Birmingham Business Journal
EGS building $8 million follow-up spec building in Shelby County
Following up on its successful Shelby West Distribution Center, EGS Commercial Real Estate returns to fast-growth Shelby County and Alabaster with a new warehouse and distribution center, Shelby West Commerce Center.
At 154,000 square feet, the space could be divided into spaces of varying size to accommodate a range of users.
"Given the nature of the construction and the layout of the building, it has been designed to accommodate tenants anywhere from 20,000 up to 60,000 square feet," EGS Chairman Marc Eason said. "It's especially designed with smaller tenants in mind. That was a niche we felt needed to be filled in that market."
Distribution centers tend to favor bigger users, he said.
"These big boxes are 300 to 400 square feet deep, which forces people into at least 50,000 square feet," Eason said. By building shallow, EGS hopes to broaden the scope of possible users.
EGS' earlier Shelby West Distribution Center opened in early 2007 at 250,000 square feet. This new project will take advantage of many of the same inherent attributes of the location, including ready highway access, proximity to the county airport facility and a fast-growing local residential and commercial base.
The building, which should open this spring, could have a ripple effect as well, drawing other area developers while also serving the local business population.
INSIDE THE DEAL
The basics: After their successful Shelby West Distribution Center, EGS Commercial Real Estate forged ahead on their next spec project - the Shelby County Commerce Center
Why it's a big deal: The speculative project is designed to attract a diverse range of users by offering a variety of space sizes and configurations. Once a tenant is found, it will create more jobs in the Alabaster area.
Deal value: $8 million
Space Size: 154,000 square feet
Expected opening date: April 2009
Architect: Goodwyn Mills & Cawood
General contractor: Brasfield & Gorrie
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