Broker Spotlight: Anusha Alapati

How did you become interested in commercial real estate?

That’s an interesting story—I sort of fell into it. When I graduated college I was offered a job at my great uncle’s company, Yedla Management, that develops hotels across the Southeast. I became very interested in the development side of the business and he suggested that commercial real estate might be something that would fit me. He was right.

I wake up every day feeling blessed to be in my position. It’s challenging, fun, and very rewarding.

Anusha Alapati

What do you love most about your job as a commercial real estate broker?

Being able to help the City of Huntsville grow and thrive is something that never gets old. We are a big city with a small-town feel, and it’s amazing to watch new businesses be supported by the community with such enthusiasm.

Even the challenges are enjoyable—they can end up being the most fun. Creating retail synergy is a giant puzzle, and I have the privilege of thinking through those challenges and helping produce something out-of-the-box, memorable, and highly successful. And of course, the relationships I’ve built through my position have been a major highlight.

What makes Huntsville a wonderful destination for new businesses?

We are starting to see the urbanization of Huntsville as our city is embracing the live, work, play lifestyle. Like I said, the support that the community gives is unmatched. Huntsville is on the rise, and new concepts are welcomed here with open arms.

The city shares a passion for development and growth, and that’s reflected in the way we encourage new business ventures. I hope to bring more interesting retail concepts to the Rocket City.

You specialize in retail leasing—what does that mean?

Focusing on a particular area of commercial real estate is something that differentiates Crunkleton. We have brokers that specialize in certain types of leasing, allowing them to stay hyper-focused on a specific side of the business. My specialty is retail.

I understand the landscape of boutique, restaurant, and specialty retail leasing and what it takes to be successful in those areas. It’s something that has always clicked with me and it’s where my passion is.

What projects have you found especially rewarding?

That’s too difficult to answer; every project is unique. I do love the challenging projects, because they make you stay on top of your game and expand your skillset. You are never stagnant in this line of work. It requires you to keep growing.

That being said, it has been a privilege to be a part of the revitalization of Downtown Huntsville. Wesley Crunkleton did an amazing job of executing his vision for The Garage at Clinton Row, and I was given the opportunity to lease the development. Working with Charlie and Sasha Sealy on The Avenue was also an exciting undertaking because it was one of the first large-scale mixed-use developments in the downtown area.

But it’s not just about downtown, projects like Central Park Village, 2700 Capitol Park in Tuscaloosa, and the chance to work with retailers in expanding to other cities has been very fulfilling too.

Anusha worked on major Downtown Huntsville projects like The Garage at Clinton Row. Here she is in her favorite dress from Elitaire Boutique, a tenant at The Garage!

What piece of advice would you give to someone considering a career in commercial real estate?

It takes grit, persistence, leaving your comfort zone, and developing meaningful relationships to be successful.

Be ready to work hard. It involves constant research and putting yourself out there to make sure the job is done.

How do you stay on top of your game?

In this business, you have to stay ahead of the trends. What do people want? Where do people want to shop? What experience can you deliver to a retail consumer that leaves a lasting impression? I am always researching trends—Business Insider, Forbes, Shopping Centers Today, you name it. I also attend major conferences like ICSC and I travel to research new concepts.

It’s important to understand how millennials live, work, and find entertainment. Trends change rapidly and are vastly different today than 5 years ago, or even 2 years ago.

What value do you hope to bring to your clients?

I want to ensure a seamless process and be a resource for them. I want to be there to connect them to the people and assets they need for a prosperous business. Watching my clients grow and flourish is why I do what I do.

Enjoying a day of fly fishing in Blue Ridge, GA.

What do you enjoy doing outside of the office?

Staying active in the community is important to me, which is why I try to spend my free time volunteering with organizations like Mayfair Inner City Church and Junior League of Huntsville. I’m also a member of Committee 100 YP and a newly elected member of the Huntsville Museum of Art Foundation Board.

I also love fly fishing, spending time with my family, my boyfriend Matt, and my dog Charlie.

You can contact Anusha by email at anusha@crunkletonassociates.com or by calling 256-536-8809.

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HALEY CLEMONS
MARKETING COORDINATOR
CRUNKLETON COMMERCIAL REAL ESTATE GROUP
HALEY@CRUNKLETONASSOCIATES.COM

Crunkleton Promotes Lauren Plott To Property Manager

Crunkleton Commercial Real Estate is excited to announce that Lauren Plott has been promoted to Property Manager!

In her four years working at Crunkleton, she has served as the Office Manager and assisted with all property management tasks. In her new role, she will continue to build tenant relations by making monthly phone calls with tenants, visiting properties, and working with clients to manage assets.

Lauren Plott Property Manager

“I want our clients to know Crunkleton has their needs in mind and that we are there to make sure problems are solved,” said Lauren. “We aim to go above and beyond as a property management service and create positive connections that help businesses thrive.”

Crunkleton offers full-service property management for all sectors of commercial real estate. Lauren will manage a diverse portfolio consisting of retail, office, medical, and industrial properties and focus on delivering first-class service.

“Crunkleton strives for a high level of professionalism; that carries over to our property management,” said Wesley Crunkleton, Principal. “I’m confident that Lauren will continue to provide quality service and deliver the attention needed to ensure our clients’ assets are being properly managed.”

Lauren volunteering at Lincoln Village Ministry with the Crunkleton team.

When Lauren isn’t busy at Crunkleton, she volunteers her time as a member of the Carillon Club and Valley Presbyterian Church where her husband, William, is the Senior Pastor. She also beams when talking about her three children, Hunter (21), Bradley (18), and Catherine (13). Her free time is spent attending their many activities and enjoying time together as a family.

To learn more about Crunkleton’s Property Management services, click here.

 You can contact Lauren by email at lauren@crunkletonassociates.com, or give her a call at 256-536-8809.

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HALEY CLEMONS
MARKETING COORDINATOR
CRUNKLETON COMMERCIAL REAL ESTATE GROUP
HALEY@CRUNKLETONASSOCIATES.COM

Crunkleton Adds Two New Members To Its Team—Welcome Alex and Shelby!

We are excited to announce two new members of the Crunkleton Commercial Real Estate team—Alex Oden and Shelby Smith!

Alex Oden, Associate Broker

Alex Oden, our newest Associate Broker, specializes in office leasing and comes to Crunkleton with ample experience in wealth management, international target market reports, and finance. A graduate of the University of Alabama in Tuscaloosa, Alex received his bachelor’s degree in finance with a specialization in global business.

“As a member of the Crunkleton team, I am excited to establish new relationships with business professionals and assist clients with their organizational goals,” said Alex.

When he’s not at work, Alex enjoys playing golf across the Southeast. He also spends time trying out new restaurants, taking trips to the beach, and exploring the city of Huntsville with his family and friends.

You can connect with Alex on LinkedIn, or email him at alex@crunkletonassociates.com.

Shelby Smith, Office Manager

Born and raised in the Huntsville area, Shelby Smith joins Crunkleton as the new Office Manager. She will focus on developing relationships with clients, assisting team members with administrative tasks, and making sure day-to-day operations at Crunkleton run smoothly and efficiently. She brings over four years of exceptional customer service experience and finds tending to the “little details” rewarding.

 “I am very enthusiastic about joining Crunkleton,” said Shelby. “The company delivers a personable and committed experience. As the office manager, I am most excited about building client relationships and serving their needs.”

Shelby is also passionate about photography and floral arrangements. When she’s not busy at Crunkleton, she spends time with her husband, Bryant, and their labrador, Maggie.

You can reach Shelby by email at shelby@crunkletonassociates.com.

Welcome to the team!

 “We are thrilled with the addition of Alex and Shelby to our team,” said Wesley Crunkleton, Principal. “They each bring valuable skills that will allow us to continue our mission of exceptional client service.”

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HALEY CLEMONS
MARKETING COORDINATOR
CRUNKLETON COMMERCIAL REAL ESTATE GROUP
HALEY@CRUNKLETONASSOCIATES.COM

5 Things To Consider When Leasing Medical Office Space

When it comes to negotiating a lease for medical office space, several unique factors play into identifying the appropriate property. Working with hazardous materials, complying with HIPAA, easy access, and convenient parking—all of these things should be considered when looking at a potential medical facility.

Having experienced counsel on your side can help identify key issues in the lease that make a difference down the road. Eric St. John, Broker at Crunkleton Commercial Real Estate, has brokered various medical office negotiations and has outlined some of the major factors that play into finding the ideal space for medical use.

“There are many differences between a general office space lease and a medical space lease,” said Eric. “You have to look at everything from the flow of the space to determining what specific pieces of equipment will be used in it. While every deal is unique, there are a few major questions that always need thoughtful answers. And it’s up to the tenant to understand what those are to ensure an effective practice.”

So, here they are—five things to consider when leasing medical office space:

1) Does the space work with your needs?

This may seem like an obvious question, but taking note of certain factors will help you come up with more concrete answers. Close your eyes and imagine the space at your current family doctor’s office. Are the exam rooms far away from the waiting area? Does the space allow the staff to be productive and efficient? All of these things play into proper flow within a space.

“The first thing many medical tenants look at when it comes to location is the space’s proximity to the major hospital system they are affiliated with,” said Eric. “From there, things like the flow of a space and accessibility are at the forefront of decision making.”

Making sure your location is easily accessible for your patient base—including those with limited mobility—is something that should be deliberated. Know what major roadways and paths your patients will take to get to your building, and make sure it’s an easy one.

 2) How will you handle the disposal of hazardous waste/materials?

Medical office spaces often house materials that are a biohazard. With general office spaces, most leases prohibit the introduction of any hazardous wastes on the property. This is not the case with medical leases. Instead, the lease should provide well-defined guidance as to who will be responsible for the removal of such wastes. Liability for this issue shouldn’t be ignored.

“Most leases address the guidelines for hazardous materials,” said Eric. “The tenant is usually responsible for the handling and disposal of such waste.”

It may be just a few sentences within the lease that save you from any future trouble. Have confidence that the materials are stored and disposed of properly. Make sure the lease is crystal clear on how it will be executed, as well as who will be granted access to those materials.

3) What will you do to ensure HIPAA compliance?

While every office space is sure to contain some form of confidential documents, medical spaces are required to comply with the Health Insurance Portability and Accountability Act (HIPAA). The laws outlined by HIPAA vastly affect the functionality and accessibility of medical office spaces.

“It’s important to include information in the lease that outlines the landlord’s access to the space,” said Eric. “Usually, landlords are required to provide a certain notice before entering, unless there is an emergency. Leases can also outline the restriction of certain areas at certain times.”

4) Will you need to accommodate special equipment/procedures?

Special equipment requires specialized accommodations. Because many machines need their own rooms, generate extra heat or require specific insulation, these terms need to be outlined in the lease. Completing your homework beforehand will ensure that utility services are able to accommodate any additional needs.

“You’ll notice that not every practice has an X-ray machine,” said Eric. “These types of machines need shielded rooms lined with lead or other materials to operate—something that may not be readily available in certain spaces. Knowing what equipment or procedures the physician plans on offering certainly affects the deal, what type of space they need, and the negotiation as a whole.”

5) Who are your neighbors?

Many medical doctors seek spaces that include other primary care and internal medicine specialists because it allows for a “built-in referral system.” Rather than sending your patient across the city to follow up on a matter, doctors can send them to another office within the building, cutting down on confusion and adding convenience for the patient.

“Knowing who is in the building with you is important,” said Eric. “Because their business can affect your business.”

Thinking ahead.

At Crunkleton, we do our best to help clients find the medical office space that fits their needs. By paying attention to the diverse needs of medical tenants, anticipating future trends, and connecting with clients, we create a relationship that aims to meet the unique needs of medical office lessees.

“We do our best to understand the medical business to make sure clients get what they need,” said Eric. “Our job is to read between the lines and make sure they are taken care of in any situation. It’s always rewarding when we are able to negotiate a lease that benefits both the landlord, the tenant, and the public who needs exceptional medical care.”

To learn more about how Crunkleton can help you with your medical office leasing needs, contact Eric St. John at eric@crunkletonassociates.com.

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HALEY CLEMONS
MARKETING COORDINATOR
CRUNKLETON COMMERCIAL REAL ESTATE GROUP
HALEY@CRUNKLETONASSOCIATES.COM