Lee Meriwether, CCIM has recently completed the sale of ±14.64 acres of vacant land along Carmichael Road in Montgomery, Alabama. The Property was zoned B-2 at the time of the Sale. The Sales price was $2,041,049.60 or $3.20/S.F. The Seller was FHM Company, LLLP and the Buyer was UpFront Properties, LLC. The property will be developed as a new car dealership.

Lee Meriwether, CCIM recently completed the sale of ± 1.72 acres of vacant land located along Woods Crossing, just off Carmichael Road in Montgomery, Alabama. The property was zoned B-3 at the time of the sale. The Sales price was $225,000.00 or $3.00/ S.F. The Seller was Paulk Properties, and the Buyer was Factory Town, LLC. The property will be developed with the adjacent property as a new car dealership.

John Stanley, CCIM has represented Katherine L. Nichols and Laura A. Lanier in the sale of a ± 6.26 acre parcel located at 424 Old Farm Lane, Prattville, AL. The Property will be developed as sites for two (2) hotel developments. The Buyer was PHOTA II-PG OZ Prattville, LLC. The sales price was $2,000,000.00 ($7.33/S.F.).

John Stanley, CCIM has represented Schilleci White Stone, LLC in the sale of a ± 1.26 acre outparcel located at the corner of Chantilly Parkway and Chantilly Lane in Montgomery, AL. The Buyer was DPG Single Tenant, LLC. The property will be developed as a Dollar Tree retail store. The sales price was $775,000.00 ($14.18/S.F.).

John Stanley, CCIM has represented Black Dog Investments, LLC in the sale of a ± 9,768 S.F. office building located at 2601 Bell Road and a ± 26,000 S.F. adjacent office lot located at 2645 Bell Road in Montgomery, AL. The sales price of the building was $645,000.00 ($66.03/S.F.) and the sales price of the lot was $80,000.00 ($3.08/S.F.). The Buyer was Alabama Institute for Deaf and Blind.