admin / August 1, 2018
Click here to read Ron Sivak’s entire article for Lagniappe Magazine
• A Hardee’s restaurant in Gulf Shores was recently acquired by investors from Missouri-based Ditter Properties LLC for about $1.43 million. The 3,500-square-foot building sits on about an acre of property at 837 Gulf Shores Parkway.
Plans are in place for the fast-food franchise to continue operating on the site under a long-term lease agreement, according to a news release. Andrew Chason of Marcus & Millichap represented the seller. Jeremy Friedman with Katapult Properties represented the buyer.
• Zarzour Cos. recently announced the acquisition of Mobile Office Park, located at 3929 Airport Blvd. “This office asset is strategically positioned in our market, so it provides a great office location for any potential business. We have significant capital improvements planned,” CEO Matt Zarzour said.
Mobile Office Park comprises three buildings with more than 112,000 square feet of total office space. It is located at the southeast corner of Airport Boulevard and Azalea Road. In-house management firm Zarzour Management Co. will serve as property manager. Leasing inquiries can be directed to the Zarzour Cos.
• Advanced Integrated Security recently purchased a 3,000-square-foot building at 4260 Halls Mill Road in Mobile for $220,000. Gaines Zarzour with Zarzour Cos. represented the buyer. Adam Metcalf with Metcalf & Co. worked for the seller.
• Local investors have purchased 421 acres on Whitehouse Fork Extension Road in Bay Minette for $660,000. Steven McMahon with Inge & Associates worked for the seller. Nathan Cox with 68 Ventures and Geoff Lane of Katapult Properties represented the buyers. A portion of the property will be developed for custom residential builder Truland Homes.
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