With a population of over 1.2 million, Birmingham is the largest city in the state of Alabama. In recent years Birmingham has pivoted from the steel and iron industry to serving as a medical and financial hub attracting universities, insurance, banking and communication companies, rendering it as one of the financial capitals of southern U.S, and one of the largest U.S banking hubs. Some of the city prominent corporate tenants are the corporate headquarters of Regions Financial Corporation (NYSE:RF), and five other fortune 100 companies and fortune 500 companies.
The asset is located in south Birmingham at the fastest growing and affluent Homewood submarket adjacent to route 65 for a short 10 minutes commute to downtown. Nearby there are several shopping centers with large national retailers, restaurants and entertainment venues. The asset is in close proximity to major employers with total workforce of over 30,000.