Retail centre sells for large bucks in Foley

An out-of-state trader paid out $4.22 million for Foley Plaza, a 20,4000-sq.-foot neighborhood retail center at 2131-2167 S. McKenzie St., in Foley, according to Angie McArthur of Stirling Houses, who represented the seller. The center is anchored by AT&T and is fully leased.

EquipmentShare compensated $735,000 for two properties in I-10 Industrial Park at 5750 and 5766 I-10 Industrial Parkway in Theodore, according to Pete Riehm of CRE Cell, who dealt with the transaction. EquipmentShare is a countrywide firm that offers large design products rentals and digital answers for the development sector. The two new buildings offer additional than 14,000 sq. feet of workplace/warehouse space in addition to their present-day room at 8765 Bellingrath Highway in Theodore.

Two professional loads subsequent to Old Time Pottery on Ala. 59 in Foley have been procured by an out-of-point out investor for $550,000, according to Angie McArthur of Stirling Houses, who managed the transaction. The a lot whole 169,884 square ft of land.The buyer designs to subdivide the residence for a potential quick serve cafe and a smaller retail strip center.

Dealing with Units & Conveyors has leased 3,500 sq. toes of distribution room at 8551 Rand Ave., in Daphne, according to Steadman Bethea of Stirling Houses, who represented the tenant. Handling Devices & Conveyors is a company of assembly and approach content handling units.

Observe for a mixed-use growth on 53 acres northeast of Ala. 181 and St. Michael Way just exterior Daphne, according to the Baldwin County Organizing Fee. About 21 acres bordering Ala. 181 would be for business tenants and the remaining acres would be a household subdivision. The challenge has acquired annexation acceptance from Daphne Metropolis Council.

The city of Foley has leased about 2,500 square toes of office environment place in the 200 W. Laurel creating at 200 W. Laurel Ave., in Foley, in accordance to Amanda Goldman and Jason Scott of Stirling Properties, who represented the landlord. The recently renovated making in the city’s downtown historic business district will house the city’s engineering staff.

Dogwood Estates with 72 one household household tons is planned for part of a 65-acre web site at the northeast intersection of the Baldwin Beach front Specific along Baldwin County 36 in the vicinity of Summerdale, according to the Baldwin Organizing Commission.