Hydinger Stewart & Chew Commercial Properties is proud to represent clients and properties in the retail, office, medical, industrial, land, multi-family and hospitality sectors. Our client list reads like a who’s who of Alabama corporations that span a wide variety of industries with a broad array of real estate property needs. Whether buying, selling, leasing, managing or developing properties. HSC Commercial Properties is honored to partner with companies as they grow in exciting new directions. Not limited to large corporations and recognizable brands along, we are honored to help pave the way to growth for small businesses by finding the ideal real estate solution to fit their vision. In addition to a legacy of experience, professionalism and results, we often display our talent for creativity to find the right solutions and achieve the best results on behalf of our clients.
Medical Build-to-Suit of Urology Centers of Alabama and Shelby OB/GYN
Hydinger Stewart & Chew served as a fee-based developer that was integrally involved in every aspect of development including procurement of tenants, site selection, zoning, financing, and ultimately construction – with Thornton Hydinger taking the lead. A challenging endeavor, this project involved zoning issues and multiple partners. At the successful conclusion of this project, both clients were able to expand their medical services to an underserved area.
Irondale Mobile Home Park
Helmed by HSC Principal, Andrew Loveman, while with another brokerage firm, this project involved 153 mobile home lots. A family had owned this property for decades before there were zoning ordinances. When it came time to sell the property, one parcel was zoned improperly for its use as a mobile home park. Additional challenges of this project included right of way issues due to an interstate being built across the property decades earlier, and most of the property was in a flood plain or flood zone although the mobile home park was in place prior to those designations. Representing the owners, this project took months and a wealth of patience to get the one parcel rezoned, purchase part of the right of way and to get the entire property surveyed by an engineering firm to prove that all 153 lots were above the 100-year Base Flood Elevation. In the end, Andrew was able to sell the property – at which time the former owners were able to take the sale proceeds and purchase a less labor-intensive management property via a 1031 tax exchange – giving them income for years to come.
Goodwill Industries – Multiple Thrift Store and Donation Center Developments Central and North Alabama
17 Leases executed with a combined square footage of 131,744
Serving as buyer/tenant broker for the client, HSC team members Julie Baggett and Wes Cline rose to the challenge of changing perceptions among prospective landlords. Their client’s image in the market was negative, and landlords were reluctant to consider them as a tenant in their shopping centers – many of which were class A centers. To overcome this hurdle, the team prepared marketing brochures using pictures from other Goodwill markets to show the new vision and strategy of the company. Along the way, they found that even some of the retailers in the centers needed convincing – so the brochures were useful there, as well. Once HSC was able to help Goodwill open their stores in a couple of new centers alongside leading retailers, other landlords began to pursue HSC for this client to become a tenant. Since first launching a relationship with Goodwill Industries in 2018, HSC continues to develop territory for this client.
Baptist Health Corporate Headquarters Relocation
Combining the talents of all three partners – Hydinger, Stewart and Chew – the firm was asked and took on the role of landlord rep to fill a huge hole in a 120,000 SF office building in Midtown Birmingham. Over the course of the three-month transaction, a considerable challenge of this project was helping the owner to understand the value of making a deal with such a highly visible and established tenant. When all was said and done, the building could boast total occupancy – allowing the owner to refinance and achieve maximum performance of the property.