Description of the Article

SOLD – Two (2) Lots, Auburn, AL – August 9, 2013

John C. Stanley, CCIM has represented MAX Credit Union in the purchase of two (2) lots totaling 72,166 S.F. located at 336-340 No. Gay St. in Auburn, AL. The total sales price was $918,000 representing a price of $12.72/S.F. Both lots will be developed as a MAX Credit Union facility.

SOLD – OFFICE/WAREHOUSE PROPERTY, Montgomery, AL – August, 2013

John Stanley, CCIM and Nim Frazer, SIOR have represented River Bank & Trust in the sale of a ± 7,000 S.F. office/warehouse property located at 4185 Troy Hwy. The property will be used as an auto repair shop. The name of the Buyer is undisclosed. The sales price was $204,000.00.

LEASED – 49,071 S.F., CAPITOL COMMERCE CENTER, Montgomery, AL – July 24, 2013

John Stanley, CCIM has represented Montgomery Colonial Property, LLC in the leasing of 49,071 rentable S.F. at Capitol Commerce Center, 100 Capitol Commerce Boulevard, Montgomery, AL. Terms of the lease and the name of the tenant are undisclosed. Occupancy of the building by the tenant is expected to occur in October, 2013.

LEASED – 1,800 S.F. OFFICE SPACE, Montgomery, AL – July 19, 2013

Lee Meriwether, CCIM recently represented Kirkland Enterprises in a lease transaction with Frazer- Blocker Cotton, LLC for office space located at 441 Cotton Gin. The new facility will open in November, 2013.

SOLD – Office Building, Montgomery, AL – July 15, 2013

John Stanley, CCIM has represented Fain Park Properties, LLC in the sale of an 882 S.F. office condo located at 7030 Fain Park Drive, Montgomery, AL. The name of the Buyer is undisclosed. The sales price was $136,000 ($154.20/S.F.).