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Description of the Article


LEASED – Interstate Park, Montgomery, AL – December 12, 2012

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.


SOLD – East Boulevard Property, Montgomery, AL – November 21, 2012

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.





SOLD – Chantilly Parkway Lot, Pike Road, AL – November 15, 2012

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.).



SOLD – Former Montgomery Athletic Club, Montgomery, AL – October 19, 2012

John Stanley, CCIM has represented Baptist Wellness Ventures in the sale of the property located at 5765 Carmichael Road, Montgomery, AL formerly known as the Montgomery Athletic Club (MAC) and later as SportsFirst. The property consists of a ± 32,900 S.F. two (2) story building located on ± 3.5 acres. The Buyer, LaFemme, Inc. plans to convert the property to an indoor pistol firing and archery range. The sales price was $605,000.00.



SOLD – Branch Bank Property, Elkmont, AL – October 17, 2012

John Stanley, CCIM has represented the FDIC in the sale of a branch bank facility located at 25530 Alabama Hwy 127, Elkmont, AL. The Buyer was Citizens Bank & Trust, Inc. The sales price was

$297,000.00.