Thursday, Aug 31st, 2017
Hand Arendall is set to become the first new tenant in Merchants Plaza after signing a lease to relocate its current Mobile offices. The firm will occupy three floors of the eight-story office building located at St. Francis and Royal Streets. Heritage Land & Development purchased the $30 million redevelopment project in downtown Mobile just three months ago.
Extensive buildout is planned, and the work will begin immediately according to Dean Nix of Harbert Realty who represented the landlord. Dan Lovell and Eric Getty with Graham & Company and Jeff Barnes of Stirling Properties represented the tenant.
“Hand Arendall recently relocated its Birmingham offices to the Historic Federal Reserve re-development in downtown Birmingham, so we felt like Merchants Plaza in Mobile could offer a similar opportunity that complements the firm’s strategic plan,” said Preston Bolt, managing lawyer of Hand Arendall’s Mobile office. “We are excited to be a part of this downtown revitalization project, and proud to renew our commitment to downtown Mobile.”
“This project is a perfect fit for Hand Arendall’s needs. We are looking forward to having the firm in Merchants Plaza, and they are the first of many great tenants headed our way,” said John Glassell, principal of Heritage Land & Development.