The Alabama Baptist will continue operating from its longtime Homewood headquarters under a new shared-use agreement with Timberchase Financial LLC, marking a shift in ownership but not location.
Staff of the faith-based media group have worked out of 3310 Independence Drive for 50 years, in a building constructed in 1975–76 after then-editor Hudson Baggett oversaw the project.
Under the new agreement, Timberchase will purchase the property for $1.85 million and lease space back to The Alabama Baptist, creating what both sides describe as a long-term partnership. Closing is expected May 1…