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Description of the Article


SOLD – MULTIFAMILY PARCEL, WETUMPKA, AL., JUNE 28, 2019

John Stanley, CCIM has represented William R. Welch, et al in the sale of a ± 7.81 acre parcel of land located on U.S. Hwy 231 in Wetumpka, AL.  The Buyer is Nathan Ridge, Ltd.  The property will be developed as a 56 unit senior housing apartment complex.  The sales price was $550,000.00 ($70,425/AC.). 


LEASED – CLASS “A” OFFICE SPACE, MONTGOMERY, AL. JUNE 27, 2019

John C. Stanley, CCIM has represented Auburn University at Montgomery (AUM) in the sublease of 11,193 RSF of Class “A” office space located at 445 Dexter Avenue, in downtown Montgomery.  The sublessee is the Alabama Department of Early Childhood Education.  The terms of the lease are undisclosed.


SOLD – FORMER BRANCH BANK, MONTGOMERY, AL., JUNE 13, 2019

John Stanley, CCIM and Nim Frazer, SIOR have represented CB&S Bank in the sale of a former branch bank property located at 3080 McGehee Road.  The property consists of a ± 3,601 S.F. building located on a ± 32,204 S.F. lot.  The Buyer is Massey Properties, LLC.  The property will be renovated as a Jim Massey Cleaners facility.  The sales price was $175,000.00. 

SOLD – BB&T BRANCH, TALLASSEE, AL., JUNE 5, 2019

John Stanley, CCIM has represented BB&T in the sale of a former branch bank facility located at 1415 Gilmer Avenue, Tallassee, AL.  The building is ± 2,722 S.F. located on a ± 1.27 acre lot.  The Buyer was MAX Credit Union.  The sales price was $295,000.00. 


LEASED – OFFICE SPACE, MONTGOMERY, AL. MAY 28, 2019

John C. Stanley, CCIM has represented Watson & Schendell Properties, LLC in leasing     ± 2,225 S.F. of office space located at 6767 Taylor Circle, Montgomery, AL.  The tenant is Gardenia Cove Mental Health, PC.  The terms of the lease are undisclosed.