Description of the Article
Mark Dauber has represented Montgomery DT Hospitality, LLC in its purchase of the iconic 100-year-old building, Bishop-Parker Furniture Company property, located at 152 Coosa Street, Montgomery, AL. The Buyer plans to redevelop the property for hotel use. The building consists of approximately 80,000 S.F. and is located directly across from Riverfront Stadium. The terms of the sale are undisclosed.
John Stanley, CCIM has represented Renasant Bank in the sale of a 4.061 acre parcel located at 1355 East Boulevard, Montgomery, AL. The Buyer is Cook Out-Montgomery, Inc. A portion of the property will be developed as a Cook Out Restaurant. The sales price was $525,000.00.
John Stanley, CCIM has represented Cotton Field Place, LLC in the sale of a ±1.49 ac. parcel located at the corner of Atlanta Hwy. (U.S. Hwy. 80) and Arrowhead Dr. South to The Broadway Group, LLC. The sales price was $325,180.00 ($5.00/S.F.). The property will be developed as a Dollar General retail facility.
Lee Meriwether, CCIM recently represented Jeremiah Henderson, et al, on the sale of a ±3.32 acre vacant lot located at 116 Techna Center Drive. The Property is zoned 0-2. The Buyer was Alabama Municipal Electric Authority. The sales price was $200,000.00.
Lee Meriwether, CCIM recently represented DLR Associates, LLC on the purchase of a ± 8,360 S.F. vacant lot located on Carter Hill Road. The Buyer was 2911 CHR, LLC. The sales price was $140,000.00. The property will be developed as a Goo Goo Car Wash.