The city of Homewood agreed this afternoon to lease 3,720 square feet in City Hall to Alabama Power Co. for a satellite office suite, at $18.15/sf. The 5-year lease deal was struck during a closed-door session on March 3, 2014. In finalizing the deal, a series of votes in today’s 15-minute meeting beginning at noon also released former long-term tenant Optimal Readings Group, Inc. from an 2009 lease of the third floor premises (14,262 sf), as well as returned control of Optimal’s sub-leased space back to the city.
Optimal Readings Group’s lease was for the healthcare management company Optimal IMX, Inc., which vacated the space about a year ago.
Of the remaining space, 1,500 square feet had been sub-sub-leased to Hamilton Mortgage Corp. via a third party. Hamilton will remain on the floor.
Alabama Power Co. officials said today that the Homewood office space will be staffed by an administrator and used when needed as a convenience for executives and other employees who don’t want to travel to the downtown office.
After today’s transactions there remains 3,500 square feet of vacant space on the floor that the city is now in charge of filling.
Members present: Michael Hallman, Fred Hawkins, Walter Jones, Jenifer Champ Wallis, Heather Reid, Richard Laws, Peter Wright, and council president Bruce Limbaugh. Also present was Homewood mayor Scott McBrayer.
Members absent: Britt Thames, Vance Moody and Patrick McClusky.
Staff present: City attorney Mike Kendrick, city clerk Linda Cook, mayor’s chief of staff J.J. Bischoff, videographers.
Audience attendance: 8