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SOLD – OFFICE BUILDING, MONTGOMERY, AL – August 24, 2015

John Stanley, CCIM has represented the Owner in the sale of an existing office building located at 1100 Emory Folmar Blvd., Montgomery, AL.  The building consists of ± 11,075 S.F. located on ± 1.97 acres.  The Buyer is Cook’s Properties, LLC.  The sales price was $545,000 ($49.21/S.F.).

LEASED – ± 4,593 RSF, OFFICE SPACE, MONTGOMERY, AL –August 17, 2015

John Stanley, CCIM has represented CP Properties, LLC in leasing ± 4,593 RSF of office space located at 6925 Halcyon Park Dr., Montgomery, AL.  The tenant is an investment banking firm.  The terms of the lease are undisclosed.

SOLD – APARTMENT COMPLEX, MONTGOMERY, AL – August 7, 2015

John Stanley, CCIM has represented FP-VG1, LLC and FP-VG2, LLC in the sale of the Village Green Apartments located at 101 So. Burbank Dr., Montgomery, AL.  The property consists of 337 multi-family units on 27.25 acres of land.  The Seller was Village Green, LLC.  The sales price was $11,275,000.00 ($33,450/unit).

SOLD – ± 24 ACRES, LEE COUNTY, ALABAMA- JULY 31, 2015

Lee Meriwether, CCIM currently represented the Alabama Department of Transportation in the purchase of ± 24 Acres located along Hwy 280 in Lee County, Alabama.  The terms of the sale are undisclosed.

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.).