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Trussville gun maker buys 2 Bessemer buildings for $1.37 million

By Gary Lloyd

Trussville-based gun maker Steyr Arms Inc. has purchased two buildings in Bessemer from Builder’s Millwork LLC for more than $1.37 million, according to the Birmingham Business Journal.

Steyr Arms Inc. paid BMW Real Estate Holdings LLC $41.61 per square foot for the buildings – together 33,046 square feet – at 2530 Morgan Road S.E. in Bessemer, Jefferson County deed transaction records show, according to the BBJ.

The asking price the BBJ reported in August was $1.54 million.

Steyr, a subsidiary of Austria-based Steyr Mannlicker, plans to relocate from Trussville and triple its workforce to 21 in a $1.7 million expansion. The company is slated for about $100,000 in incentives from Bessemer, the BBJ reports.

Jack Key of J. Key Properties LLC represented the seller. John Coleman of Graham & Co. LLC represented the buyer.

Steyr Arms Inc. is located on Commerce Lane in Trussville.

Contact Gary Lloyd at news@trussvilletribune.com and follow him on Twitter @GaryALloyd.

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