News Properties LLC has purchased a Birmingham, Ala., building for $1.5 million that it intends to convert to self-storage. The local design-review committee, a sub-board of planning and zoning, approved the concept for what was once “The Birmingham News” production building in February, according to the source.
The 1.6-acre property at 2200 4th Ave. N. has been vacant since Alabama Media Group (AMG) moved the newspaper’s printing to Atlanta last year. Built in 1982, the building comprises 97,000 square feet of space. The self-storage facility will be designed by Birchfield Penuel & Associates, a local architecture, interior design and planning firm.
“As a Birmingham native, we are excited to be a part of the continued revitalization of downtown Birmingham,” said Brent Fields, co-owner of News Properties and the administrative officer for the Alabama Self Storage Association. “We look forward to providing first-class service in this self-storage project for the business community and the growing residential population in the city center.”
Birmingham-based News Properties was represented in the transaction by Eddie Greenhalgh, first vice president of investments for Marcus & Millichap, a commercial real estate firm. The seller, AMG parent company Advance Local Media LCC, was represented by William Ledbetter and Christy Roddy, brokers for EGS Commercial Real Estate, an alliance member of commercial real estate firm Cushman & Wakefield.