PRESS RELEASE Huntsville, AL – August 24, 2021
NAI Chase Commercial Represented a $1,500,000 Sale of the former O’Charley’s Restaurant located at 4 Recreation Drive, Oxford, AL 36203 on behalf of the seller Richard Alan Gray Trust
Oxford, AL – August 24.2021 – NAI Chase Commercial, an office of NAI Global, a leading global commercial real estate brokerage firm, announced today that it represented the sale of the former O’Charley’s Restaurant. A 7,300 + square foot improvement, on 2.56 acres of land located just off I-20 at exit 185. The Seller, Richard Alan Gray Trust, represented by Ashley Farrell with NAI Chase Commercial, and the Buyer, SP, LLC, represented by Trish Rushing with Red Rock Realty Group, who is working on plans to redevelop the property.
“Exit 185 is undergoing redevelopment and a flurry of new construction: this purchase will help in that effort and give the consumers of Anniston/Oxford area more options” said Ashley Farrell when asked about the significance of the sale. “This sale is the latest of several recent major transactions we’ve represented in the Alabama market, demonstrating the continued demand for commercial space.”
ABOUT NAI CHASE COMMERCIAL
NAI CHASE COMMERCIAL, an Accredited Management Organization with its professional staff of real estate brokers with offices in Huntsville and Birmingham, Alabama provides Retail, Office and Industrial Commercial Property Brokerage, Leasing and Sales, Commercial Property Development, Commercial Property Management, Investment Property Brokerage, Construction Management Consulting, and Building Renovation Services. For more information on NAI Chase Commercial, please visit www.chasecommercial
ABOUT NAI GLOBAL
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe, Africa, and Asia Pacific, with over 6,700 local market professionals, managing in excess of over 1.15 billion square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.