Lee Meriwether, CCIM, recently represented Khairo Luxe Hotels, LLC,  in the purchase of 2.14 acres of land along Rocky Mount Road in Prattville, AL.  The site is North of Bass Pro Shops and also adjoins I-65.  The site will be developed as a Motel.  The Sales price was $749,400.00 ($8.04/S.F.). 

Lee Meriwether, CCIM and John Stanley, CCIM have sold ± 31.05 acres located on Park Crossing Drive at New Park.  The property will be developed as Phase IV of the Jubilee subdivision.  The Seller was  New Park Development Company, LLC and the Buyer is SMB Land, LLC. The Sales price was $776,500.00 ($25,000.00/AC.). 

John Stanley, CCIM has represented The Heritage Summit, LLC in the purchase of ± 1.08 acres located at the corner of Taylor Road and Halcyon Summit Dr., Montgomery, AL.  The property will be developed as a ± 2,900 S.F. QSR.  The sales price was $355,725.00 ($7.56/S.F.).