A former Jiffy Lube in East Cobb has been sold and will be redeveloped. The property, located at 4200 Roswell Road in an outparcel of the Whole Foods Market-anchored Merchants Walk shopping center, was recently demolished and is slated to reopen later this year as a new branch of Regions Bank. Cobb County property records indicate that this past September, Birmingham-based Regions paid $2.2 million for the .75 acre site that was first developed in 1981.