Description of the Article

SOLD – Office Building, Montgomery, AL – January 7, 2013

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.

LEASED – 8,501 RSF OFFICE SPACE, Montgomery, AL – January 3, 2013


Lee Meriwether, CCIM and John Stanley, CCIM have represented the law firm of Sasser, Sefton, Brown, Tipton & Davis, P.C. in the leasing of 8,501 RSF of office space located on the 8th floor of the RSA Judicial Building, 445 Dexter Avenue, Montgomery, AL. The Landlord is The Retirement System of Alabama.

SOLD – Site for Renasant Bank, Montgomery, AL – January 2, 2013

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.

SOLD – 3.7 Acres Pike Road, AL – December 26, 2012

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.

SOLD – Office Building, Montgomery, AL 36116 – December 21, 2012

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.