Pete Riehm

Real Estate Update

August 2 Real Estate Update

August 2, 2024
In

According to AL.com, an investor paid $1.548 million for a 95-acre tract off College Avenue in Robertsdale, according to Renee Beasley of Herrington Realty, who handled the transaction. The property has frontage on both College Avenue and Wilters Street. A group of local investors paid $920,000 for a two-story, 7,536-ft2 building at 803 Government Street,…

Real Estate Update

June 14 Real Estate Update

June 14, 2024
In

According to AL.com, Security Data Supply has leased space at 7870 Schillinger Park Road in Mobile, said Pete Riehm of CRE Mobile, who represented the landlord. Security Data is an independent distributor of low-voltage products focusing on the security industry. Businesses coming soon to the Foley outlet center are The Mediterranean Grille and Everlily, women’s…

Real Estate Update

May 10 Real Estate Update

May 10, 2024
In

According to AL.com, an investor paid $1.1 million for a 7,178-ft2 medical office building at 619 East Laurel Avenue in Foley, according to David Milstead of Bellator Commercial, who represented the seller, a local physician. The building is occupied by Foley Clinic and Premier Day Spa & Salon. Andrea Torbert of Coldwell Banker Coastal Realty…

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