Properties Sold and Leased

SOLD - Office Building, 1103 S. Perry Street, Montgomery, AL - June 1, 2009

John Stanley, CCIM has represented the Alabama Society of Certified Public Accountants in the sale of its former headquarters located at 1103 South Perry Street. The property consists of a ± 4,126 S.F. office building on a 24,000 S.F. site. The sales price was $265,000.00 ($64.23/S.F.)

SOLD - Kershaw Boulevard, Montgomery, AL - May 28, 2009

Lee Meriwether, CCIM recently completed the sale of Lot #5 located on Kershaw Boulevard. The lot is approximately 36,590 S.F. and sold for $105,000.00 or $2.87/S.F

SOLD - Pike Road Station, Pike Road, AL - May 5, 2009

Mark Dauber has represented the First National Bank of Crestview in the sale of Pike Road Station to the Town of Pike Road, AL. The property consists of 35,065 S.F. of retail space situated on 4.55 AC. and located at 9569 Vaughn Road, Pike Road, AL. The sales price was $4,000,000. The Town of Pike Road plans to occupy an unleased portion of the property for its City Hall and related municipal uses.

SOLD – 12 Acres East Blvd and East Shirley Lane - April 28, 2009

Lee Meriwether, CCIM recently completed the sale of + 12 acres on the East Boulevard. The property has 60 feet of frontage on the East Boulevard and 230 feet of frontage on East Shirley Lane. The property is zoned B-2 and B-5. The sales price was $245,000.

LEASED - Office Space, Montgomery, AL - Apr 21, 2009

John Stanley, CCIM has represented Legacy Center, LLC in the leasing of 4,020 S.F. of Class “A” office space at 3162 Parliament Circle, Montgomery, AL. The name of the tenant is undisclosed.

SOLD - Woodmere Road Boulevard Building - April 10, 2009

John Stanley, CCIM has represented Alabama Orthopedic Specialists (AOS) in the purchase of a 6,697 S.F. office building located at 4650 Woodmere Blvd. The building will be remodeled and used by AOS as part of its orthopedic practice located adjacent to its current facility at 4294 Lomac Street. The Seller was Kirkland Enterprises, LLC. The sales price was $925,000.

SOLD - Taylor Road Office Building, Montgomery, AL - April 6, 2009

John Stanley, CCIM along with the CB Richard Ellis Memphis office, has represented Southern Guaranty Insurance Company in the sale of the 63,200 S.F. office building at 2545 Taylor Road, Montgomery, AL. The property is zoned O-1 (office) with a total land area of 10.05 acres. The sales price was $3,000,000.00.

SOLD - Lower Commerce Street - Feb 26, 2009

Lee Meriwether, CCIM recently completed the sale of an office condominium located in the Hobbie Building at 260 Commerce Street in Montgomery, AL. The sale included approximately 6,400 S.F. of an office space on the third floor plus approximately 1200 S.F. of storage space in the basement. The sales price was $380,000.00.

SOLD - Pine Lake Motel - Feb 24, 2009

Lee Meriwether, CCIM recently completed the sale of Pine Lake Motel located at 7561 Troy Highway in Pike Road, Alabama. The motel consists of 21 rooms on 5.55 acres and all equipment was included. The sales price was $700,000.00.

SOLD - Lowe's Outparcel, Wetumpka, AL - Dec 30, 2008

John Stanley, CCIM has represented MAX Credit Union in its purchase of an outparcel located at on US 231 in Wetumpka, AL. The outparcel consists of 97,004 S.F. and will be developed as a MAX branch office. The property is zoned B-2 (Business). The sales price was $1,358,056($14/S.F.).

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