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Lee Meriwether, CCIM has recently represented Navy Federal Credit Union in the purchase of 3311 Malcolm Drive in Montgomery, Alabama. The property was a former Iberia Bank branch location and after some renovations will become a new branch for Navy Federal Credit Union.  The sales price was $885,000.00.

Lee Meriwether, CCIM has recently completed the sale of 4695 Vaughn Road, Montgomery, Alabama.  The Seller was Realto Capital and the Buyer was Energy Wise Builders, LLC.  After renovations, the property will be the new location for Diamond One Décor.  The sales price was $360,000.00 which was $10,000.00 more than the Listing Price.  The property is zoned B-3-Q and includes ±2 acres of land and ±20,000 S.F. of building.

John Stanley, CCIM has represented Boyd Investments, LLC in the sale of a ± 1.07 acre lot located at 8859 EastChase Parkway, Montgomery, AL.  The Buyer is Cook-Out Montgomery, Inc.  The sales price was $530,000.00 ($11.30/S.F.).

John Stanley, CCIM has represented Equity Traders, Ltd. in the sale of a six (6) unit apartment building located at 1012 Magnolia Curve, Montgomery, AL. The Buyer is Stato Group, LLC. The sales price was $155,700.00 ($25,950/unit).

Lee Meriwether, CCIM has represented Horace W. Powell in the sale of a commercial lot (Lot B) located in Prattville Business Park.  The name of the Buyer is Trampoline, LLC.  The Lot was Zoned B-2 and the sales price was $259,704.00. 

Lee Meriwether, CCIM has represented Horace W. Powell in the sale of a ± 1.5 acre commercial lot (Lot B) located in Prattville Business Park.  The name of the Buyer is Trampoline, LLC.  The Lot was Zoned B-2 and the sales price was $259,704.00 ($4.00/S.F.).

John Stanley, CCIM has represented St. James United Methodist Church in the sale of a commercial lot located at the corner of Malcolm Dr. and Averiette Dr., Montgomery, Al.  The name of the Buyer is undisclosed.  The sales price was $110,000.00 ($3.10/S.F.). 

John Stanley, CCIM has represented Philippou Brothers, Inc. in the sale of a .54 acre lot located at the southeast corner of Atlanta Highway and Perry Hill Road.  The property was formerly occupied by Flip’s Restaurant.  The Buyer is the City of Montgomery.  The sales price was $385,000.00 ($16.37/ S.F.)

John Stanley, CCIM has represented Carroll Timber & Land, LLP in the sale of a 1.64 ac. commercial lot located on South College Street, Auburn, AL.   The sales price was $650,000.00.  The Buyer is Cook-Out Auburn, Inc.

John Stanley, CCIM has represented Alabama State Employees Credit Union (ASECU) in leasing ± 1,496 S.F. of retail space located at Willow Point Shopping Center in Greenville, AL.  This location will be used by ASECU as its Greenville office and retail banking.  Opening is scheduled for June, 2017.  The terms of the lease are undisclosed.