Ackerman & Co Acquires Birmingham Distribution Center For $25.5M

Ackerman & Co has acquired a 307,200-square-foot distribution center located at 1532 Midfield Industrial Blvd, Birmingham, Alabama. The purchase price for the property was $25.5 million, and the price per square foot was $83.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $25,500,000
• Address: 1532 Midfield Industrial Blvd, Birmingham, AL
• Square Footage: 307,200
• Price per Square Foot: $83
• Buyer: Ackerman & Co
• Seller: Joe Piper Inc
• Broker: Philip Yost - CBRE

This acquisition marks Ackerman & Co's first investment in the state of Alabama. The distribution center, with its 307,200 square feet of space, will serve as a valuable asset for their operations in Birmingham.