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John Stanley, CCIM has represented Cadles Butler Plaza, LLC in the sale of a 90,342 S.F. Shopping Center located on Al. Hwy 245 Bypass, Greenville, AL. The Buyer was Chen's First Property, LLC. The sales price was $1,550,000 at a 12.6 cap rate.
Lee Meriwether, CCIM has represented River Bank & Trust in the sale of a ± 9,900 S.F. retail shopping center located at 1510 - 1534 South Memorial Drive, Prattville, Alabama. The sales price was $750,000.00 ($75.76/S.F.).
Nim Frazer, SIOR has represented BB&T in the sale of a ± 22,975 S.F. building located on ± 3.5 acres at 544 Cahaba Road, in Greenville, AL. The Buyer was Life Line Church, Inc. The sales price was $400,000.00.
Mark Dauber has represented the City of Atmore, Alabama in the sale of a 2.24 acre parcel to Atmore Hotels, LLC. The parcel is part of Rivercane, a mixed-use development, located on Hwy. 21, off I-65 at Exit 57. The sales price was $488,752 ($5.00/S.F.).
John Stanley, CCIM has represented PowerSouth Energy Cooperative in the purchase of 4.63 acres located on Park Crossing. The property will be developed by PowerSouth as a power substation to serve the growing demands of residential and commercial development in the area. The Seller was Alfa Properties, Inc. The terms of the sale are undisclosed.
John Stanley, CCIM has represented PowerSouth Energy Cooperative in the purchase of 1.00 acres located on Park Crossing. The property will be used by PowerSouth as a portion of a larger parcel for a power substation. The Seller was Thorington Road Properties, LLC. The terms of the sale are undisclosed.