The former Parker Towing Company property on Three Mile Creek in Mobile was sold for $5 million to an out-of-town corporation, according to The Weavil Company, which represented Parker Towing and assisted the buyer in the transaction.

 The 30-acre site at 1920 Bay Bridge Cutoff Road is one of the last undeveloped industrial properties on the port. The property has 1,375 front feet on Three Mile Creek.

The transaction was one of several of note in coastal Alabama in recent days. Additionally:

• An out-of-state investor paid more than $3 million for the property where the Wawa gas and convenience store was built at 10040 Encounter Drive in Fairhope, according to court records. Herrington Realty represented the seller. The ground lease investment of 2.5 acres is at the northeast corner of Alabama 181 and 104. The Encounter development is a 13-lot commercial project on 35 acres. Wawa opened last March.
• Wave Medical Equipment has leased 1,720 square feet of space in Daphne Square Shopping Center at 2200 U.S. 98 in Daphne, according to John M. Delchamps of Merrill P. Thomas Co., who handled the transaction. Wave Medical is a supplier of home respiratory care, specializing in CPAP therapy and supplies, CPAP machines and other medical equipment.
• Kid to Kid has leased 4,000 square feet of space in Eastern Shore Plaza on Eastern Shore Boulevard in Spanish Fort, according to Martin Smith of SRS Real Estate Partners Birmingham office, who represented the landlord. Leann Anderson of Re/Max Signature Properties worked for the tenant. Kid to Kid is a national children’s resale franchise. Kid to Kid buys children’s clothing, gear and toys and resells the items.
• Watch for a mixed-use development of 300 multi-family units and commercial buildings on a 23-acre site on the Foley Beach Express just north of Auburn University Veterinary Specialists building in Gulf Shores. The 300 multi-family units will consist of seven four-story buildings. The city of Gulf Shores is expected to approve a Planned Unit Development Master Plan overlay.