Burton Property Group announces new partnership

Mobile-based Burton Property Group (BPG) recently announced the recapitalization of its firm with a new institutional partnership with North Carolina-based SilverCap Partners. The move is anticipated to strengthen the firm and broaden its real estate portfolio, per a news release.

“The partnership with SilverCap marks a new chapter for our company,” BPG President and CEO Philip Burton said. “It not only increases our ability to tackle major real estate projects, but also represents a secure path forward for the company and its investors.”

SilverCap’s additional funding brings BPG’s total investment dollars to more than $125 million, which will be used to take on new projects such as the $23 million expansion of BPG’s Foley Square Shopping Center in Foley.

In addition to BPG’s current list of projects, there is also an estimated $100 million in planned development, which BPG forecasts to be executed within the next two to three years.

BPG, founded in 2012, is a private regional commercial real estate investment, development and management firm. The company can trace its capitalization back over a century to the Mobile-based Smith’s Bakery and its sale, which successfully financed more family-owned real estate investments such as the Silver Sands Retail Outlet in Destin, Florida.

From an initial investment outlay of $15 million, BPG has grown to manage a portfolio of $200 million in retail development covering the Southeast. The portfolio includes Springhill Village, Crestview Corners, Schillinger Town Center, Westwood Plaza, BB&T Financial Plaza, Jubilee Square, Foley Square and McKenzie Village. 

SilverCap Partners is a real estate private equity firm based in Charlotte, North Carolina, focuses on investments in the southeastern U.S. The firm’s expertise crosses multiple property sectors with a predominant focus on office, retail, industrial and residential investments.

Mobile real-estate investment firm anticipates growth

A Mobile-based real estate investment company, Burton Property Group, has announced a partnership with a private equity firm that will give it millions of dollars in additional money for development projects in the region.

According to information released Tuesday by Burton Property Group BPG), the “transition reflects a new institutional partnership with North Carolina-based SilverCap Partners, which will strengthen the firm and broaden its direction.” It increases Burton’s available investment dollars to more than $125 million, “which will be used to take on new projects, including a $23 million expansion of BPG’s Foley Square Shopping Center.”

Burton foresees about $100 million in planned development in the next two to three years in addition to its current projects, according to Tuesday’s statement.

Burton was founded in 2012 but “can trace its capitalization back over a century to the Mobile-based Smith’s Bakery and its sale,” which financed investments in developments such as the Silver Sands Retail Outlet in Destin. BPG says it now manages a $200 million portfolio of properties.

Mobile Area Chamber of Commerce: Business Headlines Mobile

Business Headlines Mobile-based Burton Property Group (BPG) announced the recapitalization of its private regional commercial real estate investment company, reflecting a strategic investment made by North Carolina-based SilverCap Partners. “The partnership with SilverCap marks a new chapter for our company,” says Philip Burton, BPG’s president and CEO. “It not only increases our ability to tackle major real estate projects, but also represents a secure path forward for the company and its investors.”

New retail stores, Publix coming to Foley next spring


 

FOLEY, Ala. (WKRG) – Even more shopping options are coming to South Baldwin County in 2019.

The official groundbreaking ceremony for the ‘Riviera Square’ was Thursday morning off Highway 59.

The 18-acre property, owned by ‘Burton Property Group,’ will soon be home to several retail stores and a Publix.

Although the ceremony was held Thursday, ground was officially broken the first week of May and construction is underway. It will be home to a Marshalls, Tuesday Morning, Five Below, HomeGoods and a Publix.

The property group also owns the complex next door, which has a Petsmart and a Ross.

Company officials say it’ll be a good addition to the city’s retail market which is in need of a grocery store. “Actually this is what’s considered a food desert. So there’s a badly needed grocer in this part of the market. So we’re filling the need and Publix decided they wanted to have a store here so we’re happy to accommodate,” Philip Gillette Burton tells News 5.

The retail stores are set to open next spring, with the Publix opening shortly after in the summer.