Lee Meriwether, CCIM recently represented the Estate of Luther D. Morgan in the sale of a ± 30,300 square foot retail center located at 5510 Wares Ferry Road in Montgomery, AL. The sales price was $1,100,000.00 or $ 36.30 per square foot. The center was mostly vacant so no CAP Rate was used.

John Stanley, CCIM has represented Georgiana Convenience, LLC in the purchase of ± 1.12 acres located at Exit 16 and I-85 in Pike Road, AL. The property is zoned B-2 (Business). The sales price was $270,000.00 ($5.53/S.F.).

John Stanley, CCIM has represented Georgiana Convenience, LLC in the purchase of the existing Circle K convenience store and ± 3.35 acres located at Exit 16 and I-85 in Pike Road, AL. The property is zoned B-2 (Business). The sales price was $2,175,000.00.

John Stanley, CCIM has represented Peoples Independent Bank in the sale of a ± 8,000 S.F. bank building on ± 1.92 acres located at 1798 Fairview Avenue, Prattville, AL. The Buyer is First South Farm Credit. The Sales price was $965,000.00 ($120.63/S.F.).

Lee Meriwether, CCIM and John Stanley, CCIM have sold ± 18.17 acres located on Park Crossing at New Park. The property will be developed as Phase III of the Jubilee subdivision. The Seller was New Park Development Company, LLC and the Buyer is JSL Partners, LLC. The Sales price was $454,250.00 ($25,000.00/AC.).