The Real Deal
TK plant in Calvert a steal;
RSA deal closes, downtown Mobile its oyster;
Johnson opens restaurant in Fairhope;
Bon Secour Village active;
Fresh Market on Eastern Shore, in Pensacola
By Kathy Jumper
Mobile Bay Times
ThyssenKrupp Steel USA has deeded the stainless steel portion of its plant in Calvert, Ala., to TK Stainless and the assessed value of the land was more than $20 million, according to court records.
Doug Anderson, an attorney at Burr & Forman in Mobile, represented both parties in the transaction and Surety Land Title handled the closing.
TK Stainless was purchased by the Finland-based stainless steelmaker Outokumpa in a deal valued at $3.6 billion last January. TK’s carbon steel facility remains in operation in Calvert.
The Retirement Systems of Alabama paid $3.35 million for a 16,000-square-foot law office owned by LPC Properties at 2 N. Royal St., and an adjacent employee parking lot, according to court records. The law firm of Phelps Dunbar occupies the building.
RSA also paid $1.5 million for a parking lot owned by Royal St. Properties at 4 N. Royal St., next to the Battle House Renaissance Hotel, which is owned by RSA. Marietta Urquhart of Heggeman Realty represented the sellers and Brian Metcalfe of Metcalfe & Company worked for the buyers.
AWC paid $785,000 for the 14,400-square-foot building it was leasing at 3711 Lakeside Court in Mobile, according to court records. AWC is a manufacturer’s representative for industrial process controls.
Restaurateur Harry Johnson has opened Courtyard at 311 in a renovated, two-story building he has leased at 311 Fairhope Ave., in Fairhope. The 3,500-square-foot building includes a restaurant, bar and music venue. Langenbach Construction in Fairhope was the contractor. Johnson also owns Rosie’s Grill on U.S. 98 in Daphne.
The owners of Bon Secour Village on the Intracoastal Waterway on Baldwin County 4 in Gulf Shores are marketing a variety of residential lots after receiving rezoning approval from city planners, according to Ken Montgomery of Charter Landing, which is handling lot sales.
There are 18 lots priced at $39,900 each, with sidewalks and infrastructure in place; four waterfront lots for $99,000 apiece; six duplex lots at $159,000 each, including some on the water; and seven 5-to 7-acre waterfront parcels at $395,000 each. Montgomery is also one of the owners of Bon Secour Village.
The Fresh Market will open a 21,000-square-foot store in Cordova Commons on Airport Boulevard in Pensacola, Fla., on Dec. 12, according to Charlie Sutherland of The Shopping Center Group in Mobile.
The upscale specialty grocery store opened a 17,000-square-foot store in Jubilee Square near Hobby Lobby, off U.S. 90 in Daphne this past week.
Pensacola, Fla.-based Walther Developers plans to build homes on 21 lots in Osprey Landing subdivision on Baldwin County 8 in Gulf Shores, according to Frank Malone of ERA Class.com, who is marketing the lots. Walther just sold a three-bedroom, two-bath house, and will start another spec house to be priced at $169,400, Malone said.
CAG Claim Services has leased 1,125 square feet of office space at 4080 Government Blvd., in Mobile, according to Tony Cooper of Prudential Cooper & Co. commercial division, who represented the landlord. Carol McInnis of Golden Jubilee Realty worked for the tenant.
(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 Sunday morning "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)