HOOVER, Alabama — 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 aligns with major growth initiatives for both companies.
The companies are taking space in 500 Corporate Parkway in the Meadbrook office park off U.S. 280 in the Shelby County portion of Hoover. Building renovations and corporation relocation will include $1 million in new capital investment at the companies.
“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.
Lake Homes and RealSource are locating in an area of Hoover 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 located 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 currently 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 Reality 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 an innovative businesses to start, grow and thrive.”