Investors keep on investing big bucks

Investors keep on investing big bucks

Local investors paid $800,000 for a 10,240-square-foot showroom and warehouse at 1242 Montlimar Drive in Mobile, and plan to lease the building, according to Chris Harle of White-Spunner Realty, who represented the buyers. Angela McArthur and Kaelan McArthur of Stirling worked for the seller.

A group of local investors paid $500,000 for a building leased to a car dealership at 7680 Airport Blvd., in Mobile, according to Jay O’Brien of Stirling, who represented the buyer. Nathan Handmacher of Stirling worked for the seller. Palmer’s Airport Hyundai will continue to operate at that location.

A local investment group paid $540,000 for 5.59 acres at the corner of Dawes Road and Glider Avenue In Mobile, according to Jay O’Brien of Stirling. The property is near Airport Boulevard and a Walmart Supercenter.

Owners of The Wharf off Canal Road in Orange Beach are looking to add 34,000 square feet of leasable space to its mixed-use venue, according to the Orange Beach Planning Commission. The new buildings would be at the northwest corner of Main Street and Canal Road.

The Palms Vet Clinic received site plan approval to build a 17,000-square-foot animal clinic with boarding facilities on 4.3 acres on Ala. 181 north of Milton Jones Road in the Daphne area, according to the Baldwin County Planning Commission.