John Stanley, CCIM has represented Cadles Butler Plaza, LLC in the sale of a 90,342 S.F. Shopping Center located on Al. Hwy 245 Bypass, Greenville, AL. The Buyer was Chen's First Property, LLC. The sales price was $1,550,000 at a 12.6 cap rate.
John Stanley, CCIM has represented WASCO Properties in the sale of the former Ethan Allen furniture building located at 3300 East Blvd., Montgomery, AL. The property consists of a ± 10,956 S.F. building located on ± 1.21 acres and is zoned B-3. The Buyer was Mims Property Management Group, LLC and the sales price was $320,000 ($29.21/S.F.).
John Stanley, CCIM has represented J. B. Properties - Atlanta Hwy., LLC in the sale of a ± 1,240 S.F. retail building located at 3351 Atlanta Hwy., Montgomery, AL. The Buyer was J. Simmons Leasing, LLC. The property is zoned B-2. The sales price was $80,000.
Lee Meriwether, CCIM recently represented Looking Good, LLC in a lease transaction for ± 1,500 S.F. of retail space located at 7960 Atlanta Hwy. The terms of the lease are undisclosed.