Member Press Release

Shannon Waltchack Acquires Former Bank Building to Add to Colonnade Portfolio

Shannon Waltchack recently added 3401 Colonnade Parkway, an 8,230 SF two-story former bank building to its portfolio. Shannon Waltchack owns the adjacent 127,031 SF retail development, Shops at the Colonnade, which was acquired in 2016.

“We are excited to add this outparcel to the Shops at the Colonnade. This building, located at the intersection of Highway 280 & I-459, has great visibility and access. We look forward to adding to our already strong tenant lineup,” said SW President Andrew Patterson, CCIM, CPM.

The former bank branch is positioned at the northwest corner of I-459 and Highway 280, which serve a combined 175,000 vehicles per day. Not only is the Property located at the State of Alabama’s “Main and Main” but is surrounded by 15.4 million SF of office with a daytime employee count of over 100,000 employees, including prominent employers such as Grandview Medical Center & Southern Company.

The property includes an existing drive-thru and ample parking. Shannon Waltchack is currently marketing the space for lease and is prepared to reposition the property to a retail or office user.