Description of this article
Lee Meriwether, CCIM has recently represented FHM Company, LLLP in the sale of 37.26 acres of land located at Meadowgate Drive in Montgomery, Alabama. The Buyer was Eastwood Presbyterian Church. The Sales price was $400,545.00 ($10,750.00 per acre).
Lee Meriwether, CCIM and John Stanley, CCIM have represented Sidhu Farms, LLC in the sale of ± 203 acres located on East Avalon Way, off Ray Thorington Road, Montgomery AL. The property will be developed as a residential subdivision. The Buyer was Heritage Homes Development, Inc. The sales price was $1,118,040 ($5,500/AC.).
Lee Meriwether, CCIM recently represented Rialto, Inc. in the sale of ± 3.25 Acres located on Malcolm Drive, one block off Taylor Road, in Montgomery, Alabama. The property was zoned B-3 and the sales price was $82,500.00.
Lee Meriwether, CCIM has recently completed the sale of ±14.64 acres of vacant land along Carmichael Road in Montgomery, Alabama. The Property was zoned B-2 at the time of the Sale. The Sales price was $2,041,049.60 or $3.20/S.F. The Seller was FHM Company, LLLP and the Buyer was UpFront Properties, LLC. The property will be developed as a new car dealership.
Lee Meriwether, CCIM and John Stanley, CCIM have sold ± 18.17 acres located on Park Crossing at New Park. The property will be developed as Phase III of the Jubilee subdivision. The Seller was New Park Development Company, LLC and the Buyer is JSL Partners, LLC. The Sales price was $454,250.00 ($25,000.00/AC.).
John Stanley, CCIM has represented Auburn University in the sale of a ± 1.15 acre lot located on Hyundai Boulevard, Montgomery, AL. The Buyer was Georgiana Convenience, LLC. The sales price was $130,000.00 ($2.60/S.F.).
John Stanley, CCIM has represented W.D. Distributing, LLC (Seraaj Family Homes, Inc.) in the sale of its ± 23,264 S.F. office building located at 400 Cotton Gin Road, Montgomery, AL. The Buyer was Central Alabama Aging Consortium (CAAC). The sales price was $2,000,000.00 ($85.97/S.F.).