development. Under its historical name the building received $1.66 Mil of State Historical Tax Credits in the initial round of the new program, and worked with Alabama Saves to further drive down the cost of capital.

Mike Mouron

Photos courtesy of Craig Roderick and Sara Beck, American Road Trip Photography

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My relationship with the Retail Strategies team has been extremely valuable over the last couple of years as I’ve searched for sites in the Southeast. They have been persistent and provided any information they could gather for available properties that fit my criteria. If they received news that a space was coming available they made sure to immediately give me a call and connect with the owners. I would recommend using this service to any of my colleagues looking in their client cities.

Walter Kelly, Broker

Arc Realty

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Retail Strategies has been a tremendous asset to Cypress. They have access to industry and business intelligence in an immensely competitive retail environment. The relationships they develop with commercial/retail property owners delivers results for the city because Retail Strategies excels at marketing their clients.

Peter Grant, City Manager

Cypress, CA

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