Real estate firms plan new Alabama headquarters, creating 400 jobs
The new headquarters for Lake Homes Realty and its sister company, RealSource Title Insurance and Real Estate Closings, will allow ample room for growth, Lake Homes CEO Glenn Phillips said. (contributed)
Lake Homes Realty and a sister company, RealSource Title Insurance and Real Estate Closing, plan to establish a new headquarters operation in Hoover, bringing 400 new jobs to the Birmingham suburb over the next five years.
Lake Homes Realty, which calls itself the nation’s largest real estate brokerage focusing on lake properties, and RealSource said the headquarters move to the Meadowbrook area aligns with major growth initiatives for both companies.
The companies are taking space in 500 Corporate Parkway in the Meadow Brook Corporate Park off U.S. 280 in the Shelby County portion of Hoover. Building renovations and corporation relocation will include $1 million in capital investment.
“500 Corporate Parkway met our current business needs while having plenty of room for future growth,” said Glenn S. Phillips, CEO of Lake Homes Realty.
Corridor growth
Lake Homes and RealSource are locating in an area that is a strong base for tech-based companies and corporate headquarters. Along the corridor, companies such as McLeod Software, NXTSoft, SS&C Health and FIS employ hundreds of technology workers.
Civitan International is headquartered in the building where Lake Homes and RealSource will be. Diversified Energy and the Sheffield Group, both in Meadow Brook Corporate Park, also have corporate headquarters in Hoover.
“Lake Homes and RealSource are retaining and creating hundreds of knowledge-based jobs that further solidify this type of corporate presence in our city,” said Hoover Mayor Frank Brocato.
Lake Homes Realty serves 33 states, while RealSource operates in 12 states and will be operating in more in the near future.
“The recent commitment of Lake Homes Realty and RealSource to permanently anchor their national headquarters in Alabama is another testament to the strong business environment we all strive to create,” said Vince Perez, a senior project manager for the Alabama Department of Commerce.
“We are proud that Lake Homes Realty and RealSource share in our vision that Alabama is a great place for innovative businesses to start, grow and thrive.”
This story originally appeared on the Alabama Department of Commerce’s Made in Alabama website.
