Lee Meriwether, CCIM has represented Hoover AL Investors, LLC in the purchase of ± 8.0 acres of commercial property located at 2410 Parkway River Road, Hoover, Alabama (NE Corner of Highway 31 and Parkway Lake Drive).  The property will be developed as a first class Assisted Living Facility with Memory Care.  The purchase price for the entire property was $2,600,000.00 ($7.46/S.F.).

Lee Meriwether, CCIM recently represented First Community Bank of Central Alabama in the sale of a ± 1.3 Acre lot fronting Highway 14 in Millbrook, Alabama. The site is adjacent to Rural Urgent Care and will be developed as a Taco Bell – the first in the Millbrook area.  The sales price was $485,000.00. 

Lee Meriwether, CCIM recently represented Cobalt Realty, LLC in a lease transaction with Pou Family Medicine, LLC for ± 3,032 square feet of office space located at 4770 Woodmere Blvd., Suite B in Montgomery, Alabama.  The terms of the lease are undisclosed.

John Stanley, CCIM has represented Waffle House, Inc. in the purchase of a 38,247 S.F. lot located on Vaughn Road in Pike Road, Alabama.  The sales price was $235,750.00 ($6.16/S.F.).

Lee Meriwether, CCIM recently represented Mike and Todd Chambers in the sale of their former Chambers Furniture location at 6021 and 6031 Troy Highway in Montgomery, Alabama.  The Buyer was Bowen Properties II, LLC.  The property consists of approximately 6 acres and a ± 25,000 S.F. building.  The property will be used as an expansion for ServPro.  The sales price was $800,000.00.