According to John Vallas with Vallas Realty, changes are in store at the corner of Spring Hill Avenue and Mobile Street in Crichton. Three existing structures, including an old gas station, restaurant and lounge, will be demolished and replaced with a 5,000-square-foot CEFCO convenience store. With multiple local sellers involved, total development cost is estimated to be north of $4 million.
CEFCO currently operates more than 250 locations from Texas to Florida, with multiple locations in Baldwin County. The company has one location under construction in Mobile, at the corner of Schillinger and Three Notch roads, per Vallas. CEFCO joins Dollar Tree and Popeye’s as franchises in the process of developing new stores in the Crichton area, transactions all handled locally by Vallas Realty.
Comfort Care Hospice recently leased a 4,000-square-foot building on U.S. Highway 98 in Fairhope next to the Publix Shopping Center. Jay O’Brien of J.L. O’Brien & Associates Inc. worked for the landlord and Tony Cooper of BHHS represented the tenant.
Stirling Properties co-brokered the sale of Forum Shops, a 37,500-square-foot Wal-Mart shadow center at 3385 Schillinger Road in Semmes. BRE Pooled Retail Owner LLC was the seller and Sand Capital of Scottsdale, Arizona, was the buyer. Stirling Properties senior sales and leasing executive Jill Meeks handled the transaction and will maintain ongoing leasing duties at the property. Jordan Summerville and Gisella Haidar with C-III Realty Services also co-brokered the sale.
Joe Hudson’s Collision Center has purchased the 14,500-square-foot industrial building located at 900 Lakeside Drive in Mobile for automotive repair services. Stirling Properties associate broker Justin Toomey represented the purchaser. Jeremy Milling with Milling Commercial Realty Inc. worked for the seller. Anders Boyett & Brady handled the title work. The property transacted June 8; final purchase price was $827,000.
Praytor Collectibles has leased 9,800 square feet of retail space at 3912 Cottage Hill Road in Mobile. Stirling Properties’ Toomey worked for the property owner and Tommy Praytor with Praytor Realty represented the tenant.
Breakout Orange Beach, a new escape-room entertainment concept, has leased 1,400 square feet of space at The Wharf, located at 4776 Main St., Suite L-208 in Orange Beach. Stirling Properties broker Jeff Barnes represented the property owner. Breakout Orange Beach was expected to open June 16.
Neuromuscular, Spine and Joint Center has leased 3,500 square feet of medical space at University Place located at 820 University Blvd. in Mobile. A grand opening is anticipated in September. Stirling Properties leasing executive Nathan Handmacher, along with Steven McMahon with Inge and Associates, managed the transaction.
A local investor has purchased Island Road Shopping Center from Hamilton Road Partnership for $3,950,000. The 59,877-square-foot Winn-Dixie-anchored retail center is located at 5827 Hwy. 90 W. in Theodore. Stirling Properties’ Handmacher handled the transaction.
Per a recent legal advertisement, Wal-Mart is planning to build a 2,900,000-square-foot super regional distribution center on a 400-acre area of land located near the southwest corner of Interstate 10 at McDonald Road in Irvington. The site is due west of Theodore and Tillman’s Corner. When completed, the complex is estimated to be nine times the size of the Airbus hangar and four times the size of the huge Ace Hardware distribution warehouse situated in Loxley. It will be Wal-Mart’s fourth-largest and sixth super regional facility in the U.S. The center will receive containers of merchandise from Asia and redistribute the products to Wal-Mart stores across the South. An estimated 550 full-time jobs and 200 seasonal jobs are expected to be filled at the center with an average annual salary of $36,000. Timeline for construction is unknown but it is expected to take more than a year to build.
Rural Sourcing among best places to work
According to a news release, Rural Sourcing Inc. (RSI), a provider of U.S.-based IT outsourcing services, recently announced IDG’s Computerworld has selected RSI as one of the “Best Places to Work in IT” for the second year in a row. The 2016 designation means RSI is one of 100 top organizations that optimize their IT staffs while providing great benefits and compensation.
“RSI is honored to once again be recognized by Computerworld as a leading IT employer,” Monty Hamilton, CEO of Rural Sourcing, said. “Remaining true to our core values helps create a fun, high-energy environment where our colleagues are challenged and motivated to help our clients solve their IT challenges.”
The “Best Places to Work in IT” list is an annual ranking of the top 100 work environments for technology professionals by IDG’s Computerworld. The list is compiled based on a comprehensive questionnaire regarding company offerings in categories such as benefits, career development, training and retention.
Opening an office in downtown Mobile in 2014, RSI employs 75 locally with plans to reach upwards of 100 workers by 2017.
Coca-Cola acquires Mobile facility
As part of The Coca-Cola Co.’s efforts to accelerate implementation of its 21st century beverage partnership model, Coca-Cola Bottling Co. United Inc. (United), headquartered in Birmingham, announced in a news release it has signed letters of intent with Coca-Cola Consolidated (Consolidated) and The Coca-Cola Co. with respect to territory in the Southeast U.S.
These territories include portions of Alabama, Georgia, Florida, Mississippi and South Carolina. The intent of these agreements is to allow for more contiguous operations for both United and Consolidated.
United will acquire the production facility in Mobile as well as distribution facilities located in Mobile, Robertsdale and Leroy, Alabama; Bainbridge, Columbus and Sylvester, Georgia; and Laurel and Ocean Springs, Mississippi.
“We are delighted to be a part of these anticipated transactions with Coca-Cola Consolidated and The Coca-Cola Co., as they will provide for a more rational franchise footprint for both companies,” John H. Sherman, president and CEO, Coca-Cola United, said.