Description of this article
Lee Meriwether, CCIM has represented CIT Small Business Lending Corporation in the sale of a 2,911 S.F. office building and an adjacent ± 36,301 S.F. vacant lot located at 1760 Platt Place. The total sales price for both parcels was $390,000.00.
John Stanley, CCIM has represented Renasant Bank in the purchase of two (2) lots located at the corner of Taylor Road and Winton Blount Loop. This location will serve as Renasant Bank’s second location in the Montgomery market. The size of the parcel is 58,894 S.F. and the sales price was $515,322.50 ($8.75/S.F.). The Buyer was Renasant Bank and the Seller was East Montgomery Properties, L.L.C.
Mark Dauber has represented Merry Corner, LLC in the sale of a 3.7 Ac. Parcel fronting Vaughn Road at a price of $485,000.00. The buyer was The Broadway Group, LLC who will develop a portion of the property as a Dollar General. This new retail facility will complement the existing CVS store located at the corner of Vaughn Road and Pike Road.
Mark Dauber has represented GLIC Real Estate Holdings, LLC in the sale of a +/-18,400 S.F. office building located at 2450 Presidents Drive, Montgomery, AL. The sales price was $245,000.00. The buyer is The Open Door Christian Faith Church.
John Stanley, CCIM has represented Stivers Realty, L.C. in the purchase of a 9,081 S.F. office/warehouse property located at 4060 East South Boulevard. The sales price was $260,870 ($28.73/S.F.). The Property is zoned M-1.
Lee Meriwether, CCIM recently represented Carmichael Retail Center in a lease transaction with Elizabeth A. Campbell for a Yoga Workout Center. The terms of the lease are undisclosed.
Lee Meriwether, CCIM represented Interstate Park Holdings, LLC in a long-term lease renewal and expansion agreement with CACI for office space located at 700 Interstate Park Drive. The terms of the lease are undisclosed.
John Stanley, CCIM has represented the Estate of Ida Belle Young in the sale of a 16.477 acre parcel of undeveloped land located at the corner of East Boulevard and Buckboard Dr. The sales price was $358,875 ($21,780/Ac.). The name of the buyer is undisclosed.
John Stanley, CCIM has represented the FDIC in the sale of a 59,730 S.F. lot on Chantilly Parkway, Pike Road, AL. The Buyer was Cross Gate, LLC. The sales price was $134,392.50 ($2.25/S.F.).