Daniel Corporation announces the acquisition of the 392 unit Grand Highlands of Mountain Brook apartment community located on Overton Road in Vestavia Hills, Alabama. The acquisition together with Daniel’s Vestavia Reserve community furthers the firms operations in the metro area and when combined with several strategic office acquisitions increases Daniel’s recent investments in Birmingham commercial properties to over $100 MM on aggregate.

“We are always looking for value enhancement opportunities across our footprint of operations but are especially excited to make new investments in our hometown of Birmingham”, commented Daniel EVP Justin Weintraub. “Our ability to acquire this irreplaceable asset on an off-market basis is a testament to the attractiveness of Daniel Corporation as an investor, partner and operator. Daniel is proud of our 54 years as a leading commercial real estate investment, development and services company in Birmingham. While we continue to make substantial investments in projects across the Southern Region, we believe in our city. We are bullish on our future and committed to being a part of great things happening here.”

The acquisition of Grand Highlands follows a series of transformative investments and developments undertaken by Daniel Corporation in the Birmingham market over the past several years. These include the award winning Lane Parke mixed use development in Mountain Brook, Patchwork Farms in Vestavia Hills and Grandview Medical Center along the 280 corridor in southern Birmingham.

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The 21,000-square-feet store is H&M’s fourth store in Alabama and the second in the Birmingham area. Last year, the Stockholm, Sweden-based retailer opened in the Galleria in Hoover.

Click here to read the rest of the AL.com article.

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Vestavia Reserve is a 272-unit luxury apartment community located in the bustling Patchwork Farms community of Vestavia Hills, Alabama adjacent to Lifetime Fitness and a few minutes from the new Grandview Medical Center.

The property provides resort-style amenities, saltwater pool and expansive green space delivering an enhanced and elevated lifestyle. The diverse mix of one-, two-, and three-bedroom floorplans provide a wide-range of living options. The apartments feature hardwood floors, spacious gourmet kitchens, granite countertops, designer backsplashes and stainless steel appliances.

The development is a partnership between Daniel and The Rime Companies and opened spring 2016.

Click here to read the Birmingham Business Journal article.

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