Lake Homes Realty, which bills itself as the nation’s largest real estate brokerage focused on lake properties, and RealSource said the headquarters move aligns with key growth initiatives of both companies.
The companies occupy space at 500 Corporate Parkway in the Meadbrook Office Park off US 280 in the Shelby County portion of Hoover. Building renovations and business relocation will include $1 million in new capital investment in businesses.
“500 Corporate Parkway has met our current business needs while leaving plenty of room for future growth,” said Glenn S. Phillips, CEO of Lake Homes Realty.
Lake Homes and RealSource settle in an area of Hoover that provides a solid base for technology companies and corporate headquarters. Along the corridor, companies such as McLeod Software, NXTSoft, SS&C Health and FIS employ hundreds of tech workers.
Civitan International is headquartered in the building where Lake Homes and RealSource will be located. Diversified Energy and the Sheffield Group, both located in Meadow Brook Corporate Park, are also headquartered in Hoover.
“Lake Homes and RealSource retain and create hundreds of knowledge-based jobs that further strengthen this type of corporate presence in our city,” said Hoover Mayor Frank Brocato.
Lake Homes Realty currently serves 33 states, while RealSource operates in 12 states and will operate in more in the near future.
“Lake Homes Reality and RealSource’s recent commitment to permanently anchor their national headquarters in Alabama is another testament to the strong business environment we all strive to create,” said Vince Perez, Project Manager senior for the Alabama Department of Commerce.
“We are proud that Lake Homes Realty and RealSource share our vision that Alabama is an ideal place to start, grow and thrive in an innovative business.”