An out-of-town investor paid $5.8 million for 45 acres in the Rangeline Crossing mixed-use development off Rangeline Road and Interstate 10 in the Tillman’s Corner area of Mobile, according to Jacob Napper of Gulfbelt Properties, who represented the buyer. John Vallas of Vallas Realty represented the seller. The acreage is adjacent to the Veterans Administration facility and behind the retail shops of Rangeline Crossing Drive. The buyer plans to develop an 835-unit luxury apartment complex. Construction is scheduled to begin within the next 12 months.
Out-of-state investors paid $800,000 for Happy Acres RV Park at 12970 Happy Acres Dr. in Elberta, according to Alla Nikitina of Ryals Realty, who handled the transaction.
Mentoring & Behavioral Services has leased 2,500 square feet of space at University Place at 820 University Blvd., in Mobile, according to Nathan Handmacher of Stirling Properties, who represented the landlord. Manning Courtney of Courtney & Morris acted for the tenant. Mentoring and Behavioral Services has clinics in Alabama and Georgia specializing in healthy approaches to understanding and promoting growth in developmental disorders through applied behavior analysis therapy.
Victory Pediatrics has leased 2,090 square feet in Mobile Office Park at 3929 Airport Blvd., in Mobile, according to Jill Meeks of Stirling Properties, who represented the tenant. CRE Mobile’s Jay Roberds worked for the landlord.
Look out for Hadley Village, an 83-lot residential subdivision planned for 35 acres south of Hadley Road and east of Ala. 59 in Foley, according to the Foley Planning Commission. City planners recommended rezoning the property, which is currently unzoned. If the City Council approves the property will be annexed to the city.
Site plan approval is pending for a 10,000-square-foot medical office building to be built at 4171 Orange Beach Blvd., in Orange Beach, according to city records. Called Orange Beach Medical Plaza, it will be located at the southwest corner of Orange Beach Boulevard and Bonito Avenue.