Properties Sold and Leased

LEASED – East Park Center, Montgomery, AL – April 11, 2008

Lee Meriwether, CCIM represented East Park Center in a lease for approximately 2,700 S.F. of office space on Carol Villa Drive.  The tenant, Treehouse Property Management, signed a five (5) year lease.
 

SOLD – Warehouse Property, Prattville, AL – April 11, 2008

John Stanley, CCIM and Nim Frazer, SIOR have sold a 5,075 S.F. warehouse property located at 104 Industrial Park Road in Prattville, AL.  The Seller was WW Motorsports, LLC and the Buyer is a local business.  The sales price was $72,500.00.
 

LEASED – 1965 Mitchell Young Rd, Montgomery, AL – March 31, 2008

Nim Frazer, SIOR has negotiated a five (5) year lease for approximately 74,000 S.F. of office/manufacturing/warehouse space at 1965 Mitchell Young Road to ANM Services, LLC.  John Stanley & Associates, Inc. will continue to market this property FOR SALE for Norment Security Group, Inc. as an investment property during the lease term.
 

SOLD - Sanford Tile Property - March 21, 2008

John Stanley, CCIM has represented G & J Partnership in the sale of the Sanford Tile Property located at 5506 Wares Ferry Road, Montgomery, AL. The Property consists of a 13,797 S.F. showroom/warehouse facility on 1.3 acres of land. The sales price was $450,000.
 

SOLD – Montgomery Business Park – March 20, 2008

Lee Meriwether, CCIM recently completed the sale of two (2) lots located at the corner of Congressman Dickinson Drive and Newell Parkway at Montgomery Business Park.  The two (2) lots combined total + 125,550 S.F. and sold for $502,200.00 or $4.00/S.F.  Both lots are zoned B-3 and will be developed as a Flowers Bakery Distribution Center and Bread Store.
 

SOLD – Hwy 14 Prattville, AL – March 14, 2008

Lee Meriwether, CCIM recently completed the sale of a lot located at the corner of Hwy 14 and Jasmine Trail in Prattville, AL.  The lot is + 33,168 S.F. and sold for $265,000.00 or $7.00/S.F.  The lot is zoned B-2 and will be developed as the future office for Dr. Barry McNamara.
 

LEASED – Central Parkway, Montgomery, AL – February 22, 2008

Lee Meriwether, CCIM has leased 1,500 S.F. of office space at 2744 Central Parkway to RGIS, LLC.  Beginning May 1, 2008 this will be the new Montgomery office location for RGIS, LLC.  The average rental rate over the term of the lease is $16.00/S.F.
 

SOLD – Business Lot, Montgomery, AL – February 12, 2008

John Stanley, CCIM has represented Mitylene Development, Inc. in the sale of a 43,622 S.F. lot zoned B-2 at the corner of Atlanta Highway and Mitylene Park Lane in Mitylene Office Park.  The sales price was $436,622 ($10.00/S.F.).  The proposed use for this property is a pharmacy/drug store.
 

LEASED – Mendel Parkway, Montgomery, AL – February 8, 2008

John Stanley, CCIM has leased 3,260 S.F. of office space at 340 Mendel Parkway to Environmental Consulting & Engineering (ECE).  This will be the new home office for ECE beginning February 18, 2008.
 

SOLD – Office Building, Montgomery, AL – January 31, 2008

Mark Dauber has completed the sale of an approximately 5,087 S.F. office building located at 529 South Perry Street in Montgomery, AL.  The Seller was Commerce Row Associates, Ltd. and the Buyer was Martha B. Cassels.  The sales price was $260,000.00.
 
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In The Spotlight


Halcyon Pointe - Phase I & II located off I-85 at Taylor Road (Exit 9), this three-story, state of the art, Class A, 75,000-SF office building...
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This months featured property is located at Perry Hill Road and I-85 (Exit 4)... 
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Disclaimer

All information is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, or other conditions, such as prior sales or withdrawal without notice by John Stanley & Associates or the Clients, or Affiliates.

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