Properties Sold and Leased

LEASED – 868 Lagoon Commercial Blvd., Montgomery, AL – March 29, 2010

Lee Meriwether, CCIM has leased a + 4,720 office/warehouse building located at 868 Lagoon Commercial Blvd. The Tenant is Engineered Cooling Systems.

SOLD – OFFICE BUILDING, 640 So. Lawrence St., Montgomery, AL – April 2, 2010

John Stanley, CCIM has represented 641 Company, LLC in the sale of a ± 1,950 S.F. office building located at 640 So. Lawrence St. The Buyer was Consumer Credit Counseling Service of Alabama, Inc. and the building is to be used for its new home office facility in Montgomery. The sales price was $105,000.

SOLD – Perry Hill Mini Storage, Montgomery, AL – March 31, 2010

John Stanley, CCIM has represented the Seller in the sale of Perry Hill Mini Storage located at 3810 Perry Hill Road, Montgomery, AL. The Buyer was Tigertown Investments, Inc. The sales price was $440,000.00.

SOLD – Former “Up The Creek” Restaurant – Montgomery, AL

Lee Meriwether, CCIM recently completed the sale of the former Up The Creek restaurant property located at 2070 East Boulevard. The Property totaled + 1.9 Acres and is zoned B-3. The building size is + 6,500 S.F. The sales price was $600,000 or $92.31/S.F.

SOLD – CVS Pharmacy, Opelika Road, Auburn, AL – March 9, 2010

John Stanley, CCIM has represented the Buyer of the CVS Pharmacy located at the SW corner of Opelika Road and East University Drive in Auburn, AL. The Seller was Auburn Es Tu Malade? #1, LLC and the name of the Buyer is undisclosed. The sales price was $5,410,200.00 representing a 7.15 cap rate.

LEASED – Warehouse, 3630 Capital Plaza, Montgomery, AL – March 3, 2010

Nim Frazer, SIOR has represented Billie Claire Mangum in leasing ± 10,000 S.F. of office/warehouse space at 3630 Capital Plaza. The Tenant is Diversified Pallets, Inc.

SOLD – Office Building, 525 S. Lawrence Street, Montgomery, AL – March 3, 2010.

Mark Dauber has completed the sale of the approximately 9,380 S.F. former Medical Imaging Building located at the southeast corner of High St. and Lawrence Street. The Seller was Central Alabama Medical Enterprises, Inc. and the Buyer was The Housing Authority of the City of Montgomery, Alabama. The sales price was $890,000.00.

LEASED – Interstate Park – March 1, 2010

Lee Meriwether, CCIM and John Stanley, CCIM recently represented Interstate Park Holdings, LLC in a lease transaction with Branch Banking and Trust Company for + 22,151 S.F. (the entire 4th Floor) of office space located at 2000 Interstate Park Drive, Montgomery, AL (Interstate Park Center).

LEASED – Halcyon Pointe II – March 1, 2010

John Stanley, CCIM has represented the Home Builders Association of Alabama in leasing approximately 12,800 S.F. of Class “A” office space at Halcyon Pointe II located at 7460 Halcyon Pointe Drive, Montgomery, AL. The Lessee is Morgan Keegan & Company, Inc. Occupancy is scheduled for August, 2010. The terms of the lease are undisclosed.

SOLD – 7025 Atlanta Highway, Montgomery, AL – February 23, 2010

John Stanley, CCIM has transacted the sale of the former Green Thumb Nursery Property located at 7025 Atlanta Hwy., Montgomery, AL. The Property consists of a ± 1.86 acres of land zoned B-2. The Property will be used for additional parking and building expansion for the adjacent Pri-Med Physicians facility. The Seller was Charles Harwell and James Harwell; the Buyer is The Health Care Authority for Baptist Health. The Sales Price is undisclosed.

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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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