Lee Meriwether, CCIM recently represented Grantham Land Company, LLC in the purchase of ± 19.38 acres of land along EastChase Lane in Montgomery, Alabama.  The property was zoned PUD at the time of the sale and will be developed as a gated upper end residential neighborhood.  The sales price was $667,120.00 or $34,423.00 per acre.

John Stanley, CCIM has represented Melrose Properties, LLC in the purchase of 27 residential lots and 18.71 acres of adjacent property at the Melrose development located at the corner of Vaughn Road and Ray Thorington Road, Montgomery, AL. The Seller was Leavell, LLC. The total sales price was $1,398,715.00.

John Stanley, CCIM has represented Synovus Bank in the sale of a ± 1.25 acre outparcel located on Chantilly Parkway, Montgomery, AL.  The Buyer is Schilleci White Stone, LLC.  The sales price was $462,250.00 ($8.25 / S.F.).  

Lee Meriwether, CCIM has represented Premier Holdings, LLC in the purchase of an outparcel fronting Taylor Road.  The outparcel is a part of the Publix anchored shopping center called Cornerstone.  The site was ± 1.54 acres and sold for $805,000.00 ($12.00/S.F).  The site will be developed as a new Burger King restaurant.