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Author: JSA Admin

Karen Account's Article

LEASED – ± 3,356 S.F. RESTAURANT, MONTGOMERY, AL. AUGUST 1, 2021

John Stanley, CCIM has represented Schilleci Eastchase, LLC in negotiating a new long-term lease with El Taco Shop, Inc. for an expansion of its space to 3,356 S.F. at 3267 Malcolm Drive, in Montgomery, AL. The terms of the Lease are undisclosed. 


SOLD – ± 54,000 S.F. OFFICE/WAREHOUSE BUILDING, MONTGOMERY, AL. SEPTEMBER 1, 2021

John Stanley, CCIM has represented Capitol Container, Inc. in the purchase of an office/warehouse property located on 5.48 acres at 6020 Monticello Drive in Montgomery, AL.  The primary building consists of ± 5,250 S.F. of improved office area, and ± 36,250 S.F. of warehouse area with loading docks.  A secondary building consists of ± 12,500 S.F. of warehouse area.  The sales price was $1,675,000.00 ($31.00/S.F.).


SOLD – TWO (2) OUTPARCELS, PIKE ROAD, AL. AUGUST 19, 2021

Mark Dauber has represented TVM Investment Properties, LLC in the sale of two (2) outparcels located at THE SHOPS AT PIKE ROAD in Pike Road, Alabama.  Lot 2 consists of ± 40,840 S.F. and sold for $653,440 ($16.00/S.F.).  Lot 3 consists of ± 44,994 S.F. and sold for $719,904 ($16.00/S.F.).  The Buyer of both lots was San Marcos Mexican Restaurant- Pike Road, Inc.


SOLD – ± 10.03 ACRES, MONTGOMERY, AL. AUGUST 13, 2021

John Stanley, CCIM has represented Cotton Field Place, LLC and A.J. McLemore Development Properties, LLC in the sale of a ± 10.03 acre multifamily property, zoned R-65-M, located on Halcyon Pointe Drive in Montgomery, AL.  The Buyer was Montgomery Senior Housing, LLLP.  The property will be developed in two (2) phases as the Willow Oak Trace Apartments for Seniors.  The sales price was $772,947.76 ($77,063.59/AC.).

SOLD – ± 2.45 ACRES – EASTCHASE PARKWAY, MONTGOMERY, AL. JULY 29, 2021

John Stanley, CCIM has represented Five East, Ltd. in the sale of ± 2.45 acres located on Eastchase Parkway in Montgomery, AL.  The Buyer was RAM Montgomery Hospitality Three, LLC.  The property will be developed as a four (4) story, 97 room, Home2 Suites by Hilton.  The sales price was $1,032,992.00 ($9.68/S.F.).