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.

Lee Meriwether, CCIM recently completed the sale of a commercial lot on Alabama Hwy. 14 in Millbrook, Alabama.  The sales price was $500,000.00.  The lot will be developed as a Popeye’s restaurant.

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.

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 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.