Chinaberry Cottage at the foot of Spring Hill has maintained the same disheveled appearance for years, so when it underwent an incredible transformation, many regular passers-by may have done a double-take.Continue reading
South Alabama Logistics Park Announce Several Major National Tenants
Alabama Gov. Kay Ivey recently announced two national businesses are the first to relocate to the South Alabama Logistics Park (SALP) in Mobile County, developed by Burton Property Group..
BPG Begins Project to Reinvent Spring Hill Village Center
Spring Hill Village to be Reinvented Mobile, AL – August 3, 2021 – Burton Property Group, owner of Spring Hill Village Shopping Center, a retail center in the heart of Mobile’s Spring Hill district, has announced a $4 million capital improvement plan to dramatically upgrade the property.
Owners announced Monday that Spring Hill Village, the Rouses-anchored shopping center, will undergo a major redevelopment in order to enhance all aspects of the center. The improvements include a redesigned façade throughout, as well as parking lot improvements to enhance flow and the construction of two new out parcels. Burton Property Group is taking a strategic, phased approach in order to minimize disruption and enable tenants to remain open during the entire re-development process. Owners will invest over $4 million to update the center and will follow the Village of Spring Hill code for the new out parcels.
The Village of Spring Hill, Inc. President, Linda St. John stated, “We are thrilled to see the investment made by the owners to update one of the main commercial corridors in our Village! The new design, featuring Village streetscapes and two out parcels on Old Shell Road and North McGregor Avenue is a great example of how existing commercial properties in Spring Hill can be modified to become compliant with The Village of Spring Hill Master Plan.”
Mobile City Council District 7 Representative, Gina Gregory added, “I’ve been working with the Village of Spring Hill and the Developers in an effort to leverage the City’s planned improvements alongside McGregor Avenue South, and I’m looking forward to the completion of these improvements for the Citizens of District 7.”
The capital improvement project is projected to be complete in early 2022.
Burton Property Group Announces Plans For 1,300-Acre Logistics Park Off I-10
MOBILE, AL, April 6, 2021 –
Burton Property Group, a southeast-based real estate development firm unveiled details on plans to develop a master-planned industrial park within the city of Mobile, South Alabama Logistics Park (SALP). The project is the result of a 3-year effort between Burton Property Group, the County of Mobile, City of Mobile, Port of Mobile, and the Mobile Area of Chamber of Commerce resulting in the development of a 1,300-acre Class A park which will be located off I-10 in South Mobile County.
The project has received Infrastructure support from both the City of Mobile and the County of Mobile. South Alabaman Logistics Park (“SALP”) is aimed at providing class A Industrial Warehouse and Distribution Space for the growing number of Port Users and potential light manufacturers who need to be located in close proximity to the Port of Mobile and Mobile Aeroplex at Brookley. With over 6,000,000 square feet planned in Phase 1, SALP would be the largest in the State of Alabama and one of the largest in the Southeast.
“Having the support of the City and County of Mobile has been a major catalyst to bringing this project, and the stimulus it will create, to reality. This truly has been a partnership. The total investment for phase one, once fully developed, will be over $350 million and we are projecting over a 1,000 jobs for South Mobile County said Philip Burton, CEO of Burton Property Group.
Burton Property Group is expecting to close on the property this summer and is in the process of investing in needed infrastructure to attract the target. The company will construct speculative sites as well as offer a build-to-suit option.
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Continental Motors now Continental Aerospace Technologies, cuts ribbon on new manufacturing facility
A major manufacturer plans to cut the ribbon at their new facility later today. Announced two years ago, officials at Continental Aerospace Technologies, formerly Continental Motors, will officially welcome the facility at an invitation-only ceremony at 10:30 this morning.Continue reading
Southeast Real Estate Business: Organic Growth Takes Flight
In addition to winning high-profile projects, both Alabama and South Carolina are experiencing organic growth from existing companies.
“We’ve witnessed and worked with some existing companies that are experiencing growth and expansion needs when it comes to their real estate,” says Philip Yost, vice president at CBRE’s Birmingham office.
Honda continues to grow its operations in Talladega County with a multi-phase project that will improve flexibility, strengthen efficiency and prepare for future technologies. The latest phase announced by the automaker is a $54.8 million expansion that will add more than 50,000 square feet at Alabama’s Line 2 operations. The expansion is slated for completion in early 2021.
In August, Burton Property Group (BPG) broke ground on a $75 million facility for all Continental Motors Group product lines dedicated to advanced engine and parts manufacturing. The new facility will be located at the Mobile Aeroplex at Brookley, an industrial complex and airport in Mobile.
The facility will consolidate the aircraft engine manufacturer’s operations from 11 buildings situated on 45 acres to two buildings on approximately 20 acres. The buildings will total 275,000 square feet, with the majority being dedicated to aircraft engine and parts manufacturing. The facility is expected to be operational by 2020.
“The Continental Motors project was a result of the company’s growth in that community,” says Byers of Cushman & Wakefield/EGS. “The firm decided to consolidate its functions under one roof as opposed to many roofs. That allowed the company to continue to grow without necessarily adding a whole lot of people.”
Airbus’ Alabama factory is in line for 600 new jobs, thanks to a planned second assembly line for the Bombardier C Series jetliner. Airbus launched production of A320 Family aircraft at the Mobile manufacturing facility in 2015. The $600 million complex now produces four aircrafts a month and employs more than 400 people. “Airbus is the most active aerospace user in Alabama,” says Yost. “As it continues to expand and increases the number of plants that it’s building, you’re going to see continued growth. Whether it be suppliers or indirect users, they will be taking a more serious look at Mobile.”
South Carolina-based companies are expanding their operations as well. In September, Mercedes-Benz Vans, a division of Daimler AG, opened a new $500 million facility in North Charleston for the production of its Sprinter vans. The automaker has been at the North Charleston site since 2006, but this is the first time the company will build vehicles from scratch.
Until now, all Sprinter vans sold in the U.S. have been built in Germany and then disassembled and sent to North Charleston for reassembly. But as Sprinter sales took off in North America, Mercedes-Benz Vans started looking for a complete manufacturing site, eventually settling on its North Charleston location in 2015. The expansion of the production facility tripled the automaker’s footprint, which now spans nearly 10 million square feet.
Magna International, a mobility technology company and one of the world’s largest automotive suppliers, is expanding its seat manufacturing plant in Spartanburg County, South Carolina. The company’s $8 million expansion is expected to create 130 new jobs. The company’s seat manufacturing plant supplies seats to BMW Group.
“Growth is not exclusively about bringing new companies into the state; it’s also about the successful expansion of companies after they locate in South Carolina,” says VonNessen.
“In recent years, employment and revenue growth have been outpacing firm growth in the aerospace industry, implying that existing firms are expanding,” he explains. “Manufacturers are entering South Carolina and then thriving once they are here.”
Burton Property Group announces large project
Burton Property Group recently announced it has completed an agreement on a joint development project with Stonemont Financial Group to construct Continental Motors Group’s (CMG) corporate headquarters and manufacturing facility at the Mobile Aeroplex at Brookley.
“We are thrilled to be a part of the project team and the major progress this brings to the region,” Philip G. Burton, president and CEO of Burton Property Group, said.
The new facility will consolidate operations for CMG from 11 buildings on 45 acres to two buildings situated on approximately 20 acres. The development is a strategic step by CMG to advance its manufacturing process. The total facility footprint will encompass some 275,000 square feet, with the majority of the site dedicated to engine and parts manufacturing.
“We are pleased to be partnering with Continental Motors, Burton Property Group and Clayco on this mission-critical project,” Jeff Berryhill, principal of Stonemont Financial Group, said.
Chicago-based Clayco Inc., the design-build firm contractor on the project, will begin construction immediately, according to a news release.
“We look forward to partnering with Continental Motors Group on the design and construction of their new manufacturing facility,” said Anthony Johnson, Clayco executive vice president and shareholder. “Our commitment to Continental Motors is to collaborate closely with their team to create a manufacturing environment that optimizes their quality, safety and productivity.”
The total project is expected to take 11 months, plus another year to fully move in. Once completed, the facility will consolidate all of CMG’s United States manufacturing.
“Continental Motors is excited to break ground on our state-of-the-art facility with the support of our partners, Burton Property Group and Stonemont Financial Group,” said Rhett Ross, president and CEO of CMG.
CMG is a global firm centered in the general aviation business sector. It employs upward of 450 workers in Mobile and Baldwin counties. Continental Motors Group Ltd. of Hong Kong, China, is a subsidiary of AVIC International Holding (HK) LTD, a publicly traded company on the Hong Kong stock exchange.
The multinational firm provides advanced gasoline and Jet-A piston engine products, avionics equipment and repairs within the general aviation marketplace. CMG employs approximately 675 workers in the U.S., Germany and China
Burton Property Group, LLC, is a full-service commercial real estate investment, development and management firm headquartered in Mobile.
Burton Property Group to Break Ground on New Headquarters for Aircraft Engine Manufacturer in Mobile
MOBILE, ALA. — Burton Property Group (BPG) will soon break ground on a new corporate headquarters and manufacturing facility for Continental Motors Group at the Mobile Aeroplex at Brookley, an industrial complex and airport in Mobile. The facility will consolidate the aircraft engine manufacturer’s operations from 11 buildings situated on 45 acres to two buildings on approximately 20 acres. The buildings will total 275,000 square feet, with the majority being dedicated to aircraft engine and parts manufacturing. BPG partnered with Atlanta-based investment firm Stonemont Financial Group to fund the development. Clayco Inc. is designing and building the project, which is expected to take 11 months to complete. Continental Motors Group employs approximately 450 people in Alabama’s Mobile and Baldwin counties.
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.