Truland Homes paid $650,000 for 39 duplex lots in Arbor Walk off Baldwin County 12 in Foley and plans to convert the property to 56 single-family home lots, according to Nathan Cox, CEO of Truland Homes. The home builder plans to construct their entry level brand, Aspire, and prices will start in the mid $100s, he said.
Alabama Credit Union paid $1.05 million for the former Trustmark Bank building on more than one acre at the northeast corner of Cottage Hill and Schillinger roads in west Mobile, according to Pratt Thomas of Merrill P. Thomas Company, who represented the buyer. Marl Cummings III of Cummings & Associates worked for the seller of the 2,856-square-foot building.
The former Carmike Cinema 14 at 4900 Government Blvd., in Mobile, was purchased by a local church group for $700,000, according to Gavin Bender Sr. of Bender Real Estate Group, who represented the sellers. Spencer Ruggs of Covenant Estates LLC worked for the buyers.
Louie’s Italian Bistro has leased 3,600 square feet of space in Douglas Square shopping center on Douglas Avenue in Brewton, and the restaurant should open early next month, according to Andrew Dickman of Stirling Properties.
The General Services Administration has leased 4,300 square feet of space in the Riverview Plaza office building at 63 S. Royal St., in downtown Mobile, and plans to relocate the Defense Contract Audit Agency, DCAA, from Pascagoula, Miss., to the new space, according to Gavin Bender Jr. and Janet Keene, both of Bender Real Estate Group, who handled the transaction.
Hues Salon + Skin Care, an Aveda Concept-Co brand salon, has leased 1,198 square feet in the Staples Retail Center at 1802 U.S. 98 in Daphne, according to Niki Coker of NAI Mobile, who handled the transaction. The salon is scheduled to open early next month.
Port City Taxes has leased 1,100 square feet of office space at Bel Air Center at 602 Bel Air Blvd., in Mobile, according to Janet Keene of Bender Real Estate Group. Karlos Turner is the owner of the tax service business.
Caribe on the Beach, a proposed 26-story gulf-front condominium project on Perdido Beach Boulevard near Ala. 161 in Orange Beach, has been shelved, according to the developers. A title issue has stalled the land sale and the developers hope to resolve the issue and resume the project or find another site.
Huntsville Mayor Tommy Battle, left, Limestone County Commission chair Mark Yarbrough, center and Huntsville City Council President Mark Russell, right, sign the development agreement with Toyota-Mazda at a Wednesday ceremony at Huntsville City Hall. (Paul Gattisemail@example.com)