August 9 Real Estate Update

According to AL.com, an investor paid $1.1 million for the 9,015-ft² strip center, Palm Center, at 8388 Highway 59 in Foley, according to David Milstead of Bellator Real Estate, who represented the seller. The seller was local investor Leonard Farina. A local investor paid $950,000 for 8,200 ft² at 316-318 Dauphin Street in Downtown Mobile, according to court records. Josh W. Hall of CRE Mobile represented the seller. Mary Daffin of IXL Realty worked for the buyer. The one-story building was built in 1989. AMP Fitness has expanded its space to 21,080 ft² at its facility at 65 Sidney Phillips Drive in Mobile, according to Chris Harle of White-Spunner Realty, who represented the landlord. New Branch Management, a consultant for Verizon Wireless, has leased 1,400 ft² in the Waterman-Smith Building at 61 St. Joseph Street in Downtown Mobile, according to Josh W. Hall of CRE Mobile, who represented the landlord. In Gulf Shores, Crystal Village, a 17-lot cottage subdivision, is to be developed at 957 West Beach Boulevard, according to city planning. The 1.14-acre site has frontage on West Beach Boulevard and West Lagoon Avenue and will include beach access via the west property line of Ocean House I condominiums.