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Description of the Article


LEASED – ± 3,356 S.F. RESTAURANT, MONTGOMERY, AL. AUGUST 1, 2021

John Stanley, CCIM has represented Schilleci Eastchase, LLC in negotiating a new long-term lease with El Taco Shop, Inc. for an expansion of its space to 3,356 S.F. at 3267 Malcolm Drive, in Montgomery, AL. The terms of the Lease are undisclosed. 


SOLD – ± 2.45 ACRES – EASTCHASE PARKWAY, MONTGOMERY, AL. JULY 29, 2021

John Stanley, CCIM has represented Five East, Ltd. in the sale of ± 2.45 acres located on Eastchase Parkway in Montgomery, AL.  The Buyer was RAM Montgomery Hospitality Three, LLC.  The property will be developed as a four (4) story, 97 room, Home2 Suites by Hilton.  The sales price was $1,032,992.00 ($9.68/S.F.).


SOLD – ± 2.85 ACRES – EASTCHASE PARKWAY, MONTGOMERY, AL. JULY 29, 2021

John Stanley, CCIM has represented Five East, Ltd. in the sale of ± 2.85 acres located on Eastchase Parkway in Montgomery, AL.  The Buyer was RAM Montgomery Hospitality Two, LLC.  The property will be developed as a four (4) story, 96 room, Residence Inn by Marriott.  The sales price was $813,784.00 ($6.56/S.F.).

SOLD – ± 10,000 S.F. RETAIL BUILDING, MONTGOMERY, AL. JULY 26, 2021

John Stanley, CCIM has represented Robby and Rhonda Wilbanks in the purchase of property located at 70 Bell Road, Montgomery, AL.  The property consists of a ± 10,000 S.F. retail building.  The sales price was $425,000.00 ($42.50/S.F.).


LEASED – ± 3,660 S.F. TIGER TOWN, OPELIKA, AL. JULY 21, 2021

John Stanley, CCIM has represented MR. MATTRESS, LLC in leasing ± 3,660 S.F. of retail space located on Enterprise Drive (TIGER TOWN) Opelika, AL.  The terms of the Lease are undisclosed.