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Description of the Article


SOLD – BUSINESS LOT, BILLINGSLEY PLACE, MONTGOMERY, AL. SEPTEMBER 12, 2023

John Stanley, CCIM and Lee Meriwether, CCIM have represented Rural Holdings, LLC in the sale of a ± 37,792 S.F. business lot located on Kessinger Drive in Montgomery, Alabama.  The sales price was $217,304.00 ($5.75/S.F.).


LEASED – ± 14,751 RSF, CLASS “A” OFFICE SPACE, MONTGOMERY, AL. AUGUST 30, 2023

John Stanley, CCIM has represented Alabama Home Builders Self Insurers Fund in the leasing of ± 14,751 RSF of Class “A” office space located at Halcyon Pointe III, 7480 Halcyon Pointe Drive, Montgomery, AL.  The tenant is Palomar Insurance Corporation.  The terms of the lease are undisclosed.

SOLD – RETAIL BUILDING – EAST BLVD., MONTGOMERY, AL AUGUST 16, 2023

Lee Meriwether, CCIM has recently represented J P Premier Enterprises, LLC in the sale of a ± 10,500 S.F. building located at 3300 East Blvd., Montgomery, AL.  The building was originally developed as an Ethan Allen Furniture Store.   It was later sold and used as the home-office for one of the largest Burger King franchisees in the country.   This latest buyer will redevelop it as a Gerber Collision Center.  The Property sold for $895,000.00 or $85.24/S.F.


SOLD – ± 342.44 ACRES, RAY THORINGTON ROAD, MONTGOMERY, AL. JULY 26, 2023

John Stanley, CCIM has represented the Raymond Boykin Family Partnership, et al in the sale of  ± 342.44 acres located on Ray Thorington Road, Montgomery, AL.  The property is zoned for single family and multifamily use.  The Purchaser is Heritage Homes Development, Inc. The sales price was $2,800,000.00 ($8,176.61/AC.).


SOLD – ± 10 ACRES, NEW PARK DEVELOPMENT, MONTGOMERY, AL JULY 19, 2023

Lee Meriwether, CCIM has recently represented J&W WGT Company, LLC in the sale of ± 10 acres located along Park Crossing in the New Park Development.  The Buyer was Montgomery Housing LLLP and the Property will be developed as an apartment community.  The Buyer paid to extend sanitary sewer to the site. The Sales Price is undisclosed.