January 5 Real Estate Update

According to AL.com, a local investor paid $1.15 million for a 10,000-ft2 light industrial warehouse at 6065 Rangeline Road in Theodore, according to Herrington Realty, which handled the transaction. The current tenant is MMIF, which provides full-steel and pipe fabrication, installation and repair services for the marine industry. In Mobile, developers are seeking planning approval for The Pines at Heron Lakes, an 84-lot, single-family subdivision on more than 18 acres off Government Boulevard in Mobile, according to planning records. The property is part of the Heron Lakes Country Club development.