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John Stanley, CCIM has represented 303 Samford Avenue, LLC in the sale of two (2) commercial lots located on Taylor Road and Malcolm Drive being a total of 76,059 S.F. and zoned B-3. The Buyer was Cross Development, LLC.  The sales price was $295,000.00 ($3.88/S.F.).

Lee Meriwether, CCIM recently represented Avadian Credit Union on the sale of a ± 14,050 S.F. office / warehouse building located at 5506 Wares Ferry Road in Montgomery, Alabama.  The property is zoned B-3 and contains ± 1.29 Acres of land. The Buyer was Custom Cabinet Renovations.  The sales price was $350,000.00 ($24.91/S.F.). 

John Stanley, CCIM has represented Jackson Hospital & Clinic, LLC in its purchase of the former Metro Fitness property located at 7150 Halcyon Park Drive, Montgomery, AL.  The property consists of a ± 17,588 S.F. fitness center on ± 2.18 acres.  The Buyer plans to refurbish and reopen the property as a fitness and wellness facility in summer of 2021.  The Seller was Garzon Properties, LLC.  The sales price for the property was $2,050,000.00 ($116.55/S.F.).

John Stanley, CCIM has represented Jackson Hospital & Clinic, Inc. in leasing ± 4,200 S.F. of space at Shops at Pike Road (Publix Shopping Center) for use as an urgent care facility. The Lessor is Shops at Pike Road, LLC.  The terms of the lease are undisclosed.  

John Stanley, CCIM has represented Boyd Investments, LLC in the sale of a ± 1.8 acre parcel (58,332 usable S.F.) located at 8565 Eastchase Parkway, Montgomery, AL.  The Buyer was Halle Properties, LLC and the use will be a Discount Tire facility.  The sales price was $900,000.00 which represents $15.43/usable S.F.

John Stanley, CCIM has represented LG APT AL Montgomery Eastern, LLC in the purchase of a ± 2.04 acre parcel of land located at the corner of Woodmere Blvd. and Haskell Drive, Montgomery, AL. The Seller was Marlunco Investments, LLLP.  The property will be developed as a stayApt Suites, an extended stay hotel.  The sales price was $533,860.74 ($6.00/S.F.).

John Stanley, CCIM has transacted a lease between Family Dollar Stores of Alabama, LLC and Selma Retail Property, LLC at a former Rite-Aid (11,060 S.F.) located at 1018 Highland Avenue, Selma, Alabama.  The terms of the lease are undisclosed. 

Lee Meriwether, CCIM has represented Hoover AL Investors, LLC in the purchase of ± 8.0 acres of commercial property located at 2410 Parkway River Road, Hoover, Alabama (NE Corner of Highway 31 and Parkway Lake Drive).  The property will be developed as a first class Assisted Living Facility with Memory Care.  The purchase price for the entire property was $2,600,000.00 ($7.46/S.F.).

John Stanley, CCIM has represented Waffle House, Inc. in the purchase of a 38,247 S.F. lot located on Vaughn Road in Pike Road, Alabama.  The sales price was $235,750.00 ($6.16/S.F.).

Lee Meriwether, CCIM recently represented Cobalt Realty, LLC in a lease transaction with Pou Family Medicine, LLC for ± 3,032 square feet of office space located at 4770 Woodmere Blvd., Suite B in Montgomery, Alabama.  The terms of the lease are undisclosed.