Birmingham office portfolio trades for $28.25M

ATLANTA, Aug. 12, 2026 – JLL Capital Markets announced today that it has completed the $28.25 million sale of 500 and 1200 Meadow Brook North, a two-building office portfolio totaling 265,032 square feet in Birmingham, Alabama.

JLL represented the seller, SDM Partners, LLC & Blue Vista Capital Management, and procured the buyer, Gorney Realty Co.

Built in 1987 and 1988, 500 and 1200 Meadow Brook North offer 135,158 square feet and 129,874 square feet, respectively. Together they are 93% occupied and feature best-in-class amenities, including renovated tenant lounges, grab-and-go markets, conference centers and fitness centers. Meadow Brook North's diverse tenant base spans multiple industries, including financial and insurance, healthcare and life sciences, real estate, professional services and technology. Notable anchor tenants include Cadence Bank and Lake Homes.

The properties are strategically located along the Highway 280 corridor in Birmingham, positioning them as the "first-in" Class A office option on the corridor. The immediate area surrounding 500 and 1200 Meadow Brook is highly amenitized with a variety of shopping, dining and entertainment options, including Brook Highland Plaza, Village at Lee Branch, Iverness Heights and River Ridge. Additionally, the portfolio benefits from immediate access to Birmingham's most affluent neighborhoods, including Mountain Brook, Vestavia Hills and Homewood, which are within a 10-to-15-minute drive time and are sought after areas for top-tier employers and employees.

The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Directors Huston Green and Senior Managing Director Richard Reid.

"Meadow Brook North has emerged as the leading office park across the Highway 280 corridor, capturing the most leasing demand in the market," said Green. "With over 260,000 square feet of leases signed over the past five years and rental rates increasing 30% since acquisition, these properties deliver exceptional leasing velocity and proven rental rate growth. The risk-averse tenant base, smooth lease rollover, and $4.2 million in recent capital improvements position Gorney Realty Co. to continue capitalizing on the strong fundamentals driving this market."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

Founded at the start of 2009, SDM is an Atlanta based investor, operator of opportunistic CRE assets. The firms’ focus revolves around identifying and creating value while leveraging almost 45 years of industry experience, relationships and a great team of professionals.

Founded in 2002, Blue Vista is a real estate investment firm that sponsors niche-focused private fund and separate account strategies on behalf of institutional investors, including public and private pension funds, endowments and foundations, sovereign wealth funds, insurance companies, corporations and family offices. Since inception, Blue Vista has invested $15.0 billion in total capitalized value as of March 31, 2026.

Gorney Realty Co. LLC (www.gorneycre.com) has operated in Nashville commercial real estate since 1993, building a track record across acquisition, repositioning, and long-term asset management. The firm focuses on infill, multi-tenant assets under 250,000 SF across Tennessee’s primary and secondary markets.

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.