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Property Name: Grandview II
Location: Birmingham, Alabama
Description: Grandview II is a six-story, Class A office building sitting on 8.44 acres near Highway 280 and I-459. It is part of a larger planned development called Grandview Corporate Park that includes two hotels, an apartment complex, three additional office buildings and two restaurants. The Summit Shopping Center, one of the area's most exclusive shopping destinations, is nearby. Grandview II is the newest building in the Highway 280/Southern submarket and provides the Fund with geographical diversification and solid cash flow from a core asset that was 92 percent leased at acquisition and is expected to benefit from increasing occupancy and escalating market rents.
Year Built: 1998
Asset Size: 149,463 sq. ft.
Asset Submarket: Highway 280/Southern
Acquisition Date: October, 2006
Tenant Mix: Finance and Insurance, Professional Services, Real Estate
Investment of
Behringer Harvard
Fund(s):
REIT I

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