Lee Meriwether, CCIM and John Stanley, CCIM recently completed the sale of ± 19 Acres of vacant land located along Park Crossing Drive adjacent to the New Park Subdivision. The property is the first phase of a four (4) phase single family development.  Phase one (1) will be developed as 55 residential homes. The Buyer was SMB Land, LLC. The terms of the sale are undisclosed.

John Stanley, CCIM has represented Avadian Credit Union in the sale of a ± 2,645 S.F. former branch office located at 2906 Atlanta Highway, Montgomery Alabama.  The buyer was CK Atlanta Hwy, LLC.  The property will be developed as a Circle K gas and convenience store facility.  The sales price was $325,000.00 ($122.87/S.F.).

John Stanley, CCIM has transacted a lease between Family Dollar Stores of Alabama, LLC and Selma Retail Property, LLC at a former Rite-Aid (11,060 S.F.) located at 1018 Highland Avenue, Selma, Alabama.  The terms of the lease are undisclosed. 

John Stanley, CCIM has represented The First Church of God in the sale of a ± 3,000 S.F. office building located at 295-301 Mendel Parkway East, Montgomery Alabama.  The buyer was Triple A T & B, LLC.  The sales price was $155,000.00 ($51.67/S.F.).

John Stanley, CCIM has represented Montgomery Pediatric Dentistry and Orthodontics, DBA Smiles From Us in the leasing 2,765 S.F. at the Shops at Pike Road retail center currently under construction at 9547 Vaughn Road, Pike Road, Alabama.  The terms of the lease are undisclosed.  

Lee Meriwether, CCIM has represented Hoover AL Investors, LLC in the purchase of ± 8.0 acres of commercial property located at 2410 Parkway River Road, Hoover, Alabama (NE Corner of Highway 31 and Parkway Lake Drive).  The property will be developed as a first class Assisted Living Facility with Memory Care.  The purchase price for the entire property was $2,600,000.00 ($7.46/S.F.).

John Stanley, CCIM has represented Marion Bank & Trust Company in the leasing a ± 1,400 S.F. office space located at 1765 Platt Place, Montgomery, Alabama.  The terms of the lease are undisclosed.  

John Stanley, CCIM has represented MTD Holdings, LLC in the sale of a ± 4,000 S.F. office building located a 2951 Zelda Road, Montgomery, Alabama.  The buyer was ACGH, LLC.  The sales price was $250,000.00 ($62.50/S.F.).

John Stanley, CCIM has represented Woodmere Properties, LLC in the leasing of ± 1,975 S.F. of office space located at 4755 Woodmere Blvd., Montgomery, Alabama.  The tenant is Montgomery Metro Realty, Inc.  The terms of the lease are undisclosed.  

Mark Dauber has represented TVM Investment Properties, LLC in the sale of a 14.63 acre retail tract located at the NE Corner of Vaughn Road and Pike Road.  The Property will be developed with two (2) separate outparcels fronting Vaughn Road plus an 11.63 acre parcel to be developed as a 69,869 S.F. retail center with Publix Super Market as the anchor tenant.  The Buyer is Shops at Pike Road, LLC.  The sales price for the entire property was $2,850,000.00 ($4.47/S.F.).