International Park and Blue Lake Center is a portfolio of three office buildings located in Birmingham Alabama. The portfolio totals 377,921 square feet of high quality Class “A” space in one of Birmingham’s most sought after submarkets, the 280/459 corridor. Considered among the best office buildings in suburban Birmingham, the properties enjoy superior access along Interstate 459, Birmingham’s partial loop freeway which connects the central business district with Birmingham’s thriving and afﬂuent suburban areas including Mountain Brook, Vestavia Hills, and Meadowbrook.
With recent renewal and expansion activity, International Park and Blue Lake are together 90% leased to a diverse roster of national and local credit firms including Tyco, Prudential, Hoffman Media, Command Alkon Principal Financial, EBSCO, and IBM. Recent leases to RxBenefits (expansion), Tyco (new lease), IBM (renewal), and Principal (new lease) are a testament to the inherent desirability of both the buildings and their respective locations. The submarket continues to strengthen with the completion of the long-awaited Trinity Medical Center in early 2016. The $300 million hospital will serve as a major driver as health- care-related users ﬂock to the submarket to be near the hospital.
Bolstered by biotechnology, life sciences, financial services growth, and automotive manufacturing, Birmingham was recently branded “suddenly hot” by The New York Times. Birmingham has emerged into a new era of industry and residential growth after reinventing itself from a historically steel and manufacturing- focused past into one of the Southeast’s most dynamic economies. Driven by a new generation of local leaders who have focused on the developing biotechnology, life sciences, and automotive sectors as catalysts for growth, Birmingham has witnessed a remarkable economic transformation.