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.
Commercial real estate moves
• Gautier, Mississippi-based Angle Inc., owned by Peter Patel, recently held a ribbon-cutting and grand opening for the new 3,800-square-foot Bojangles’ Famous Chicken and Biscuits restaurant located at 3213 Dauphin St. in Mobile.
This is the first franchise to be built in lower Alabama, and one of three locations to be constructed in the next three to five years along the central Gulf Coast. A second site will open in the Mobile metro area while the third eatery is anticipated to break ground across the state line in Pascagoula.
Although sharing a similar name to a former local well-known restaurant, the franchise is headquartered out of Charlotte, North Carolina. Patel also owns the Subway franchise at 5565 Old Shell Road in Mobile as well as nine other sandwich shops spread throughout Jackson County, Mississippi.
The new location has hired some 80 new employees from around the area to staff the eatery. Initial capital expenditure to renovate the property was upward of $450,000, according to nephew Sunny Patel, restaurant manager.
Mike Reid with White-Spunner Realty Inc. handled the transaction for Angle Inc.
• An Exxon gas station sitting on 1 acre of property at 3208 Moffett Road was recently acquired by local investors for $750,000. Mamun Siddiq with RE/MAX partners managed the transaction.
• Local investors recently purchased a 12,000-square-foot office/warehouse facility for $530,000. The property is located at 5365 Willis Road in Mobile and leased by Tampa Armature Works. The sale was handled by Adam Metcalfe of Metcalfe and Co. Inc.
Austal’s EPF 10 Burlington completes trials
Austal reported the successful completion of acceptance trials on the Burlington Expeditionary Fast Transport (EPF 10) last week in the Gulf of Mexico. The ship is slated for delivery to the U.S. Navy this fall and is the 10th ship in Austal’s 12-ship portfolio, valued at over $1.9 billion.
“Another trial completed for the EPF program,” Austal USA President Craig Perciavalle said. “I am proud of our workforce achieving these milestones staying on schedule and budget. The EPF fleet is proving to be a great asset to our future 355-ship Navy.”
The trials involved the execution of intense comprehensive tests by the Austal-led industry team while underway, which demonstrated to the Navy the successful operation of the ship’s major systems and equipment. Acceptance trials are the last milestone before delivery of the ship.
Austal’s EPF program is mature with nine ships delivered and three more under construction at the Mobile facility. The 338-foot Spearhead-class EPF is currently providing high-speed, high-payload transport capability to fleet and combatant commanders. The EPF’s large, open deck and large habitability spaces provide the opportunity to conduct a wide range of missions. With its ability to access ports with minimal external assistance, the EPF provides unique options to fleet and combatant commanders.
In addition to the EPF program, Austal has received contracts for 15 Independence-variant Littoral Combat Ships (LCS) for the U.S. Navy with a combined value of over $4 billion. Eight LCS have been delivered while an additional six are in various stages of construction.
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