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Multi-million dollar sales are happening

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A local investor paid $3.28 million for the Palm Plaza shopping center at 1115 N. Mackenzie Street in Foley, said the seller’s agent, Andrew Dickman of Sterling Properties. Palm Plaza is fully leased to tenants including Dollar General, Subway and H&R Block. The combined area of ​​his three buildings at the Center and Out Purcell is approximately 50,000 square feet.

The Title Building, located at 164 St. Francis St. in downtown Mobile, was purchased by a group of local investors for $1,344,500, according to CRE Mobile’s John D. Peebles and William Peebles, who represented the seller. it was done. Inge & Associates worked for buyers. The local landmark is across from Bienville Square and adjacent to the Athelstan Club. The buyer plans to convert the 17,000 square foot building into a luxury mixed-use.

Arena Fire Protection paid $790,000 for a 2.69-acre, 15,000-square-foot office warehouse building at 10023 Lifeline Court in Mobile, said Mike Reid of Merrill P. Thomas Co., who handled the transaction. Arena Fire Protection also purchased two of his adjacent lots, bringing the total he area to 5.15 acres. The company provides fire sprinklers, alarms, fire extinguishers and CCTV systems for commercial, residential and industrial customers.

Coding Ninjas Pensacola has leased 2,500 square feet of space in the Plaza North Shopping Center at 3 W. Nine Mile Road in Pensacola, Fla., and is expected to open in November, said Jason Scott of Stirling Properties, which represents the landlord. says Mr. Coding Ninjas Pensacola is a franchisee of Code Ninjas, the world’s largest and fastest growing children’s coding franchise.

Culver’s Restaurants is seeking approval for a 4,500-square-foot building on the northwest corner of Wharf Parkway East and Canal Road on The Wharf in Orange Beach, according to the planning commission. Culver’s is a fast food chain specializing in frozen custard and their signature butter burger. Culver’s also has a store at his Ala.59 in Foley.

The developer plans to modify the Mariner Lakes planned unit development to build two multifamily homes and a total of 152 units of the Bel Air Tower at 3299 Loop Road, just west of the Fairfield Inn & Suites in Orange Beach, according to the city. increase. Planning committee. Current plans call for his three buildings with 375 units.

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