Mobile-based AeroStar recently announced plans to more than double its facility and employee count over the next several years.
Founded in 2011, AeroStar services commercial, commuter and military aircraft and has outgrown its current local worksite footprint. According to a news release, the company plans to add a new 16,875-square-foot building next to its current 6,000-square-foot facility at the Mobile Aeroplex at Brookley.
AeroStar has benefited from its relationship with VT Mobile Aerospace Engineering customers, such as FedEx, JetBlue and Delta Airlines, and has built a substantial list of clients. It performs hydraulic, pneumatic and electro-mechanical commercial aircraft maintenance work on all Airbus, Boeing and Bombardier platforms.
“We’ve seen a dramatic increase over the years of airlines moving to smaller third-party maintenance providers, like ours, for component maintenance needs. To keep up with the stringent turnaround times, we need more technicians and test equipment,” Greg Guzman, president and managing partner of AeroStar, said. “To fuel future growth, we need to invest in new test equipment that can keep up with the ever-changing technology of the newer aircraft.”
The $2 million investment includes construction expenditures, land, machinery and equipment. Work is set to begin this month and be completed near the end of 2018. The company currently employs 22 workers; AeroStar officials anticipate creating 28 new positions to handle ramped-up workloads.
“Entering into a fast-developing aerospace sector in Mobile, AeroStar made its presence quickly known in the industry. We are excited to see this homegrown business commit to new investment and jobs in our community,” said David Rodgers, the Mobile Area Chamber of Commerce’s senior project manager of economic development.
“There is no greater show of confidence than when existing businesses choose to reinvest in our community. We appreciate this investment by AeroStar because it will create jobs for our citizens and add momentum to our push to become a global destination for the aerospace industry,” Mobile Mayor Sandy Stimpson said.
More information about AeroStar can be found on the company’s website.
Commercial real estate moves
• Veterans Recovery Resources recently purchased two buildings on a 3-acre parcel of land on Springhill Avenue.
According to Pete Riehm with NAI Mobile, the first building — the former Postal Workers Social Club — is 1,600 square feet, sits on 0.95 acres, is located at 1156 Springhill Ave. and sold for $130,000.
The second site — a former Mobile County public school — is roughly 21,000 square feet, sits on approximately two acres, is located at 1200 Springhill Ave. and sold for $87,000. The buyers plan to redevelop both properties to form the professional campus for its veterans treatment program.
John Vallas of Vallas Realty represented the sellers in both transactions, while Riehm worked for the buyers.
• Encore Chrysler Dodge Jeep Ram announced the acquisition of 38.8 acres located at the corner of Hitt and Schillinger roads in West Mobile for $1.5 million. The site is situated directly across the street from Abba Shrine Temple, located at 7701 Hitt Road.
Plans are reportedly in place for Encore to build a new and pre-owned vehicle purchase facility that will include an original equipment manufacturer-part sales department as well as an automobile service/repair department.
John M. Delchamps, associate broker with the Merrill P. Thomas Co., worked for Encore in the transaction. Burton Clark with Cummings Associates represented the seller.
• Tilson Technology Management, based in Portland, Maine, has leased an 8,000-square-foot office/warehouse facility located at 9699 U.S Highway 31 in Spanish Fort, according to Adam Metcalfe with Metcalfe and Co., which handled the transaction.
• Lewis H. Golden of Hamilton & Co. recently represented the owners of 1751 Old Shell Road for business leasing inside the historic property at that address. Salon West 54 Hundred, an Aveda salon, will occupy a 2,280-square-foot area in Suite A.
Marietta Urquhart of White-Spunner Realty represented the salon in site selection and the lease transaction. “This lease represents the final available space for the building. The salon will be a great fit for the building and for the midtown community,” Golden said.
• Some $650,000 was paid for 5 acres of property located at the intersection of Juniper Street and County Road 20 in Foley, according Stacy Ryals with Hosteeva Realty, who worked for the sellers. The local owners of Doc’s Seafood Shack & Oyster Bar, located at 26029 Canal Road in Orange Beach, were the buyers.
• The 3,200-square-foot Crystal Ice House historic warehouse property, located at 800 Monroe St. in the Church Street East Historic District in downtown Mobile, was recently sold to investors for $150,000. Gaines Zarzour with Zarzour Cos. represented the buyer. Lewis H. Golden of Hamilton & Co. represented the sellers.
Swift Industrial Power hires Troutman
Nashville-based Swift Industrial Power recently announced it has added Scott Troutman to the company’s Mobile team as a customer service representative. He will provide sales support and promote the company’s array of service offerings to customers in South Alabama and the Florida Panhandle.
“This is an exciting time to join the company and the team here in Alabama,” Troutman said. “I recognize the commitment and service level Swift provides its customers, and I’m looking forward to building on that as we expand our customer base.”
Chris Jourdan, Swift Industrial Power general manager, believes Troutman will play a significant role in the future growth of the company.
“Scott brings a great deal of experience in the automotive industry and will be an integral part of our team as we seek to extend our reach into southern Mississippi,” Jourdan said.
Swift Industrial Power is located at 1125 Corporate Drive, N., in Mobile. The company has offices in Knoxville and Trussville, Tennessee; Mobile, Dolomite and Trussville, Alabama; and Fort Lauderdale, Jacksonville and Lakeland. Florida. For more information on the company, visit its website.