500 Corporate Pkwy, Birmingham, AL 35242

Jones Lang LaSalle (“JLL”) as exclusive advisor is pleased to

offer the opportunity to acquire 500 + 1200 Meadow Brook

North (“The Properties”), a stabilized two building office

portfolio located along the growing Hwy-280 corridor in

Birmingham, Alabama. At 93% leased across 265,032 SF,

Meadow Brook North demands top-of-market rents and

outperforms its corridor’s peer set.

Built in 1987 & 1988, The Properties underwent extensive

renovations after SDM Partners’ acquisition with Blue Vista

in 2017. With everything from elevator modernizations

to renovated tenant experiences, invested capital has

solidified the Properties as top-of-line product amidst

the corridor. The renovation, coupled with growth along

the corridor, has lead to substantial leasing velocity at the

Properties. With over 260K of leases signed over the last

5 years, Meadow Brook North is currently capturing the

most demand across the corridor. Through this heightened

demand, Ownership has been able to curate a risk-adverse

and boutique rent roll of smaller deals with even rollover.

As market norm leans toward shorter deal term, there is

a continuous opportunity to stay nimble and mark rents

to market with renewals or rollover. Due to the extensive

capital renovations, ownership has been able to push rents

at the Properties 30% since acquisition. Keeping operating

expenses stable, this increase in rate has produced a

significant increase to annual cash flow, offering the next

investor attractive cash returns. With easy access, healthy

suburban amenity base, shifting corridor dynamics as the

population grows along the I-280 corridor, Meadow Brook

North is in a great location to continue to experience this

demand.

500 + 1200 Meadow Brook North provides an unmatched

investment opportunity to acquire stable suburban office

buildings with attractive annual cash returns and value

creation with proven leasing momentum in a growing

secondary market.