Description of the Article

LEASED – 20,400 S.F. WAREHOUSE SPACE, Montgomery, AL – May 9, 2013

Lee Meriwether, CCIM recently represented Auto Electric & Carburetor Co., Inc. in a lease transaction with R&W Developers, LLC for a warehouse/distribution facility to be located at 2735 Poplar Street. The new business should open in July, 2013. The terms of the lease are undisclosed.

SOLD – Former Hooters Restaurant, Montgomery, AL – April 2, 2013

Lee Meriwether, CCIM has represented Rialto Capital Advisors in the sale of the former Hooters Restaurant located at 2701 Eastern Boulevard. The sales price was $650,000.00.

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.

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 – 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.