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Description of the Article


LEASED – ± 3,356 S.F. RESTAURANT, MONTGOMERY, AL. AUGUST 1, 2021

John Stanley, CCIM has represented Schilleci Eastchase, LLC in negotiating a new long-term lease with El Taco Shop, Inc. for an expansion of its space to 3,356 S.F. at 3267 Malcolm Drive, in Montgomery, AL. The terms of the Lease are undisclosed. 


SOLD – ± 2.45 ACRES – EASTCHASE PARKWAY, MONTGOMERY, AL. JULY 29, 2021

John Stanley, CCIM has represented Five East, Ltd. in the sale of ± 2.45 acres located on Eastchase Parkway in Montgomery, AL.  The Buyer was RAM Montgomery Hospitality Three, LLC.  The property will be developed as a four (4) story, 97 room, Home2 Suites by Hilton.  The sales price was $1,032,992.00 ($9.68/S.F.).


SOLD – ± 2.85 ACRES – EASTCHASE PARKWAY, MONTGOMERY, AL. JULY 29, 2021

John Stanley, CCIM has represented Five East, Ltd. in the sale of ± 2.85 acres located on Eastchase Parkway in Montgomery, AL.  The Buyer was RAM Montgomery Hospitality Two, LLC.  The property will be developed as a four (4) story, 96 room, Residence Inn by Marriott.  The sales price was $813,784.00 ($6.56/S.F.).

LEASED – ± 3,660 S.F. TIGER TOWN, OPELIKA, AL. JULY 21, 2021

John Stanley, CCIM has represented MR. MATTRESS, LLC in leasing ± 3,660 S.F. of retail space located on Enterprise Drive (TIGER TOWN) Opelika, AL.  The terms of the Lease are undisclosed. 


SOLD – THREE (3) COMMERCIAL LOTS, PIKE ROAD, AL. JULY 12, 2021

John Stanley, CCIM has represented The Langenberg Trust in the sale of three (3) platted commercial lots located at the corner of Vaughn Road and Lochfield Drive in Pike Road, AL.  The total size of the lots is 2.41 acres.  The Buyer was Georgiana Convenience, LLC.  The sales price for the three (3) was $625,000.00 ($5.95/S.F.).