MADISON, ALA. — GBT Realty Corp. has broken ground on the 122,000-square-foot Madison Corners, a mixed-use development located at the intersection of U.S. Highway 72 and Balch Road in Madison, adjacent to the Madison Medical Park. The property will include two medical office buildings totaling 100,000 square feet and a 22,000-square-foot retail component. Triad Properties Corp. has purchased 3.46 acres of the property to build the first medical office building, totaling 60,000 square feet, which is slated for completion in the fourth quarter of 2012. The retail space, which is pre-leased to tenants including Firehouse Subs, LawLer's Barbecue and Specialized Medical Devices, will be constructed in two buildings and will open in March of this year.
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