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Description of the Article


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.


SOLD – ± 1.15 ACRES, HYUNDAI BLVD., MONTGOMERY, AL. FEBRUARY 19, 2024

John Stanley, CCIM has represented Auburn University in the sale of a ± 1.15 acre lot located on Hyundai Boulevard, Montgomery, AL. The Buyer was Georgiana Convenience, LLC. The sales price was $130,000.00 ($2.60/S.F.).


SOLD – OFFICE BUILDING, MONTGOMERY, AL. FEBRUARY 1, 2024

John Stanley, CCIM has represented Beebe Fredrick, Jr. in the sale of a ± 9,436 S.F. office building located at 624 South Perry Street, Montgomery, AL. The Buyer was River Region United Way. The sales price was $442,500.00 ($45.05/S.F.).


SOLD – 307 OLD FARM LANE SOUTH, PRATTVILLE, AL. JANUARY 31, 2024

Lee Meriwether, CCIM recently represented STAE Here, LLC in the purchase of 307 Old Farm Lane South in Prattville, Alabama consisting of ± 5 acres of land and a ± 1,700 S.F. house that will be converted to an office. The Property was rezoned from Agriculture to Office prior to Closing. The sales price was $399,000.00.