Chase Bays will be moving to a new location near Sloss Furnace.
SPOC Automation purchased the Trussville warehouse at 7574 Commerce Circle last month for $4.7M. The company designs and manufactures fluid transfer products that are high-end for the automotive aftermarket.
SPOC Automation will use the 50,600 square feet of industrial warehouse space as a new warehouse. Bart Moore of Ironvest Partners and Robert Crook represented the seller. Matthew Day, of Alon LLC, represented the buyer.
Chase McMaster, of Chase Bays, said, "At first, I didn't intend to sell the warehouse, but we wanted a value for it if we listed." "I received an incredible offer.
McMaster sold his warehouse with the intention of building a smaller facility and a track to test auto products. He can invest in his company without giving any away.
Chase Bays will relocate to Sloss Docks. This redevelopment project is located across from Sloss Furnaces. The company will be located along First Avenue North, near other mixed-use redevelopment projects at Pepper Place and Avondale. It will occupy 26,658 sq. ft. inside Bay E.
McMaster stated that "Sloss Docks" is a beautiful building which matches the look we wanted. It came down to whether we were moving back to Birmingham and if the building was in a good location. By moving to Sloss Docks, we feel that both of these things have been achieved.
The company's growth has been consistent over the last five years. Its products increase performance, aesthetics and save weight.
The company has a long history in the downtown area. Chase Bays operated in Lakeview District, then moved to Fifth Ave North before eventually acquiring the Trussville location.