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Description of the Article


SOLD –EAGLE CREST SHOPPING CENTER, PRATTVILLE, AL - MAY 1, 2015

Lee Meriwether, CCIM has represented River Bank & Trust in the sale of a ± 9,900 S.F. retail shopping center located at 1510 - 1534 South Memorial Drive, Prattville, Alabama.  The sales price was $750,000.00 ($75.76/S.F.).



SOLD – 9190 EASTCHASE PARKWAY, Montgomery, AL – May 1, 2015

John Stanley, CCIM has represented Alabama State Employees Credit Union (ASECU) in the purchase of an existing branch bank property located at 9190 Eastchase Parkway, Montgomery, AL.  The Seller was Community Bank & Trust - Alabama.  The property consists of a 6,538 S.F. bank building on a 43,707 S.F. lot.  The sales price is undisclosed.



SOLD - 227 MADISON AVE., MONTGOMERY, AL – March 31, 2015

John Stanley, CCIM has represented J. Paul Bailey in the sale of 227 Madison Ave., Montgomery, AL. The Buyer was Robert B. Leavell. The sales price was $250,000.00.

SOLD - TWO MEDICAL OFFICE LOTS, MONTGOMERY, AL – March 30, 2015

John Stanley, CCIM has represented Mitylene Development, Inc. in the sale of two (2) office lots located on Mitylene Park Lane, Montgomery, AL. Both lots will be developed as a 8,098 S.F. medical office facility by Dr. Ashley McIntyre, D/B/A East Montgomery Family Medicine. The sales price was $269,435.30 ($7.25/S.F.).

SOLD – 5.61 AC., SOUTH ARROWHEAD DR., MONTGOMERY, AL – March 19, 2015

John Stanley, CCIM has represented A.J. McLemore Development Properties, LLC in the sale of a 5.61 acre parcel located on South Arrowhead Dr., off Atlanta Hwy.  The property is zoned B-3. The sales price was $370,000 ($1.51/S.F.). The name of the Buyer is undisclosed.