The Birmingham age-herald., 1919-09-25
Birmingham Realty Company Buys Jemison Properties In
 The Country Club District
largest Deal in Residential
 Property in History of
 City-Over 300 Acres in Transaction and Price Ad- mitted to Be Over $500,O00
By HENRY B. GRAY, JR.

III TeSluenCldl property ever
 consummated in Birmingham,
 If not in the entire south, was
 closed yesterday afternoon at
 6 o'clock in the offices of tn }
 Birmingham Realty company
 when that company acquired from the Jemison Real Estate
 and Insurance company all the
 titles and interests of the For
 est Park Realty company, the l Mountain Home Realty con- pany and the Glenwood Realty company. While the exact fig
 ures of the price paid could not
 be obtained it is admitted that the consideration was we'll over
 half a million dollars.
 The properties of the Forest Park
 Realty company, the Mountain Home
 Realty company and the Glenwood
 Realty company are the section ex-
 tending from Avondale Park southeast
 to Red mountain and adjacent to
 Mountain Terrace In all the Birming-
 ham Realty company acquires more than 300 acres of the finest residential
 property in the Birmingham district. l Rumors of a large real estate trans 1 action have been current in Birming 1 ham all this week but no one has ! been able to get any definite news on | the subject Real estate dealers when | approached denied all knowledge of l any such matter and as a matter of
 fact almost none of them knew of it. l so the announcement that the sale has been completed is expected to cause a
 great surprise all over Birmingham. | The deal was finally closed as the
 result of the efforts of I. c. Beatty, Jr,
 and Robert Jemison, Jr., two of the 1 best known and most prominent real l estate men in Birmingham MT. Beatty ] is the president of the Birmingham
 Realty company and under his leader ship Norwood, Norwood Boulevard, and | Chestnut Hill have been developed and put on the market. MT. Jemison, the president of the Jemison Real Estate and Insurance company is responsible ] for more real estate development than any other one man in Birmingham. It was chiefly as result of his individual efforts that Glen Iris Park and the Mountain Terrace residential proper ties were opened up and he was also a leading figure in the building up of Fairfield
 JEMISON WAS PRESIDENT MT. Jemison was also the president 1 of the three land companies whose rights were acquired by the Birming- 1 ham Realty company Associated with 1 hf Dar1y 1fxr pany was MT. William NJ. Leary, who 1 has been one of the leading figures 1 in the development of the holdings of 1 that company. In the improvement of l the properties of the Genwood Realty company MT. Jemison has been assisted 1 by Hill Ferguson ice-president of the company, A. B. Tanner. secretary, and
 Henry G. Seibles. MT. Ferguson was also vice. president of the Mountain 1 Home Real Estate company.
 1 TO CONTINUE DEVELOPMENT As n result of the acquisition of 1 the properties of these three cOm- l panies the Birmingham Realty | company is now interested in the development of more residential l property than any other company l in Birmingham. In NOrwOod, Nor 1 wood Boulevard, Chestnut Hill and their new Country club district 1 they have sufficient property for
  | Yet there is a remarkable fact
 brought to light in this purchase: | This is the first time that the Bir- l mingham Realty company has pur-
 chased any property of sufficient l quantity to deserve special mem | tion since it's original Orgnnixa- tiOn. The company has always sold. hut never bought.
 l Mr. Jemison said last night in speak 1 ing of the sale, The transfer of tao ! property of the Forrest Park. Mountain Home and Glenwood Realty compa- nies to the Birmingham Realty com pany is just another of the many large deals in real estate that are making 1 Birmingham famous The work of de- velopment that was begun by the orig l inal owners will be continued by the purchasers and the Country club dis- trict will become one of the best known | residential districts in Birmingham. i There is nothing of any significance
 behind the transaction. Other than 1 that it was of advantage to both par | ties, as such deals usually are. The I Jemison Real Estate and Insurance company will continue as active in 1 the development of new properties as u 1 has always been.
 | Mr Beatty had little to say 'Tt is true" he said. that the Birmingham Realty company has acquired the prop critics of the Forrest Park. Mountain 1 Home ana GlenWOOu Realty companies. We shall develop these properties on l the same broad lines which have char acterized our development of Norwooi. l Norw ood Boulevard Chestnut Hill and l the other residential holdings of the company. We consider ourselves very | lucky to have secured the new property 1 and expect 1t to develop into our mos. 1 popular district It is our intention to 1 put in operation a bus line to the Country club distric, almost immeji- 1 ately with busses running on the same quick schedule that makes the Nor 1 wood-Chestnut Hill line so popular. ! The new district is very close to the hearf of the city. yet far enough away to give one the quiet of the country and should very rapidly become thick i ly populated We shall immediately begin the construction of large
 number of residences, both to rent and 1 sell"
 MOTION TO(APPEAL IN