Nim Frazer, SIOR has represented Sterling Bank in the sale of an office/warehouse property located at 4285 Alatex Road, Montgomery, AL.  The property consists of a ± 16,000 S.F. building (± 2,476 S.F. office/showroom and ± 13,524 S.F. warehouse) located on ± 5.07 acres.  The Buyer was Logis Tech, L.L.C.  The sales price was $375,000.00.

Lee Meriwether, CCIM has recently represented Sykes Enterprises, Inc. in the negotiation of a long term lease for ± 48,181 S.F of Class A office space located at 201 Technacenter Drive.  The space will be used for a new call center and could employ up to 500 new jobs in Montgomery.  The terms of the lease are undisclosed.

John Stanley, CCIM has represented the Alabama Banker’s Association in leasing ± 8,795 RSF of Class A office space in the RSA Dexter Avenue Building, 445 Dexter Ave., Montgomery, AL.  The terms of the lease are undisclosed.

Lee Meriwether, CCIM has represented Coastal Beach Investments, LLC in the lease of ± 6,300 S.F. of office space located at 9532 Wynlakes Place, Montgomery, AL.  The tenant is Specialized Alternatives for Families and Youth of Alabama, Inc.  The terms of the lease are undisclosed.

John Stanley, CCIM has represented Arthur E. Marxer, et al. in the sale of 229.9 acres located at 6350 Mobile Hwy. (U.S. Hwy. 31) to The Water Works and Sanitary Sewer Board of the City of Montgomery.  The property is zoned  M-3.  The sales price was $688,000 ($3,000/Ac.).

Lee Meriwether, CCIM represented Steve Arnberg in the sale of a ± 1,000 S.F. office condo located at 2800 Zelda Road, Suite 200-8.  The Buyer was Robert Roberts.  The sales price was $70,000.

John Stanley, CCIM and Lee Meriwether, CCIM have represented Thompson Tractor Company, Inc. in the sale of an office/warehouse property located at 2217 So. Forbes Dr., fronting North Boulevard.  The building is ± 2,189 S.F. and the lot is ± 2.37 Ac. The sales price was $185,000.  The name of the Buyer is undisclosed.

Lee Meriwether, CCIM has represented Premier Holdings, LLC in the purchase of an outparcel fronting Taylor Road.  The outparcel is a part of the Publix anchored shopping center called Cornerstone.  The site was ± 1.54 acres and sold for $805,000.00 ($12.00/S.F).  The site will be developed as a new Burger King restaurant.

John Stanley, CCIM has represented Alabama State Employees Credit Union (ASECU) in the purchase of an existing branch bank property located at 9190 Eastchase Parkway, Montgomery, AL.  The Seller was Community Bank & Trust - Alabama.  The property consists of a 6,538 S.F. bank building on a 43,707 S.F. lot.  The sales price is undisclosed.

Lee Meriwether, CCIM has represented River Bank & Trust in the sale of a ± 9,900 S.F. retail shopping center located at 1510 - 1534 South Memorial Drive, Prattville, Alabama.  The sales price was $750,000.00 ($75.76/S.F.).