Description of the Article
John Stanley, CCIM has represented HCS Properties, LLC in the leasing of ± 12,870 S.F. of office space located at 1241 Carwood Court, Montgomery, AL. The tenant is Wind Creek Hospitality. The terms of the lease are undisclosed.
John Stanley, CCIM has represented The Alabama Workers Compensation Self Insurance Fund in the sale of a 12,088 S.F. office building located at 4217 Lomac Street. The Buyer is Alabama State Employees Credit Union (ASECU) which will use the property as its headquarters, administration office and data center. The sales price was $900,000.00 ($74.45/S.F.).
Lee Meriwether, CCIM recently completed the sale of a ± 1,794 S.F. office building located at 611 S. Lawrence Street, Montgomery, Alabama 36104. The property was zoned T-4- R (smart code). The Seller was Jeffrey K. Eng and the Buyer was Terrence Joseph Willis. The sales price was $70,000.00.
Lee Meriwether, CCIM completed the sale of a multi-tenant office/warehouse building located at 882, 884 and 886 Plantation Way in Montgomery, Alabama. The building size was ± 20,504 S.F.; the lot size was ± 1.34 acres and zoned M-1. The Seller was Regions Bank and the Buyer was Capital Real Estate Holdings, LLC. The sales price was $450,000.00 ($21.93 S.F.).
John Stanley, CCIM has represented the Montgomery Area Council on Aging (MACOA) with the purchase of the property located at 321 No. Lawrence St. The site consists of 16,117 S.F. and is zoned Smart Code. The existing structure will eventually be demolished by MACOA. The sales price was $140,000.00 ($8.68/S.F.).