LEASED – Office Space, Montgomery, Alabama – January 12, 2011

John Stanley, CCIM has represented Tyna Carter, d/b/a State Farm, in the lease of 1,200 S.F. at Central Parkway Place.  This location will open as a new State Farm agency office on March 1, 2011.  The terms of the lease are undisclosed.

SOLD – Branch Bank Facility, Ft. Deposit, AL  – January 6, 2011

SOLD - Office/ Warehouse Building - Montgomery, AL - December 21, 2010

Lee Meriwether, CCIM has recently completed the sale of the former Franco Distributing property located at 1469 Jean Street, Montgomery, AL.  The building is + 14,303 S.F., situated on + 1.85 acres and zoned M-1.  The sale price was $560,000.00

LEASED – HALCYON POINTE I, Montgomery, AL – December 9, 2010

John Stanley, CCIM has represented the Home Builders Association of Alabama (HBAA) in leasing an additional 4,745 S.F. of Class “A” office space at Halcyon Pointe I located at 7515 Halcyon Summit Drive, Montgomery, AL.  The Lessee is Auburn University at Montgomery (AUM).  Occupancy will be January, 2011.  The terms of the lease are undisclosed.

SOLD – Two (2) OFFICE LOTS, Montgomery, AL – December 10, 2010

John Stanley, CCIM has represented Mitylene Development, Inc. in the sale of two (2) office lots located at Mitylene Office Park.  The lots comprised a total 40,973 S.F. and were sold to Dialysis Clinic, Inc. for the future development of a 6,607 S.F. dialysis facility.  The sales price for both lots was $300,000 ($7.32/S.F.).

SOLD – Class “A” Office Bldg., Montgomery, AL – November 16, 2010

John Stanley, CCIM has represented the Federal Deposit Insurance Corporation (FDIC) in the sale of the former Colonial Bank Headquarters building located at 100 Colonial Bank Boulevard in Montgomery, AL.  The property consists of a ± 209,000 Class “A” office building with 632 paved parking spaces (including a three (3) story parking deck) situated on ± 15.119 acres.  The sales price is undisclosed.

SOLD – Medical Office Building, Montgomery, AL – November 12, 2010

John Stanley, CCIM has represented The Children’s Hospital of Alabama in the sale of a 5,450 S.F. medical office building located at 3041 East Blvd.  The Buyer was Schilleci Eastern Shore, LLC.  The sales price is undisclosed.

SOLD – 175 Acres, Bon Terre -  Residential Subdivision - November 10, 2010

John Stanley, CCIM and Mark Dauber have transacted the sale of the Bon Terre Subdivision, located in Pike Road, AL.  The Seller was BB&T and the Buyer was AES Industries, Inc.  The property consists of 110 platted residential lots with improvements plus an additional thirty (30) acres of land for future development.  The sales price is undisclosed.

SOLD –  ± 74,000 S.F. Warehouse, Montgomery, AL, October 22, 2010

Nim Frazer, SIOR has represented Norment Security Group, Inc. in the sale of a
± 74,000 S.F. warehouse situated on 20 acres located at 1965 Mitchell Young Road, Montgomery, AL.  The Buyer was Shinsung Petrochemical, Inc.  The sales price was $1,300,000.