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1143 1st Ave SBirmingham, AL 35233
The Denham Building
Asset ClassOffice, Multifamily, Mixed Use

Overview

Cushman & Wakefield is pleased to present the opportunity to acquire The Denham Building

("Denham" or the "Property"), a 94%-leased, trophy mixed-use, adaptive re-use investment

located in Birmingham’s Parkside District, the city’s most proven, walkable, and supplyconstrained urban micromarket.

 

Parkside’s transformation was catalyzed by Railroad Park in 2010 followed by Regions Field in 2013, and has since been reinforced by sustained private investment establishing Birmingham’s premier live-work-play environment.

 

Originally constructed in 1927 and meticulously redeveloped by Third & Urban in 2019,

Denham uniquely integrates creative office, destination retail, and loft residential uses within

an irreplaceable historic structure.

 

The Property offers durable in-place cash flow with embedded upside through remaining

lease-up and mark-to-market opportunities. Further enhancing returns, Denham benefits from perpetual historic tax incentives reducing assessed property taxes by 50%.

 

Collectively, these attributes position Denham as a core-plus mixed-use investment offering

downside protection, embedded upside, and long-term relevance within Birmingham’s most

dynamic urban district.

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1143 1st Ave SBirmingham, AL 35233

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Listing provided by Revere CRE