Lee Meriwether, CCIM recently represented Burks Enterprises, LLC in a long-term lease agreement for a property located at 715 Madison Avenue in Montgomery, Alabama. The tenant is Scott’s Auto and Tire Service.  They are based out of Millbrook, Alabama and this is their first Montgomery location.  The terms of the lease are undisclosed.

John Stanley, CCIM has represented BB&T in the sale of a former branch bank facility located at 9120 Eastchase Parkway.  The building is ± 3,576 S.F. located on a ± 39,640 S.F. lot.  The Buyer was Auburn University Federal Credit Union.  The sales price was $800,000.00. 

John Stanley, CCIM has represented 9066 Eastchase, LLC in the purchase of an existing Bojangles restaurant located at 9066 Eastchase Parkway.  The property consists of a ± 3,886 S.F. restaurant on a ± 45,944 S.F. lot.   The sales price for the fully equipped restaurant was $1,650,000.00.

Mark Dauber has represented Redland Grocery, LLC in the purchase of a ± 3.0 acre parcel of land located in Elmore County, Alabama at the intersection of Firetower Road and Redland Road.  The Property will be developed as a food store and gas station facility.   The sales price was $300,564.00 ($2.30/S.F.).

John Stanley, CCIM has represented N & S Property, LLC in the sale of 38 Hunter Lane.  The property consists of a 6,658 S.F. building which is leased to PPG Architectural Finishes, Inc. The Buyer is World Capital Realty, LLC.  The sales price was $300,000.00 ($45.06/S.F.).

John Stanley, CCIM has represented Watson & Schendell Properties, LLC in the sale of a     ± 4,178 S.F. office building located at 8325 - 8329 Crossland Loop in Montgomery, Alabama.  The Buyer was Dirt Road Dreamhouse, LLC.  The sales price was $395,000.00 ($94.54/S.F.) representing an 8.25 cap rate. 

Nim Frazer, SIOR has represented BB&T in the sale of a ± 22,975 S.F. building located on ± 3.5 acres at 544 Cahaba Road, in Greenville, AL.  The Buyer was Life Line Church, Inc.  The sales price was $400,000.00.

Nim Frazer, SIOR has represented Rebecca Vaughn and Elizabeth Calhoun in the sale of ± 30.05 acres located on U.S. Hwy 80 West, across from Dannelly Field, in Montgomery, AL.  The property is zoned M-1 and was sold to KOAM, LLC.  The sales price was $270,000.00.

Lee Meriwether, CCIM has represented Karla Boles Properties, LLC in a long-term lease for ± 2,525 S.F. of office space located at 1288-A East Main Street in Prattville, AL.  The tenant is Alabama Board of Pardons and Paroles.  The terms of the lease are undisclosed.

Lee Meriwether, CCIM has represented Karla Boles Properties, LLC in a long-term lease for ± 1,030 S.F. of office space located at 1300-E East Main Street in Prattville, AL.  The tenant is Social Work Solutions.  The terms of the lease are undisclosed.