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LEASED – 9,240 S.F., RETAIL SPACE, Montgomery, AL – March 20, 2014

John Stanley, CCIM has represented PriMed Physicians, Inc. in leasing 9,240 S.F. of space located at Prattville Shopping Center, East Main St., Prattville, AL. The space, formerly leased to CVS, will be remodeled as an Urgent Care facility. Opening is scheduled for June, 2014. The terms of the lease are undisclosed.



SOLD - Vaughn Road Lot, Montgomery, AL - March 20, 2014

John Stanley, CCIM has represented the Dan Broughton Family Partnership in the sale of a 31,278 S.F. commercial lot located on Vaughn Road, adjacent to CVS. The Buyer was Dr. Lewis T. Benefield who plans to develop the property as a vet clinic. The sales price was $281,500 ($9.00/S.F.).



LEASED – 6,800 S.F., RETAIL SPACE, Montgomery, AL – March 11, 2014

John Stanley, CCIM has represented PriMed Physicians, Inc. in leasing 6,800 S.F. of space located at Chantilly Corners, Eastchase Parkway, Montgomery, AL. The space will be remodeled as an Urgent Care Facility to be opened and operational in May, 2014. The terms of the lease are undisclosed.



SOLD – Bell Building, Montgomery, AL– March 7, 2014

Mark Dauber has represented F&A Realty Montgomery, Ltd. in the sale of the Bell Building located at 201 Montgomery St. in downtown Montgomery, AL. The building consists of approximately 120,000 S.F. of office space. The Buyer plans to renovate the property as a residential development. The Buyer was MAL, LP and the sales price was $3,125,000.



SOLD – Shopping Center, Greenville, AL– February 28, 2014

John Stanley, CCIM has represented Cadles Butler Plaza, LLC in the sale of a 90,342 S.F. Shopping Center located on Al. Hwy 245 Bypass, Greenville, AL. The Buyer was Chen's First Property, LLC. The sales price was $1,550,000 at a 12.6 cap rate.