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Old Smith’s Bakery sells for big bucks

admin  /   October 14, 2018

By Kathy Jumper | al.com

Local investors paid $2.175 million for the former Smith’s Bakery building at 1201 West I-65 Service Road in Mobile, according to Robert Cook of Vallas Realty, who handled the transaction. The 130,869-square-foot building was previously occupied by Sara Lee from 2009-2012 until they were bought by Bimbo Bakeries in 2012. Bimbo plans to relocate in early 2019. The new owners plan to lease the facility out for bulk warehouse and distribution needs. Vallas Realty and JLL will handle the marketing.

Local investors paid $750,000 cash for 27 acres off Ala. 59 in Foley, just south of Waffle House, according to Frank Malone of Bellator Real Estate & Development, who represented the seller. Ken Crabtree of Re/Max Paradise represented the buyers. The acreage included seven adjacent parcels with 50 front feet on Ala. 59, and frontage on Baldwin County 20 and Pine Street. The buyers plan to develop the property for retail/commercial use. The site is near the new Publix supermarket scheduled to open later next year.

Cottage Hill Baptist Church sold a building formerly used as a counseling center at 4254 Cottage Hill Road in Mobile for $195,000 to Michelle Crowe of e-worc web & new media for their new office, according to Paul Carter of the Paul Carter Agency, who represented the seller. Justin Toomey of Stirling Properties worked for the buyer.

Chic Jolie has leased 1,200 square feet of retail space in Vigouroux Shopping Center at 9948 Airport Blvd., in Mobile, according to Angie McArthur of Stirling Properties, who represented the landlord. Chic Jolie is a fine European women’s boutique specializing in clothing, accessories, jewelry and gifts. The store is scheduled to open in January 2019.

Volume home builder D.R. Horton paid $2,210 million for 40 lots in Antietam, an active adult community under way in Pensacola, Fl., according to Nathan Cox, CEO of 68 Ventures. The homes prices range from $240,000 to $325,000 in the subdivision off U.S. 90 West and Tower Ridge Road. Active adult buyers are 55 or older. Antietam will have a total of 199 home lots on 80 acres once fully developed.

Dynamic Education Systems, Inc., a Phoenix, Arizona-based career training center, has opened in a 3,000-square-foot building at 3506 Montlimar Plaza Drive in west Mobile, according to Brandon Broadusand David Dexter of NAI Mobile, who brokered the lease.DESI helps qualified youth and adults receive education, training and job placement assistance.

Gamers N Geeks has leased 26,500 square feet in Town West Shopping Center at 5701 Moffett Road in Mobile, according to Amber Hightower Dedeaux of Vallas Realty, who handled the transaction. The store opened in 2012 in its current space on Moffett Road and owner Tommy Wetjen plans to relocate to the larger store space early next year.

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