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John Stanley, CCIM has represented The Alabama Workers Compensation Self Insurance Fund in the sale of a 12,088 S.F. office building located at 4217 Lomac Street. The Buyer is Alabama State Employees Credit Union (ASECU) which will use the property as its headquarters, administration office and data center. The sales price was $900,000.00 ($74.45/S.F.).

John Stanley, CCIM has represented the Montgomery Area Council on Aging (MACOA) with the purchase of the property located at 321 No. Lawrence St.   The site consists of 16,117 S.F. and is zoned Smart Code.  The existing structure will eventually be demolished by MACOA.  The sales price was $140,000.00 ($8.68/S.F.).

John Stanley, CCIM has represented C P Properties, LLC in the leasing ± 1,540 RSF of office space located at 6925 Halcyon Park Dr., Montgomery, AL.  The tenant is Legacy New Homes, LLC.  The terms of the lease are undisclosed.

John Stanley, CCIM has represented New Horizons, LLC in the sale of a 7,382 S.F. office building located at 7125 University Court, Montgomery, AL.  The Buyer is MLS Investments 2, LLC.  The sales price was $570,000.00 ($77.21/S.F.).

Lee Meriwether, CCIM has recently represented Enterprise Technologies, LLC in the purchase of an office condominium located at 2853 Zelda Road, Montgomery, Alabama 36106.  The sales price was $87,000.00 ($75.52/S.F.).

John Stanley, CCIM has represented PCD Montgomery Real Estate, LLC in the purchase of a ± 3.1 acre office lot located at 2201 East South Boulevard.  The lot is zoned O-2 and will be developed as a dialysis center.  The Seller was Drug Research and Analysis Corp.  The sales price was $175,000.00 ($1.30/S.F.). 

John Stanley, CCIM has represented Buck, LTD in the sale of a 17,317 S.F. office/warehouse property located at 885-889 Plantation Way. The land area is 1.52 acres.  The Buyer is Capital Real Estate Holdings, LLC.   The sales price was $426,000.00 ($24.60/ S.F.).

John Stanley, CCIM has represented the Ronald Long Family Trust and Janie S. Gilliland in the sale of a 9,000 S.F. office/warehouse building located at 573 George Todd Drive, Montgomery, AL.   The sales price was $300,000.00 ($40.00/ S.F.).

John Stanley, CCIM has represented Marshall / Teel Properties, LLC in leasing ± 5,264 S.F. of office space located at 5911 Monticello Drive, Montgomery, AL.  The tenant is Consolidated Networks Corp.  The terms of the lease are undisclosed.

Lee Meriwether, CCIM recently completed the sale of an office building located at 529 S. Perry Street, Montgomery, AL 36104.    The Buyer was R3 Montgomery, LLC.  After substantial renovations, the building will be occupied by attorney Ryan deGraffenried.  The building is ±5,652 square feet and Zoned T-4R.  The sales price was $225,000.00.