The Mobile Airport Authority and Recaro Aircraft Seating Co. have signed an agreement for Recaro to open an office at the Brookley Aeroplex in Mobile.
Headquartered in Schwaebisch Hall, Germany, Recaro Aircraft Seating ranks among the world’s top three aircraft seat manufacturers in the world. The company operates plants in Germany, Poland, South Africa, the United States and China as well as service centers in Europe, the Middle East, the Americas, Asia and Australia.
Recaro’s home will be located in the Mobile Airport Authority’s newest phase of its Aerospace Incubator Strategy site, which offers small, low-cost leasing spaces.
“Adding to the growing number of Airbus suppliers, Recaro is exactly the type of world-class aerospace competency leader we envisioned with our AIS strategy. The capability set at the Aeroplex continues to grow to the benefit of all of our aerospace tenants,” Roger Wehner, executive director of the Mobile Airport Authority, said.
Recaro Aircraft Seating recently won the 2016 Gold German Design Award in the public design category.
Commercial real estate moves
Hamilton & Company recently assisted in the leasing of a building at 3425 Anton St. in Prichard for its client Mobile-based All-Crane Rental of Alabama LLC.
The 15,350-square-foot office/warehouse/service facility sits on 5.61 acres and will now be the local site of operations for Brewton-based Southern Haulers LLC, a regional trucking operation.
“We are pleased to provide a successful conclusion to All-Crane’s transition to their new location,” Lewis H. Golden, owner of Hamilton & Company, said. Greg Cawthon of Re/Max Gateway in Saraland represented Southern Haulers LLC in the transaction.
According to John Vallas with Vallas Realty, a 2.13-acre property located at the corner of U.S. Highway 31 and Jimmy Falkner Drive in Spanish Fort recently sold for $2,750,000. The former David’s Catfish restaurant and current Truland Homes office building are currently on the site.
Plans are in place for the two existing structures to be demolished and replaced by a new 9,500-square-foot retail store and creation of an adjoining out-parcel of land for future development. The transaction was handled by Vallas Realty and Bellator Real Estate Development.
Marl Cummings with Cummings & Associates Inc. recently leased 2,215 square feet of retail space to disc golf specialty store One More Round at University Village Shopping Center, located at the corner of Old Shell Road and University Boulevard. According to Cummings, 2,000 square feet of space still remain before the site is fully occupied.
Matt Cummings, also with Cummings & Associates, recently leased a 1,200-square-foot restaurant space with drive-through access to Lickin Good Donuts inside the Dauphin Square Shopping Center at 3170 Dauphin St.
Fort Worth, Texas-based Altitude Trampoline Park recently leased a 24,560-square-foot property at 3680 Airport Blvd. adjacent to West Marine, according to Allen Garstecki and Buff Teague with JLL. The tenant plans to open the trampoline facility sometime this summer, according to Teague.
Some 2,000 square feet of space was leased to fishing and hunting retailer Tackle This, Shoot That, at 5256 U.S. Highway 90 in Tillman’s Corner near the intersection of Rangeline Road. Cummings handled the transaction.
Austal receives $14 million study contract
The U.S. Navy announced March 19 that it awarded Mobile-based Austal USA a $14 million Littoral Combat Ship contract modification to conduct a special study and analysis program.
According to a news release, this is the second $14 million LCS modification contract awarded for the shipyard this month. It is an option exercised by the Navy to modify the original LCS 10-ship, block-buy contract to allow for continued review of the program.
“Our workforce is strong and the LCS program has a great deal of momentum right now,” Austal USA President Craig Perciavalle said. “Our partnership with the Navy remains strong as we continue to deliver the LCS and prepare for the advanced high-speed future frigate.”
The company was initially awarded $14.6 million in LCS modifications March 2 for planning and implementation of design changes identified during construction. The corrections and upgrades work will support test and trial periods.
The additional $14 million will enable engineering and design services to reduce acquisition and life cycle costs for the Independence variant LCS.
Austal USA is currently building ships under a $3.5 billion LCS 10-ship contract as well as a $1.6 billion Expeditionary Fast Transport 10-ship agreement, both from the U.S. Navy. Seven LCS and three EPF ships are currently under construction at the company›s headquarters and ship manufacturing facilities in Mobile.
Smith tapped for new role at Coastal Alabama Business Chamber
The Gulf Shores based Coastal Alabama Business Chamber, a recent Association of Chamber of Commerce Executives 2015 “Chamber of the Year” award winner, recently announced Megan H. Smith has been tapped as its new vice president of business development.
Smith was selected following a nationwide search for the new position. She served more than a decade as president of the Perry Chamber of Commerce in Perry, Georgia.
“We are thrilled to have someone of Megan’s caliber joining our team,” chamber President and CEO Ed Rodriguez said. “I›ve known Megan since the early 2000s and have worked with her on many projects and in many capacities, ranging from membership development to legislative advocacy.”
Smith is a graduate of the U.S. Chamber Institute for Organization Management. She holds a bachelor’s degree from the University of South Alabama and a master’s in public administration from Georgia College and State University in Milledgeville.