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SOLD – MEDICAL OFFICE LOT, Montgomery, AL – July 29, 2015

John Stanley, CCIM has represented Mitylene Development, Inc. in the sale of an office lot located on Mitylene Park Lane, Montgomery, AL.  The lot will be developed in conjunction with two (2) other lots previously purchased by Dr. Ashley McIntyre for his medical office building currently under construction for East Montgomery Christian Family Medicine.  The sales price was $135,613.26 ($7.125/S.F.).

LEASED– ± 8,795 RSF, OFFICE SPACE, MONTGOMERY, AL–July 20, 2015

John Stanley, CCIM has represented the Alabama Banker’s Association in leasing ± 8,795 RSF of Class A office space in the RSA Dexter Avenue Building, 445 Dexter Ave., Montgomery, AL.  The terms of the lease are undisclosed.

LEASED - ± 48,181 S.F. OFFICE SPACE, MONTGOGMERY, AL –JULY 13, 2015

Lee Meriwether, CCIM has recently represented Sykes Enterprises, Inc. in the negotiation of a long term lease for ± 48,181 S.F of Class A office space located at 201 Technacenter Drive.  The space will be used for a new call center and could employ up to 500 new jobs in Montgomery.  The terms of the lease are undisclosed.

SOLD – 4285 ALATEX RD., MONTGOMERY, AL – July 8, 2015

Nim Frazer, SIOR has represented Sterling Bank in the sale of an office/warehouse property located at 4285 Alatex Road, Montgomery, AL.  The property consists of a ± 16,000 S.F. building (± 2,476 S.F. office/showroom and ± 13,524 S.F. warehouse) located on ± 5.07 acres.  The Buyer was Logis Tech, L.L.C.  The sales price was $375,000.00.

SOLD – ± 230 AC., MOBILE HWY., MONTGOMERY, AL – May 24, 2015

John Stanley, CCIM has represented Arthur E. Marxer, et al. in the sale of 229.9 acres located at 6350 Mobile Hwy. (U.S. Hwy. 31) to The Water Works and Sanitary Sewer Board of the City of Montgomery.  The property is zoned  M-3.  The sales price was $688,000 ($3,000/Ac.).