John Stanley, CCIM, with John Stanley & Associates, Inc. has represented Montgomery Colonial Property, LLC in the sale of Capitol Commerce Center, 100 Capitol Commerce Blvd., Montgomery, AL.  The property consists of a ± 220,000 S.F. Class “A” office building, a ± 5,300 S.F. office/warehouse, with on-site parking, including a 360 space parking garage and is located on ± 17.34 acres. 

The Buyer of the property is Alfa Mutual Insurance Company and was represented by Deborah McGill Smith, SIOR and William Ledbetter with Cushman & Wakefield/EGS Commercial Real Estate. 

The terms of the sale are undisclosed.

Lee Meriwether, CCIM, recently represented Khairo Luxe Hotels, LLC,  in the purchase of 2.14 acres of land along Rocky Mount Road in Prattville, AL.  The site is North of Bass Pro Shops and also adjoins I-65.  The site will be developed as a Motel.  The Sales price was $749,400.00 ($8.04/S.F.). 

Lee Meriwether, CCIM and John Stanley, CCIM have sold ± 31.05 acres located on Park Crossing Drive at New Park.  The property will be developed as Phase IV of the Jubilee subdivision.  The Seller was  New Park Development Company, LLC and the Buyer is SMB Land, LLC. The Sales price was $776,500.00 ($25,000.00/AC.).