ThyssenKrupp Steel USA deeded the stainless-steel portion of its plant in Calvert to TK Stainless, with the assessed value of the land placed at more than $20 million, according to court records. Attorney Doug Anderson of Burr & Forman in Mobile represented both parties, and Surety Land Title handled the closing. TK Stainless had been purchased by the Finland-based stainless steelmaker Outokumpu in a deal valued at $3.6 billion earlier that year, while ThyssenKrupp’s carbon-steel facility continued operating in Calvert.
RSA Closes Downtown
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., along with an adjacent employee parking lot; the firm of Phelps Dunbar occupied 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 RSA-owned Battle House Renaissance Hotel. Marietta Urquhart of Heggeman Realty represented the sellers, and Brian Metcalfe of Metcalfe & Company worked for the buyers. Separately, AWC, a manufacturer’s representative for industrial process controls, paid $785,000 for the 14,400-square-foot building it had been leasing at 3711 Lakeside Court in Mobile.
Restaurants and Neighborhoods
Restaurateur Harry Johnson opened Courtyard at 311 in a renovated two-story building at 311 Fairhope Ave. in Fairhope, a 3,500-square-foot space with a restaurant, bar and music venue built by Langenbach Construction. Johnson also owned Rosie’s Grill on U.S. 98 in Daphne. In Gulf Shores, the owners of Bon Secour Village on the Intracoastal Waterway marketed a range of residential lots after winning rezoning approval, with prices ranging from $39,900 for interior lots to $395,000 for large waterfront parcels, according to Ken Montgomery of Charter Landing.
Groceries and Homes
The Fresh Market prepared to open a 21,000-square-foot store in Cordova Commons on Airport Boulevard in Pensacola on Dec. 12, according to Charlie Sutherland of The Shopping Center Group in Mobile; the upscale grocer had just opened a 17,000-square-foot store in Jubilee Square near Hobby Lobby off U.S. 90 in Daphne. Pensacola-based Walther Developers planned homes on 21 lots in the Osprey Landing subdivision on Baldwin County 8 in Gulf Shores, and CAG Claim Services leased office space on Government Boulevard in Mobile.