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Lee Meriwether, CCIM has represented Coastal Beach Investments, LLC in the lease of ± 6,300 S.F. of office space located at 9532 Wynlakes Place, Montgomery, AL.  The Tenant is Specialized Alternatives for Families and Youth of Alabama, Inc.  The terms of the lease are undisclosed.  

John Stanley, CCIM has represented C P Properties, LLC in leasing ± 7,975 RSF of Class “A” office space located at 6925-A Halcyon Pointe Drive, Montgomery, AL.  The Tenant is Enterprise Leasing Company – South Central, LLC.  The terms of the lease are undisclosed.  

John Stanley, CCIM, with John Stanley & Associates, Inc. has represented Montgomery Colonial Property, LLC in the sale of Capitol Commerce Center, 100 Capitol Commerce Blvd., Montgomery, AL.  The property consists of a ± 220,000 S.F. Class “A” office building, a ± 5,300 S.F. office/warehouse, with on-site parking, including a 360 space parking garage and is located on ± 17.34 acres. 

The Buyer of the property is Alfa Mutual Insurance Company and was represented by Deborah McGill Smith, SIOR and William Ledbetter with Cushman & Wakefield/EGS Commercial Real Estate. 

The terms of the sale are undisclosed.

John Stanley, CCIM has represented C P Properties, LLC in leasing ± 7,975 RSF of Class “A” office space located at 6925 Halcyon Park Drive, Montgomery, AL. to Enterprise Leasing Company – South Central, LLC.  The terms of the lease are undisclosed.  

Lee Meriwether, CCIM and John Stanley, CCIM have sold ± 31.05 acres located on Park Crossing Drive at New Park.  The property will be developed as Phase IV of the Jubilee subdivision.  The Seller was  New Park Development Company, LLC and the Buyer is SMB Land, LLC. The Sales price was $776,500.00 ($25,000.00/AC.). 

John Stanley, CCIM has represented The Heritage Summit, LLC in the purchase of ± 1.08 acres located at the corner of Taylor Road and Halcyon Summit Dr., Montgomery, AL.  The property will be developed as a ± 2,900 S.F. QSR.  The sales price was $355,725.00 ($7.56/S.F.). 

John Stanley, CCIM has represented The Heritage Summit, LLC in the purchase of ± 4.02 acres located at the corner of Taylor Road and Halcyon Summit Dr., Montgomery, AL.  The property is Zoned B-2 and will be developed as a ± 7,259 S.F. Z-TEC Convenience Store/gas station with end-cap restaurants. In addition, a free standing ±6,500 S.F. GOAT Bar & Grill will be developed.  The sales price was $2,456,885.00 ($14.00/S.F.).  

Lee Meriwether, CCIM, recently represented Khairo Luxe Hotels, LLC,  in the purchase of 2.14 acres of land along Rocky Mount Road in Prattville, AL.  The site is North of Bass Pro Shops and also adjoins I-65.  The site will be developed as a Motel.  The Sales price was $749,400.00 ($8.04/S.F.). 

John Stanley, CCIM has represented Jere L. Beasley, Sr. in the purchase of ± 14.06 acres located on Ray Thorington Road, Montgomery, AL.  The property is Zoned PUD - Church Use and adjoins the Deercreek Subdivision.  The sales price was $324,500.00 ($28,080.00/AC.).  

John Stanley, CCIM has represented Jere L. Beasley, Sr. in the purchase of ± 14.06 acres located on Ray Thorington Road, Montgomery, AL.  The property is Zoned PUD - Church Use and adjoins the Deercreek Subdivision.  The sales price was $324,500.00 ($28,080.00/AC.).