John Stanley, CCIM has represented Montgomery East, Inc. in the sale of a ± 37,500 S.F. lot located on North East Boulevard, Montgomery, AL.  The Buyer is Premier Holdings, LLC.  The property will be developed as a Popeye’s Restaurant. The sales price was $362,500.00 ($9.67/S.F.). 

John Stanley, CCIM has represented MereSam, LLC in the purchase of a ± 6.74 ac. lot located on Air Base Boulevard, Montgomery, AL.  The lot is specifically located in the Montgomery Industrial Terminal.  The Seller was The Water Works and Sanitary Sewer Board of the City of Montgomery. The sales price was $67,400.00 ($10,000/AC.). 

Lee Meriwether, CCIM and John Stanley, CCIM have sold two (2) commercial lots located on Taylor Road and Malcolm Drive.   Both lots total 76,090 S.F.  The Seller was RL REGI Alabama, LLC and the Buyer is 303 Samford Avenue, LLC. The sales price was $255,000.00 ($3.35/S.F.). 

Nim Frazer, SIOR recently completed the lease of a 15,400 S.F. warehouse space located at 3454 Hayneville Road, Montgomery, AL.  The Lessor is Loeb Lands, Inc. and the Lessee is Pinnacle Logistics System.  The terms of the lease are undisclosed.