An out-of-town investor paid $15 million for KOA vacation campground in Baldwin County 99 in Lillian, according to Tim Herrington of Herrington Realty, who handled the transaction. The 20-acre site features frontage on Perdido Bay. The new owner plans to upgrade the current facilities and expand the park with more premium pad sites. The owners also plan to build a restaurant overlooking the bay and provide boat access to the restaurant, as well as building an amphitheater.

Investors paid $247,500 for 5 acres on US 98 in Foley, just off the Foley Beach Express and the property will be Cox Pools’ future home, according to Kim Ward of Kim Ward Realty, who represented the buyer. Ward was the listing agent along with Cody Maley of Scout South Properties.

Blue Streak Telecommunications leased an 8,800 square foot office warehouse at 1917 Brookdale Drive W. in Mobile, according to John M. Delchamps of Merrill P. Thomas Co., who represented the landlord. Blue Streak is a communications construction, consulting and engineering company.

Watch for Palmetto Ridge, a 17-unit townhouse project, to be built at 320 W. Fort Morgan Road in Gulf Shores, directly behind the Island Club condominiums, planners say.

Where there is dirt, there is Brett/Robinson. Expect another phoenix to rise with Phoenix Key condominiums on a vacant gulf front lot on Perdido Beach Boulevard in Orange Beach, just over the Ono Island Bridge. Brett Robinson is looking to develop two 25-story towers with 56 units in each tower.