Resicum International LLC, a business focused on providing support to the federal government in aviation, information and maritime services, has announced plans to relocate its headquarters and begin construction on a new hangar facility at Jack Edwards National Airport in Gulf Shores.
The new 21,000-square-foot hangar is scheduled to open its doors in summer 2019, bringing 18 new aerospace jobs and more than $1.1 million in annual payroll to Baldwin County during its first two years of operations.
Resicum International is a DCMA-I 8210-certified aviation training and maintenance provider and one of few companies approved by the United States Department of Defense (DOD) to maintain its aircraft and provide training using DOD assets at the contractor-owned facility.
With operations on three continents and a wide range of maintenance and training services, Resicum International’s global reach has earned a reputation for quality and commitment in the aerospace industry.
“Resicum International is committed to bringing excellent aerospace services and well-paying technical jobs to Baldwin County and the Gulf Coast, for both our commercial and government services clients,” Robert Baird, managing director, said. “We intend to invest in the area for the long term and grow our aviation and government business here. To that end, we have already invested in infrastructure, equipment, people and processes to ensure that we always deliver safety in flight for all our clients, no matter how small. We look forward to continuing our investment and growing over time in the region.”
In addition to federal government work, Resicum International provides commercial, state and local government services for Part 145 Maintenance, Repair and Overhaul services (MRO) and Part 61 Flight School Services through AeroPro, the company’s civil aviation unit. Together, both business units accounted for approximately $7 million in sales in 2017, with 2018 projections exceeding $8 million and steady growth projections thereafter.
“We are excited to welcome Resicum International to Gulf Shores. Their investment in our community and Jack Edwards National Airport will benefit the entire region by bringing new, high-paying jobs to our area,” Gulf Shores Mayor Robert Craft said.
According to a news release, South Alabama is home to more than 30 aerospace companies and a regional workforce exceeding 500,000. For two years in a row, SmartAsset has ranked Baldwin County first in the state for incoming business investment.
Additionally Emsi, a national labor market analytics firm, recently ranked Baldwin County No. 1 in the state for workforce talent attraction.
Resicum International will begin operations in August in an existing hangar facility at Jack Edwards National Airport as construction begins on the new facility later this year.
Commercial real estate moves
- Commercial property at 2810 Government Blvd., at the corner of Pleasant Valley and Government boulevards, has been leased to American Car Center for an auto dealership. Mamun Siddiq with Re/Max Partners represented the landlord. Jeff Barnes with Stirling Properties worked for the tenant, American Car Center.
- According to Gavin Bender Jr. with Bender Real Estate Group, Mobile-based law firm J. Jerry Pilgrim and Associates has leased some 2,300 square feet of office space on the ninth floor in the downtown Riverview Plaza office property at 63 S. Royal St.
- Sweet Tea Boutique LLC is leasing some 1,000 square feet of retail space at Lloyd Place, located at 6207 Cottage Hill Road in Mobile. The clothing, accessories and gift boutique is relocating from its current space on Three Notch Road. The original location in Grand Bay will remain open. Jill Meeks, leasing executive with Stirling Properties, handled the transaction.
- Harry Johnson with Gulf Coast restaurant Brokers reported some 2,000 square feet of restaurant space, formerly the home of El Camino Taco Shack, located at 212.5 Fairhope Ave., is now occupied by Texarbama BBQ. The eatery offers traditional Texas BBQ sold by the pound, including brisket, ribs and pork, according to its Facebook page.
BCAR May 2018 residential real estate report
The Baldwin County Association of Realtors (BCAR) recently released its May 2018 housing market report. The Baldwin County housing market — and the national housing market as well — doesn’t show signs of slowing down anytime soon, according to the news release.
One immediate takeaway, as reported from the study, was that local homeowners considering selling residential properties should pay close attention to local market indicators.
The report revealed that the total amount of residential active inventory in May 2018 was 3,200 units; 723 properties were sold last month, down 11 percent from 811 properties sold in May 2017.
Properties are staying the market fewer days compared to 2017, down 37 percent from 139 days last year to 88 days in May 2018, indicating a strong acceleration in demand.
May 2018 total sales decreased 11 percent to $206,401,867, down from $231,330,938 in May 2017. Average sales prices of residential properties in Baldwin County in May were roughly the same as 2017. Last year, the average sales price in May was $285,479; this May it was $285,421.
Here are additional BCAR Residential MLS statistics by area:
Residential properties sold in May 2018: 183
Average sales price: $199,099
Average days on market: 60
Average sales price change from May 2017: up 10.82 percent
Residential properties sold in May 2018: 133
Average sales price: $367,264
Average days on market: 104
Average sales price change from May 2017: up 4.24 percent
Residential properties sold in May 2018: 89
Average sales price: $392,454
Average days on market: 136
Average sales price change from May 2017: down 4.55 percent
Residential properties sold in May 2018: 218
Average sales price: $296,903
Average days on market: 88
Average sales price change from May 2017: up 1.9 percent
Residential properties sold in May 2018: 15
Average sales price: $152,833
Average days on market: 51
Average sales price change from May 2017: down 5.11 percent
More information about residential real estate in Baldwin County can be found on BCAR’s website, www.baldwinrealtors.org.
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