PELHAM, AL-Jebeles Investment Holdings LLC has paid $1.1 million to buy the former O'Charley's restaurant building measuring 6,650 square feet at 101 Southgate Dr. in Pelham. The deal also includes the sale of a 1.4-acre parcel. O'Charley's LLC, a subsidiary of American Blue Ribbon Holdings, was the seller of the property. Retail Specialists Inc.'s Bill Clements negotiated the sale on behalf of the owner. The initial listing price of the property was roughly $1.4 million.

O'Charley's recently closed its several restaurants located across the metro. For the full story, go to Birmingham Business Journal .


GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.