A Birmingham firm will lease and manage the city’s tallest building, as well as four office buildings in Hoover.

Cushman & Wakefield / EGS Commercial Real Estate Inc. will lease and manage Shipt Tower, and four buildings at Inverness Center.

This comes after Texas-based Riveron was named as the properties’ receiver, according to court documents.

The buildings owned by Hertz Investment Group entered receivership – which is when a property’s management is transferred to a third-party group.

This came after Wells Fargo sued HPT Sunbelt Portfolio LLC, a subsidiary of Hertz Investment Group, alleging that the company defaulted on its $146.7 million loan for the properties, per court records.

Executive Vice President Brad Jones is listed as the leasing agent for the tower, as well as Inverness buildings 10, 22, 31 and 104. Attempts to reach him for comment were not immediately successful.

On Cushman & Wakefield’s website, 34-floor Shipt Tower is listed as offering “unparalleled leasing opportunities for businesses seeking prestige, convenience and innovation.”

“Discover the epitome of modern office space at Shipt Tower, ideally situated in the heart of downtown Birmingham,” the site states.

In March, Wells Fargo filed breach of contract lawsuits in Shelby County Circuit Court and Jefferson County Circuit Court against HPT Sunbelt Portfolio, asking for the courts to appoint a receiver to manage the properties.

The bank said that the company took out the loan in 2015 and didn’t pay its expenses at Shipt Tower in June 2022 and at the Inverness Center buildings in September and October in 2023, per court records.