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Description of the Article


SOLD – OFFICE BUILDING AND LOT, MONTGOMERY, AL. MARCH 29, 2024

John Stanley, CCIM has represented Black Dog Investments, LLC in the sale of a ± 9,768 S.F. office building located at 2601 Bell Road and a ± 26,000 S.F. adjacent office lot located at 2645 Bell Road in Montgomery, AL. The sales price of the building was $645,000.00 ($66.03/S.F.) and the sales price of the lot was $80,000.00 ($3.08/S.F.). The Buyer was Alabama Institute for Deaf and Blind.


SOLD – CLASS “A” OFFICE BUILDING, MONTGOMERY, AL. MARCH 25, 2024

John Stanley, CCIM has represented W.D. Distributing, LLC (Seraaj Family Homes, Inc.) in the sale of its ± 23,264 S.F. office building located at 400 Cotton Gin Road, Montgomery, AL. The Buyer was Central Alabama Aging Consortium (CAAC). The sales price was $2,000,000.00 ($85.97/S.F.).


SOLD – 37.26 ACRES AT MEADOWGATE DRIVE, MONTGOMERY, AL. MARCH 15, 2024

Lee Meriwether, CCIM has recently represented FHM Company, LLLP in the sale of 37.26 acres of land located at Meadowgate Drive in Montgomery, Alabama. The Buyer was Eastwood Presbyterian Church. The Sales price was $400,545.00 ($10,750.00 per acre).


SOLD – ± 203 ACRES, EAST AVALON WAY, MONTGOMERY, AL. MARCH 5, 2024

Lee Meriwether, CCIM and John Stanley, CCIM have represented Sidhu Farms, LLC in the sale of ± 203 acres located on East Avalon Way, off Ray Thorington Road, Montgomery AL. The property will be developed as a residential subdivision. The Buyer was Heritage Homes Development, Inc. The sales price was $1,118,040 ($5,500/AC.).


LEASED – ± 2,284 RSF, CLASS “A” OFFICE SPACE, MONTGOMERY, AL. FEBRUARY 22, 2024

John Stanley, CCIM has represented Alabama Credit Union Administration (ACUA) in the leasing of ± 2,284 RSF of Class “A” office space located at 100 North Union St., Montgomery, AL. The Lessor is The Retirement Systems of Alabama. The terms of the lease are undisclosed.