Retail middle sells for giant bucks in Foley

An out-of-state investor paid $4.22 million for Foley Plaza, a 20,4000-square-foot neighborhood retail middle at 2131-2167 S. McKenzie St., in Foley, in accordance with Angie McArthur of Stirling Properties, who represented the vendor. The middle is anchored by AT&T and is absolutely leased.

EquipmentShare paid $735,000 for 2 buildings in I-10 Industrial Park at 5750 and 5766 I-10 Industrial Parkway in Theodore, in accordance with Pete Riehm of CRE Cell, who dealt with the transaction. EquipmentShare is a nationwide firm that gives massive development tools leases and digital options for the development trade. The 2 new buildings present greater than 14,000 sq. toes of workplace/warehouse area along with their present area at 8765 Bellingrath Street in Theodore.

Two industrial heaps subsequent to Outdated Time Pottery on Ala. 59 in Foley have been bought by an out-of-state investor for $550,000, in accordance with Angie McArthur of Stirling Properties, who dealt with the transaction. The heaps complete 169,884 sq. toes of land.The client plans to subdivide the property for a future fast serve restaurant and a small retail strip middle.

Dealing with Techniques & Conveyors has leased 3,500 sq. toes of distribution area at 8551 Rand Ave., in Daphne, in accordance with Steadman Bethea of Stirling Properties, who represented the tenant. Dealing with Techniques & Conveyors is a producer of meeting and course of materials dealing with techniques.

Look ahead to a mixed-use improvement on 53 acres northeast of Ala. 181 and St. Michael Means simply exterior Daphne, in accordance with the Baldwin County Planning Fee. About 21 acres bordering Ala. 181 could be for industrial tenants and the remaining acres could be a residential subdivision. The challenge has obtained annexation approval from Daphne Metropolis Council.

The town of Foley has leased about 2,500 sq. toes of workplace area within the 200 W. Laurel constructing at 200 W. Laurel Ave., in Foley, in accordance with Amanda Goldman and Jason Scott of Stirling Properties, who represented the owner. The newly renovated constructing within the metropolis’s downtown historic enterprise district will home town’s engineering employees.

Dogwood Estates with 72 single household residential heaps is deliberate for a part of a 65-acre web site on the northeast intersection of the Baldwin Seaside Categorical alongside Baldwin County 36 close to Summerdale, in accordance with the Baldwin Planning Fee.

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