NAI Mobile Handles 7th Transaction in 2 Years on St. Louis St. in Downtown Mobile
Mobile, AL, October 12, 2016 - The Downtown Mobile District Management Corporation recently purchased 6,200 square feet of office/warehouse space located at 711 St. Louis St. in downtown Mobile. The buyers, better known as the Downtown Mobile Alliance, will be relocating their BID Services storage facility to the property. Jay Roberds of NAI Mobile handled the transaction. This will be the seventh real estate transaction on St. Louis St. NAI Mobile has brokered within the past two years.
The St. Louis St. corridor has seen a rise in commercial development and property restoration lately, including the rehabilitation of the historic Buick Building and the new Federal Courthouse currently under construction. The U.S. Department of Commerce’s Economic Development Administration (EDA) recently awarded the Mobile Area Chamber of Commerce a federal grant of $2.9 million to renovate a building located at 358 St. Louis St. to help create Mobile’s Innovation Portal, according to the Downtown Mobile Alliance.