The Real Deal
Marina on Cotton Bayou sells;
Historic renovation of Van Antwerp building;
Shrimp Basket plans wholesale seafood outlet;
Marley restaurant gets Orange Beach OK;
Whole Foods eyes Pinebrook location;
By Kathy Jumper
Mobile Bay Times
A Mississippi-based investor paid $1.65 million for the bank-owned Romar Harbor Marina on 2.6 acres on Cotton Bayou Drive in Orange Beach, according to Bob Shallow of REMAX Paradise, who represented the buyer and John Vallas of Vallas Realty, who worked for the sellers.
The 220-slip marina includes 20 wet slips, 200 dry, three metal storage buildings, and 288 front feet on Cotton Bayou. The buyer owns other properties at the Gulf and will operate the marina, according to Shallow.
The Retirement Systems of Alabama has the Phelps Dunbar law office and adjacent parking lot at 2 N. Royal St., in downtown Mobile under contract and plans to close on the almost $5 million purchase on Tuesday, according to officials on both sides of the deal. Phelps Dunbar, formerly Lyons Pipes & Cook, will remain as tenants in the 16,000-square-foot building, which is next to the RSA-owned Battle House Renaissance Hotel.
The purchase comes a week after RSA paid $1.65 million for the circa 1908 Van Antwerp building at Royal and Dauphin streets. RSA plans to do a major renovation on the 10-story historic office building, according to Joe Toole, leasing agent at RSA. The Van Antwerp was owned by a local investor who runs used car businesses in Mobile, according to Burton Clark of Cummings & Associates, who represented the seller.
The owners of The Shrimp Basket paid $375,000 for a 20,000-square-foot warehouse on 2 acres on Flying K Road off Ala. 59 in Loxley, and plan to open the wholesale business, Fresh Seafood Delivery. Co-owners Eddie Spence and David Cahoon plan to provide seafood for their 19 Shrimp Baskets and sell to other businesses, according to Spence.
A local businessman paid $130,000 for a 7,000-square-foot office warehouse at 3950 Demetropolis Road, and plans to open a travel trailer rental facility, according to Nancy Stone of White-Spunner & Associates.
Universal Studios has decided not to pursue a Bob Marley-themed restaurant, which will allow local restaurateur Eddie Spence and partners to finalize a deal to build a Marley restaurant with an indoor stage on Ala. 182 in Orange Beach, according to Spence. Universal had a first right-of-refusal to develop a restaurant using the legendary reggae singer’s name, and has officially declined, according to Spence.
The beach restaurant plan has received approval from the Marley family and the city’s Planning Commission. The New York-based owner of the property also plans to develop a hotel and retail store next to the Marley eatery.
Whole Foods is looking at locating in Pinebrook Shopping Center on Airport Boulevard and S. McGregor Avenue in Mobile, which would require some reshuffling of the existing tenants, according to a site plan submitted to the Mobile Planning Commission.
Whole Foods,a natural foods supermarket, would locate next to Books-A-Million, and a new traffic light would be installed near the entrance to the former Blockbuster store in the 18.5-acre center. The Austin, Texas-based Whole Foods has not signed a lease.
The Shoppes of Foley on Ala. 59 in Foley has two new tenants: Pearl Nails & Spa, 1,600 square feet; and Salon Fahrenheit & Spa, a hair salon, 1,600 square feet, according to developer/owners Ladas Development in Mobile and Nelson Coastal Development Properties in Birmingham. The 8,200-square-foot center is fully leased.
Crown Products, Inc., a family-owned company that specializes in business promotional products, has leased a 9,000-square-foot office warehouse at 4070 Halls Mill Road in Mobile, according to David Cooper of Prudential Cooper & Co. commercial division.
Sun Loan Company has leased 1,300 square feet in Chamber Plaza off Ala. 59 in Bay Minette, according to Jeremy Milling of Milling Commercial Realty.
(Editor's note: The Mobile Bay Times is pleased to add Kathy Jumper as a regular freelance contributor. Her weekly real estate column has been a "must read" for years in Mobile and Baldwin counties. Please encourage others to subscribe so that it will continue to inform Mobile/Baldwin readers. Leads and tips welcomed. Her new email address is email@example.com)