Lee Meriwether, CCIM recently represented Avadian Credit Union on the sale of a ± 14,050 S.F. office / warehouse building located at 5506 Wares Ferry Road in Montgomery, Alabama.  The property is zoned B-3 and contains ± 1.29 Acres of land. The Buyer was Custom Cabinet Renovations.  The sales price was $350,000.00 ($24.91/S.F.). 

John Stanley, CCIM has represented Boyd Investments, LLC in the sale of a ± 1.8 acre parcel (58,332 usable S.F.) located at 8565 Eastchase Parkway, Montgomery, AL.  The Buyer was Halle Properties, LLC and the use will be a Discount Tire facility.  The sales price was $900,000.00 which represents $15.43/usable S.F.

John Stanley, CCIM has represented LG APT AL Montgomery Eastern, LLC in the purchase of a ± 2.04 acre parcel of land located at the corner of Woodmere Blvd. and Haskell Drive, Montgomery, AL. The Seller was Marlunco Investments, LLLP.  The property will be developed as a stayApt Suites, an extended stay hotel.  The sales price was $533,860.74 ($6.00/S.F.).

John Stanley, CCIM has transacted a lease between Family Dollar Stores of Alabama, LLC and Selma Retail Property, LLC at a former Rite-Aid (11,060 S.F.) located at 1018 Highland Avenue, Selma, Alabama.  The terms of the lease are undisclosed.